Weekly S&P500 ChartStorm - Third years of bull markets can be messy
Learnings and conclusions from this week’s charts:
The S&P500 $S&P 500(.SPX)$ closed back above 6000 on Friday.
Third years of bull markets (this year) can be messy.
Small caps are unloved and undervalued.
The cap-weighting of S&P500 (ex-100 largest) is near a record low.
Some of the best stocks of history saw some of the biggest drawdowns.
Overall, the characteristically 2020’s era rapid collapse and recovery in stocks continues to run its course. Probably the key cautionary would be to remind folk that 3rd-year bulls have a habit of ranging and volatile behavior, but also that there are very interesting opportunities hiding in plain sight…
Technical Check: Friday brought another milestone on the path to recovery, the S&P500 closed a hair above 6000 — that comes after breaking through multiple lines of resistance and back above its major moving averages. It has been a characteristically 2020’s era rapid decline + recovery.
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
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.
