Quantcast

Why The Bears Need to be Afraid


Shutterstock photo
Why The Bears Need to be Afraid

(New York)

In a refreshing article given the relative doom and gloom over the last month, Barron's has published a piece arguing that it is the bears, not the bulls, that need to be afraid of the equity market right now. The view is based on technical analysis. Many might be interested to learn that rather than the technical indicators showing a bull market at or near its peak, signs are suggesting a move upward may be in store. The piece is also quick to point out that despite the shallow correction a month ago, the bull trend for the market has continued unabated.

FINSUM : We don't put a great deal of stock in technical analysis and only view it as useful as a companion to fundamental analysis. Nonetheless, it is good to stay abreast of this information.

  • stocks
  • bear market
  • bull market
  • technical analysis
  • S&P 500

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks


More from FINSUM

Subscribe






Contributor:

FINSUM









Research Brokers before you trade

Want to trade FX?