Stock Groups

How These Two Bearish Notes Could Impact the Stock Market -Breaking

by Mike Robinson

[ad_1]

The Stock Market Could Be Impacted by These Bearish Notices

We’ve been tracking the S&P 500 (SPY) meltup for four, straight weeks. Fair to say, that it’s over as we pulled back more than 1%. Still, the market’s advance remains on firm footing. We’re simply graduating to a more, mature phase of the rally. It’s easy to make money. The market will keep moving higher, but with greater volatility. In today’s commentary, I want to discuss our overall outlook and strategy into year-end. Also, we must keep an eye on two bearish trends. Read on below to find out more….You can enjoy the updated version of my weekly Commentary, published November 15th 2021 in the POWR Growth newsletter.

First, let’s take a look at the past week:

As the chart above shows, the S&P 500 didn’t do much over the past week. It was a healthy and well-deserved breather following the index’s nearly 8% gain from mid-October to early-November.

Continue reading on StockNews

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]