Inflation Data Rally: Will Stocks Continue Higher?
S&P 500 reached a new record high, but is there any upside left in the short term?
S&P 500 reached a new record high, but is there any upside left in the short term?
Silver rallied on inflation data; today, it’s trading along $30.
Gold price advanced following the CPI release; today, it’s slightly below $2,400.
S&P 500 is about to reach a new record high, but will it continue advancing?
Silver is gaining ahead of the inflation data, breaking $29 level.
Paul Rejczak’s approach to the market is based on an analysis of recent and historical price movements, in conjunction with events or fundamental data that may influence short- to medium-term price trends.
Purely technical market analysis can lead to a lot of misleading signals, but when combined with an analysis of events that can potentially trigger changes in sentiment, an optimal and profitable strategy develops for the long term. Paul’s Stock Trading Alerts analyze the main indicators of the stock market’s behavior, focusing on the S&P 500 index of the New York Stock Exchange. The trader can take positions on index futures, ETFs or options. Each position will have its own target profit level and a point at which it should be closed with the smallest possible loss (stop-loss level) while maintaining a favorable risk/reward ratio.
Paul Rejczak is a stock market strategist who has been known for the quality of his technical and fundamental analysis since the late nineties. He is interested in forecasting market behavior based on both traditional and innovative methods of technical analysis. Paul has made his name by developing mechanical trading systems, and is the author of Sunshine Profits' Stock Trading Alerts and Daily Gold News.