1. A strong economy
2. Earnings growth
3. Global synchronized growth
4. A healthy market
5. Worldwide stock gains
Source: Kiplinger
http://www.thetradingreport.com/2017/10 ... -climbing/
1. A strong economy
2. Earnings growth
3. Global synchronized growth
4. A healthy market
5. Worldwide stock gains
“Prolonged overbought conditions on their own do not indicate anything other than being overbought, and markets can stay overbought for some time,” said Stockton.
“But when such a gap appears after prolonged overbought conditions, it is exhaustive in nature and suggests that the short-term momentum is likely to waiver,” Stockton said.
CNN’s Fear and Greed Index stands at 73 on a scale of 0 to 100, with the 100 being extreme greed and zero being extreme fear. On Oct. 5 it hit 94 and last Friday it was at 91.
“If we close lower sometime this week, then, the downside risk will increase,”
“Prolonged overbought conditions on their own do not indicate anything other than being overbought, and markets can stay overbought for some time,” said Stockton.
“But when such a gap appears after prolonged overbought conditions, it is exhaustive in nature and suggests that the short-term momentum is likely to waiver,” Stockton said.
CNN’s Fear and Greed Index stands at 73 on a scale of 0 to 100, with the 100 being extreme greed and zero being extreme fear. On Oct. 5 it hit 94 and last Friday it was at 91.
“If we close lower sometime this week, then, the downside risk will increase,”
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