Stock Groups

Year End Targets? -Breaking

by Mike Robinson

[ad_1]

© Reuters. Bull market update: End targets for the year?

4,700 seems to be a point of serious resistance for the S&P (SPY) leading to an extended consolidation period hand in hand with violent sector rotation. What is the reason for this? And what’s next? How can you trade in this environment? This market commentary will provide the answers to all these and other questions.Enjoy this version of my Weekly Commentary from Reitmeister Total Return.

Over the past week the S&P is relatively breakeven. The average investor will however tell you unambiguously that the past week has been brutal.

That’s because we are going through the same kind of consolidation and sector rotation period experienced a dozen or more times since this bull market began 20 months ago. All the money goes to FAANG stocks, and some of their most trusted friends. Everyone else is kicked in your groin.

Continue reading on StockNews

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts, buy/sell signal, and quotes. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most risky forms of investment.

[ad_2]