Don't buy stocks until these 2 signals flash, technical analyst says

Investors should wait for two technical signals - a breakout above the 4,600 resistance level on the S&P 500 and an upward turn in the momentum-based stochastics indicator - before buying stocks, according to Katie Stockton of Fairlead Strategies.

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8/23/2023

A Bull Market Is Coming: 2 Beaten-Down Growth Stocks With 135% and 121% Upside, According to Wall Street

The S&P 500 is showing signs of a new bull market, but some experts are cautious and want to wait until the index reaches its previous high, meanwhile, there are two stocks, Sea Limited and Upstart Holdings, that have the potential to more than double in value over the next 12 to 18 months based on analysts' price targets.

8/28/2023

The stock market is set up for a relief rally. Don't chase it, says technician.

A potential relief rally in the stock market is expected to start the week, but the upside is limited due to uncertainties about interest rates and the recent volatility, according to a Wall Street technician. The S&P 500 and Nasdaq Composite have experienced pullbacks, but a relief rally may be possible in the near term. However, the long-term trend remains uncertain, and the risk of a downturn in the financial system is elevated.

8/30/2023

Stocks lose steam with ADP jobs, GDP data in focus: Stock market news today

Wall Street's rally in stocks is expected to pause as investors await new data on jobs and GDP to determine whether the US economy has been impacted by Federal Reserve tightening.

8/31/2023

Opinion: Stock market bulls are still on top

The U.S. stock market continues to rise, generating buy signals and targeting a resistance level of 4600, with support at 4330 remaining crucial; breadth has improved, volatility indicators remain bullish, and new recommendations include a breadth oscillator buy signal and investments in Taysha Gene Therapies.

9/4/2023

S&P 500: Market Momentum Finally Turns Positive

The stock market is still in an uptrend despite a recent pullback, and there is a likelihood of higher stock prices in the near term as long as the market continues to advance within its uptrending channel. Additionally, the recent breakout in the S&P 500 is a bullish sign for the market, and commodity-related stocks have begun to outperform, making them attractive investments.

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Posted 9/5/2023, 4:38:00 PM