Well, we’re waiting.
Stocks remain in a tightening range between SPX 4,330 and 4,540, and a stock breakout in either direction should determine the direction for the remainder of the year.
It’s starting to turn into a pretty good battle between the Bulls and the Bears, and at this point, could go either way. We suggest keeping the powder dry until the market shows itself, as the eventual stock breakout could be significant.
The views expressed represent the opinion of Good Life Asset Strategies, LLC. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness.
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