Should you invest in BAC, or even more generally, banks right now? No. BAC is likely going to come down. If we look at its scatter plot chart below we can see more clearly the likely trajectory here: Touching that linear line is almost a guaranteed IMO, which is a price point in the mid 30s. I also expect it to come to or at least close to that...
Don't be Surprise if the #NASDAQ Composite | $IXIC collapses!
Longer term into the end of next year the TSX is attractive for bulls. Currently the index may be as much as 6% over the average analyst year end target. Were the analysts too conservative in their 2016 year end forecast? With the fall historically being bearish for markets and oil, a significant pullback ahead seems reasonable. S&P/TSX Composite...
According to investing.com, the average of 27 analysts polled in April shows year end target forecast of 13550. Weekly RSI is approaching 60, with the upper weekly bollinger band starting to level off. Technically the chart appears to indicate the price trend is now towards the upper side of the trading range and offering a less attractive 'risk-reward' ratio...