Posted by Richard640
@ 11:48 on December 9, 2017
Stock market poised for a ‘melt-up’ as it begins strongest months of the year
- Stock market technicians say the stock market setup into year-end looks strong, and the market should continue to add to its gains.
- The S&P 500 is up 15 percent year to date. When it’s been that strong in years past, further gains have followed with an average 4.9 percent added in the final two months of the year.
- Technicians say the bull market appears healthy and if it does “melt-up” into the final two months of the year, a bad meltdown isn’t necessarily in the cards right away.
- https://www.cnbc.com/2017/11/01/stock-market-poised-for-a-melt-up-as-it-begins-strongest-months-of-the-year.html
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