Monday, April 18th, 2016

Current Stock market in a bullish channel

 

Since the start of New Year stocks have been barreling to the upside killing bears and short sellers alike in a hurry. The shorts have disappeared completely. The earning season is also reaping rewards. Most S&P 500 companies have hit high marks this month and continue to dazzle institutional buyers. AAPL, NFLX and others have blown street expectations.

The Feds have also decided to add more cash to  a faltering economy thereby making life for incumbents much easier. They will keep the interest rates low for this year and possibly next year also. This has fueled a market rally but with tight closes everyday, which shows lots of accumulation in the stocks.


The economy is certainly on the mend, but without any oomph or a V shaped recovery. The employment situation still a mess and the rate stuck at 8.6 percent. The slow recovery is all but visible where manufacturing activity has picked up and the GDP is growing at the rate of 2 to 3 percent a quarter.

Major indexes are showing going higher on expanding volumes and showing accumulation by institutional buyers. There is more appetite for that than a month ago. There appears to be a rush not to miss something. This has carved a well defined bullish channel for SPX and RUT and other major indexes, though the market is extremely overbought here.

If you liked this post, please click below to join

Comments

6 Responses to “Current Stock market in a bullish channel”
  1. The US stocks closed mostly lower on Friday, capping its first losing week of 2012, after the government reported that economic growth was slower at the end of last year than economists expected.

  2. Saying thanks will not just be sufficient, for the phenomenal clarity in your writing. I will directly grab your rss feed to stay informed of any updates.

Trackbacks

Check out what others are saying about this post...
  1. […] Existing Stock Market In A Very Bullish Outlet […]

  2. […] Existing Stock Market In A Very Bullish Channel « Online Forex Trading Training – This Forex Trading System Plus This Forex Software Might Produce Many Millionaires With This Decade! […]

  3. […] Latest Stock Market Inside A Bullish Outlet « FHA Mortgages With Home Loans Fargo […]

  4. […] Present Stock Market In A Bullish Channel Posted in finance […]



Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

*