Wall Street

Consolidation Now

Published by
ValueWalk

S&P 500 did a brief intraday downswing yesterday – very fast erased. Bonds strong, market breadth further improving, FOMO almost kicking in – and then Apple Inc (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN) earnings interpretation provided for a fresh upleg aftermarket. Stock prices are to stall somewhat next, but not to roll over into a new downtrend – not yet. There is time, and early next week isn‘t yet flashing even just amber. Likewise the rally in precious metals is to continue, with miners still ridiculously inexpensive. Crude oil preparing for a new upleg in the $98 area while coppe…

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