The S&P 500 (NYSEARCA:SPY) recorded another week of gains, leaving the index just over 4 percent off of its all-time highs.
And it’s likely it will make higher highs this year.
Why?
Several price-trend indicators are pointing higher.
And until we see some real technical trend damage, we’ll continue to remain constructive not the market.
In this week’s stock market video, we’ll provide an updated trend outlook on each of the major stock indices and show why current evidence is pointing to higher highs by year end.
Weekly Stock Market Video – July 8
Click play, then you can use the button in the lower-right corner of the video image to view in full-screen mode. Hit Escape (esc) to exit the full-screen mode.
Twitter: @CiovaccoCapital
The author or his clients may hold positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
