Every down day brings calls of a market top. But based on a rare buy signal, there appears to be very little risk in the S&P 500 at this time. S&P 500 Shrugs Off Japan’s Plunge On Thursday morning, traders in the United States awoke to news of a sell-off in Japan that drove the benchmark index for the country down by more than 7%. After a weak open, U.S. Read More
Every down day brings calls of a market top. But based on a rare buy signal, there appears to be very little risk in the S&P 500 at this time. S&P 500 Shrugs Off Japan’s Plunge On Thursday morning, traders in the United States awoke to news of a sell-off in Japan that drove the benchmark index for the country down by more than 7%. After a weak open, U.S. stock markets recovered and saw only small losses at the close. The ability to ignore bad news is generally bullish for the stock market. Although SPDR S&P 500 (NYSE: SPY) lost 0.98% last week, the market still looks strong.#-ad_banner-# One reason to be bullish is a relatively unknown indicator that seldom offers trading signals. The economy alternates between contraction and expansion in a continuous business cycle. This cycle impacts… Read More