Category: pointing
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A bullish signal in the stock market is pointing to double-digit gains for the S&P 500 next year, research firm says
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Spencer Platt/Getty, Tyler Lee/PI The stock market showed a bullish technical indicator on Monday, according to Ned Davis Research. NDR strategist Ed Clissold noted that the market is in stage four of bottoming out as it approaches record highs. Since July, three broad bullish signals have emerged, indicating a strong…
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4 bullish signals are pointing to more stock gains ahead, according to Bank of America
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Spencer Platt/Getty Images Bank of America technical analyst Steven Suttmeyer says the stock market is likely to continue rising. In a note on Tuesday, Suttmeyer highlighted four positive signs that point to a healthy bull market. “The rotation, which is the lifeblood of a bull market, suggests that the S&P…