Stocks Analysis by Jani Ziedins covering: S&P 500. Read Jani Ziedins's latest article on Investing.com
Little changed between Wednesday, Tuesday, or even last week. The market is comfortable at these highs, and few owners are interested in selling. But at the same time, those with cash are reluctant to chase prices even higher.Prior momentum is clearly higher, and that means all ties go to the bulls. If prices were grossly overbought and vulnerable, stocks would have tumbled by now. As long as we keep getting more of the same headlines, I don’t expect anything to change.
One bad headline can flip sentiment in an instant, and if that happens, there is a lot of air underneath us, but we need to get that bad headline first. Until then, expect this back and forth to continue, but with a little more up than down.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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