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Are cracks starting to appear in the bull market rally?
Portfolio manager Lance Roberts thinks so. His technical dashboard is now showing sell signals as volatility is increasing and the S&P has broken beneath its 20 Daily Moving Average.
Next week should be telling. If the S&P rises and closes back above its 20 DMA, that should mean the bull trend is intact.
But if not, and the 20 DMA becomes resistance instead of support, that’s a strong sign the rally is cooked for now.
We discuss this, as well as the latest hard-to-believe blowout jobs report, the recent jawboning by Fed officials, bond yields, banking system risk, gold and oil.
For everything that mattered to markets, watch this week’s Market Recap featuring Lance Roberts.
#bullmarket #volatility #jobsreport
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