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Jim Wyckoff

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U.S. stock indexes wobbling

May 13, 2021 by Jim Wyckoff

The equities bulls are on the ropes following this week’s strong selling pressure that has negated near-term price uptrends on the daily bar charts for the U.S. stock indexes, which is a technical clue the indexes have put in price tops. Traders and investors are pondering the old trading adage, “Sell in May and go away.” A hot U.S. consumer price index report on Wednesday has spooked the marketplace and further stoked notions that price inflation could get out of control down the road. Stay tuned! Jim

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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