4 reasons why bulls will shatter stock market ceiling - Yahoo Finance
Here is a very good article about why the stock market will eventually go higher. A chief market technician cites technical analysis to come to this conclusion. When the stock market repeatedly bumps overhead resistance without drawing back too far, stocks will most likely break through to the upside.
In addition, as I have said many times, as long as the economy is doing okay, stocks will rise. I often check Federal Reserve information to verify the health of the economy. The negative on the market going higher is that stocks will not go up significantly. So, you need to pick the best stocks for a reasonable gain along with owning stable dividend stocks. I own the healthcare ETF, XLV, and it has gained around 26% in the past 12 months. Healthcare will also continue to go up with aging baby boomers needing more and more drugs.
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