Global markets are setting up for warmer times. Prospects look especially sunny in precious metals, energy and ETFs that short the dollar.
Nearing a key breakout point, the S&P 500 is setting up to jump another 10%. But failing to find support at that level, a slight pullback is in order.
The market needs a breather at this point, says strategist. He warns investors against putting too much stock in a three-week rally.
Technical indicators suggest that SPY and DIA are positioned to rise. A 25% jump might be coming as early as next week, says portfolio manager.
Despite so much gloomy economic news, a review of both the market's technical and fundamental factors paints a much less dour picture.
Global telecom ETF stages a technical breakout on strong volume. Could ETFs focused on China, Hong Kong and SPY be far behind?
Sticking to broad-based stock ETFs and using stop orders can control portfolio risks, says analyst.
Charting actual price movements indicates the index is positioned to rally to at least 1,150.
While playing defense seems to make a lot of sense right now, betting on a rebounding U.S. dollar could prove a rather hasty and risky move.