|Day's Range||13,655.45 - 13,773.13|
|52 Week Range||10,724.19 - 13,773.13|
Will the stock market rally continue following President Trump reaching a phase one trade deal with China? These three charts suggest yes.
What is the NYSE Composite Index (NYA)? By filling its open gap from 2018, the NYSE Composite Index (NYA) has reached an important technical pivot; hence, the initial rejection from the open gap fill is not a surprise. No, it can, but as with any rally, one must keep a close eye on new highs versus new lows.
Bonds and gold have yet to make new highs despite a slew of bad global and U.S. data. As bonds roll over, they will take stocks down.
Investors are often told it's impossible to time the stock market, but increasing distribution days have been seen at several market tops in the past.
In the stock market, distribution days are like wine. A glass or two is fine. It's social, it's probably good for your digestive system. But one too many will send you reeling.
Warning! GuruFocus has detected 2 Warning Sign with ATVI. M: Market direction (how you can learn to determine it). Getting back to market direction, you need a proven and reliable method that will help you determine market direction (bull market or bear market) with confidence.