Back to top

Real Time Insight

The choice of topic for today was easy. After hitting a new record high of 1709 back in early August we have been trending lower. And much of that time has been spent below the 50 day moving average (now at 1665). 

The reasons for this consolidation / mild correction are many. 

1) Profit taking after long bull run. 

2) Concerns about Syria

3) Concerns about QE Taper

4) Concerns about Debt Limit

5) Concerns about Slowing Earnings Growth

And for some people it is "All of the Above". 

So is Monday's move back above the 50 day moving average a sign of a new upward leg for the bull market? Or is it a false alarm and we head back under the 50 a while longer? 

What say you on the matter? And what is your rationale? 

Share it all in the comments section below. 

Just Released: 5 Stocks to Double

Today, you are invited to download a free Special Report from Zacks Investment Research. It reveals five moves that could gain +100% and more in the next 12 months:

One is The Next Great Innovator that looks to change the direction of our entire economy. Another is a recent IPO that already built a fortress in its segment. Still another, a small cap, has racked up 7 straight positive earnings surprises.

Close This Panel X

Please login to or register to post a comment.