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Technicals

Getting Technical

Ed Yardeni Ed Yardeni · · 1 min read
Getting Technical

Here is Joe Feshbach's latest trading call: "The market has rallied according to plan accompanied by improving breadth numbers. The put/call ratio has moved back to neutral (chart). I would’ve preferred more skepticism on the rally. So while the market should eventually get to the upper end of its trading range it could get a bit bumpy soon. The chart I alluded to last week remains bullish and I believe it is signaling a very good probability the two highs in the S&P 500 at 4100 will eventually be surpassed."

Ed Yardeni
Ed Yardeni

Dr Ed Yardeni is the President of Yardeni Research, Inc., a provider of global investment strategies and asset-allocation analyses and recommendations.