Markets Still Trending Upward - But Now At A Level Of Resistance - John Rothe | Portfolio Manager, Quant, Tech Geek, And Sometime Superhero To My Kids

Markets Still Trending Upward – But Now At A Level Of Resistance

Happy Monday!

Two quick thoughts to start the week off:

The US stock markets have been trending upward nicely the past few weeks:

 

In fact, I am starting to see a few buy signals on various research models I follow. However, short term traders have taken notice of a different trend:

If the markets can trade above this longer term down trend, investors will view it as a confirmation of the emerging buy signals and may start reallocating money back into equities.

 

Happy Trading

-John

 

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