Stock Groups

Are Stocks Ready to Break to New Highs? -Breaking

by Mike Robinson

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© Reuters. Are Stocks Ready to Break to New Highs?

The stock market (SPY) is on a 5 day winning streak and now less than 1% away from the all time highs. This quickly shakes off weeks of painful pullbacks and volatility. Is the market truly ready to ascend to new heights or is this another fake out before the next leg lower? Find out the rest below.(Please enjoy this updated version of my weekly commentary from the Reitmeister Total Return newsletter).

After making new highs at 4,545 back in early September stocks endured an extended pullback with loads of volatility. That seems to be over as stocks broke above 4,500 today and now just a short hop away from the all time highs.

Is the pullback truly over?

Continue reading on StockNews

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