It looks like the S&P is “kissing” the underside of “Dual Resistance” for the first time in history. Does that mean the market is topping here? It is too soon to tell.
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).
eResearch is pleased to provide a technical opinion from Chris Kimble of Kimble Charting Solutions on steel and whether its current price action might add to the growing anxiety of a pending U.S. recession. [more]
January is usually a good month for the stock market as investors are full of positive anticipation for the year ahead. However, with the various Indexes near all-time highs, it might be prudent to adopt a cautious approach to investing this month and, indeed, this year. [more]