Tag: trader
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Opinion: Stocks are trying to break out of a trading range but resistance is too strong
[ad_1] The stock market, as measured by the S&P 500 Index SPX, has failed to overcome resistance at 4200. That is bearish, and SPX has backed off sharply since the most recent attempt to challenge 4200 occurred late last week. That attempt was spurred by positive earnings from Meta Platforms META and others. Now the…
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Opinion: Why this veteran stock trader likes the oil and retail sectors now
[ad_1] Back in January, Jeffrey Bierman surveyed the U.S. stock market landscape and called it a “slow-motion bear market,” forcing investors to face the fact that “the Fed-fueled fantasy bubble has popped.” U.S. stocks have since rebounded, but Bierman, a professional stock trader with more than three decades of experience, is convinced that stocks aren’t…