Latest News

A late-May rally in stocks isn’t cause for investor celebration just yet

0

MarketWatch

Brace for another selloff if U.S. stocks reach this technical ‘danger zone’

According to Jonathan Krinsky, a market technician at BTIG, the new “danger zone” for U.S. stocks corresponds roughly with the 50-day moving average for the S&P 500 , which is presently right around 4,275 although Krinsky believes equities would meet resistance slightly earlier at around 4,250, which is the top end of the “summer chop” range he anticipates. Because of this, Krinsky expects a swift bout of counter-cyclical reversion – where technology stocks lead markets higher, a dynamic that has already been witnessed during the past week – to be the near-term catalyst for a rebound in stocks.

Dow Jones Newswires: Eurozone manufacturing orders fall for first time in almost two years

Previous article

: 5 large companies that will emerge from the tech wreck as even more fearsome

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News