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April 5, 2019
Market Outlook. A five year chart of the S&P500 shows almost an uninterrupted rally into 2018. A triple top is being made against previous highs of last September has some analysts concerned. The last time we tested these highs we followed with big declines. He expects we will make new fresh highs before the summer begins, which could lead to another bullish phase. A break below 2700 is worrisome.
Market Outlook. A five year chart of the S&P500 shows almost an uninterrupted rally into 2018. A triple top is being made against previous highs of last September has some analysts concerned. The last time we tested these highs we followed with big declines. He expects we will make new fresh highs before the summer begins, which could lead to another bullish phase. A break below 2700 is worrisome.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.