The S&P 500 has climbed some 3.5% over the last three weeks, and finally seems ready to break out of its five-month-long trading range.But just as the decline to 1160 did not set off an extended downtrend or bear market, this recent rally appears likely to stall before reaching new highs and igniting a new bull market. For now, we may be preparing to settle back into a narrow trading range for the next few weeks as market participants catch their breath, reassess the energy and inflation situation, or simply take some time off until after Thanksgiving.
Strangle This Trading Range
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.