This chart's message: Stocks need to carve out a fresh record soon — or else.
The stock market needs to carve out a fresh record — and soon — or else, says chart watcher Andrew Adams.
Adams suggested that the current dynamic in the market is fragile, with the Dow Jones Industrial Average DJIA, -0.36% the Nasdaq Composite Index COMP, -0.50% and the small-capitalization oriented Russell 200 index RUT, -1.00% under pressure for the past few weeks. Still, optimism could be erased if the index breaches its long-term trend line, with readings of momentum already signaling a flagging pace of gains since the last time the S&P 500 threatened a decisive break below trend :
“If that were to happen it would be coming after the S&P 500 ‘kissed’ the underside of the previous uptrend line that was in place from 2009 until late last year and after the index put in a ‘negative divergence’ by making new highs but with lower RSI readings the last two times ,” he said.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
‘Godfather’ of chart analysis says Wall Street shouldn’t bet on stock-market records anytime soonProminent market technician Ralph Acampora says Wall Street needs new highs for him to be confidently bullish about the outlook for the stock markets, after...
और पढो »
Investors will soon pay zero fees for market trackers, new research suggestsFees for the world's most popular investment funds are in a race to zero, new J.P. Morgan research revealed.
और पढो »
How to tell it's time for a new credit card: Five signsIs your credit card no longer a good fit? These five signs suggest you need to consider finding a new credit issuer to do business with.
और पढो »
'The winner's curse': 3 reasons why the stock-market dominance of Facebook, Google, Amazon, and the rest of the mega-cap tech elite may soon be overOne Wall Street expert lays out a compelling case for why the sheer and utter dominance of the stock market's tech elite could be on its last legs.
और पढो »
PINS Stock | PINTEREST Stock Price Today | Markets Insider
और पढो »
American Express' CMO Elizabeth Rutledge: 'It's really important for us to market the marketing'AmEx CMO Elizabeth Rutledge discusses how the company works with agencies, competes with other financial services companies, and personalize its marketing.
और पढो »
Why Presidential Candidates Addressing The Racial Gap In Maternal Healthcare Is Crucial\nLawmakers are introducing bills that target racial disparities in maternal deaths by ruthumohnews
और पढो »
Here’s why your internet may be delivered by a drone someday soonInterest in high-altitude, solar-powered drones is burgeoning as companies look to add more users for 5G service.
और पढो »
Here are some signs that high-end housing might be headed for troubleThe high end real-estate market is under pressure, with an oversupply of high-priced homes and falling sales. Among the hardest hit are homes built on speculation. CNBC's Robert Frank reports on one mansion builder in L.A. who is facing some tough decisions.
और पढो »