New Highs for Stocks!!

26 ביולי 2021

Stocks have made new highs, finally reaching the target we set at 4408. We set this target before the sharp decline in stocks that followed renewed Coronavirus panic. However, the S&P made a V shaped recovery, and we have retraced this selloff and then some. We do appear to have returned confidently back to bull mode. We have established our next target at 4431. The Kovach OBV is strong, but has rounded off suggesting stocks may be coming up for air at the moment