The charts of all the major indices and most individual stocks look terrible. But we are getting some initial signals that the selling is abating. Here’s what to look for.
It’s doubtful the market will be able to have a sustainable move higher until concerns about a hawkish Fed and the trade war with China get resolved. The lack of clarity on those two issues has caused a major shift in investor sentiment where even good news such as strong earnings is being met with selling. And the recent and rapid declines in FAANG names has been a big blow to market psychology. At some point, the… Continue Reading at StockNews.com