Rick Bensignor, chief technical strategist at Morgan Stanley, believes that while "it's late in the game," the market still may have "a little more to go on the upside." Because of the S&P 500's recent uptrend, he may raise his yearly target on the S&P 500 to a range of 1250-1290, from 1240-1280 previously.
"It's not much and it's not going to be a piece of cake to get there. For investors, the risk is that three months or six months from now we won't necessarily be much higher from [current] levels on the S&P," Bensignor says. "For my part, the closer we get to 1250, the less I want to put some money in there." To view Aaron Task's video take on today's market, click here.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,231.17 | 1,091.30 | 2,157.02 | 34.81 |
Oil *
76.17
|
|
DOWN
60.09
|
DOWN
7.21
|
DOWN
9.88
|
UP
0.07
|
10 Yr
3.48%
SPDR Gold
108.69
|
|
-0.58%
|
-0.66%
|
-0.46%
|
+0.20%
|
Data delayed 20 minutes |
