The Dow Jones and S&P 500 may rise as retail traders turn bearish on Wall Street. Both indices are carving out Ascending Triangles, with breakouts opening the door to further gains. Get your market update from ddubrovskyFX here:
The Dow Jones and S&P 500 are on course for the best month this year so far. But, before you get too excited, it has been a dismal year for equities. Despite this, retail traders have remained predominantly bullish, perhaps eager to anticipate the turning point.
IG Client Sentiment is a tool you can you to gauge retail trader positioning. It also tends to function as a contrarian indicator. Now, it seems traders are increasingly turning bearish on Wall Street. Is this a sign of more gains to come from stocks? To learn more, check out the webinar recording above.shows that about 45% of retail traders are long the Dow Jones. Since the majority of investors are now short, this suggests that prices may continue rising. Downside exposure has increased by 11.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow Jones Technical Analysis: Index Going GreenThe DowJones Industrial Average jumped up during its recent trading at the intraday levels to achieve gains in its last sessions by 2.43%.
Read more »
Stock Market Today: Dow Rallies as Corporate Earnings Roll in By Investing.com*STOCKS SOAR ON TURNAROUND TUESDAY AS DOW SCORES BEST DAY IN MORE THAN 3 WEEKS -
Read more »
Stock Futures Edge Higher Following Dow Rally, Better-Than-Expected Netflix EarningsStocks edged higher in after-hours trading Tuesday following a rally during the regular session.
Read more »
Dow ends around 750 points higher as equities extend bounceStocks rose sharply Tuesday in a broad rally, gaining ground as investors focused on earnings and guidance as equities extended a bounce from their June lows. The Dow rose around 754 points, or 2.4%, to close near 31,827, according to preliminary figures.
Read more »
Dow rallies more than 700 points in rebound as traders bet that the bottom is inStocks rallied Tuesday, with the market resuming a bounce from last month’s lows, as traders bet on strong corporate earnings, and wagered that markets found a bottom. The Dow jumped 754.44 points. The S&P 500 gained 2.76%. The Nasdaq popped 3.11%.
Read more »
How Indiana Jones and the Last Crusade saved my life | Digital TrendsStevenSpielberg's IndianaJones and the Last Crusade is not only a great action film, but also a moving story about fractured families that offered kids hope.
Read more »