US Stocks: Positive Expectations Following Last Week's Rebound
Briefly: In our opinion, speculative long positions are favored (with stop-loss at 1,900, and profit target at 2,020, S&P 500 index) Our intraday outlook is bullish, and our short-term outlook is bullish: Intraday outlook (next 24 hours): bullish Short-term outlook (next 1-2 weeks): bullish Medium-term outlook (next 1-3 months): bearish Long-term outlook (next year): bullish The U.S. stock market indexes gained between 1.2% and 1.8% on Friday, as investors reacted to economic data releases. Our Friday's bullish intraday outlook has proved accurate. The S&P 500 index broke above its recent short-term consolidation. The nearest important resistance
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