S&P 500 has reached its 200 day moving average, up almost 14% in July, in the backdrop of stronger than expected results from retail sector like Walmart, Target and home deport.
Although earnings came in better than expected, there are still growing concerns over inventory.
Whats due wednesday? The U.S. retail sales data and also fomc minutes from its July policy meeting.
Let's see what happens to the market tonight.
Will S&P breaks up above its 200 MA? Feel free to comment:)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments