The S&P 500 had its second weekly closing above the 2500 levels. However, it formed a doji candlestick pattern on the weekly chart last week, which shows that the bulls and bears are in equilibrium. Key points Though the S&P is losing momentum, it remains in an uptrend Buy MOG.A Buy SMMF Buy MODN Buy PSTG While the bulls have not been able to sustain the momentum above 2500, the bears have not been able to sink the index. As long as the index trades above 2480, it remains bullish and we can expect select individual stocks to outperform. It […]
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