Important test of key support levels continues. The S&P 500 is under a major level, however the NASDAQ is holding above its similar level. The S&P 500 experienced distribution again today, but the NASDAQ narrowly avoided a day of professional selling. It remains prudent to keep risk exposure reduced. Investors still need a meaningful catalyst to drive prices higher. The market needs an up move ASAP or sellers will overwhelm buyers soon. Two things to watch closely: a major infrastructure bill to be introduced by the Republicans and the looming U.S. debt-ceiling deadline.
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The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice.
©2017 Triumphant Portfolio Management, LLC.
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