Saturday, July 31

Bear Market

50-DMA, Bear Market, Markets, MI Exclusive, moving average, s&p 500, stock markets, stock technicals, Stocks

Stock market technicals point to’near-term turmoil’ but not the start of a bear market, says CFRA

The number of stocks trading in uptrends has been shrinking. JOHANNES EISELE/AFP via Getty Images Technical indicators suggest US stocks are heading into a more challenging environment, CFRA says. Fewer stocks have been trading above their intermediate-term moving averages. Yet, it is unlikely that stocks are preparing to enter into a bear market. See more stories on Insider's business page. The US stock market has been steadily hitting record highs this year but some technical indicators suggest it's set to run into a more challenging and volatile period with fewer stocks sustaining an upward pace, according to research firm CFRA.Equities early Thursday were under pressure on a mix of concerns including worries about global economic growth with many countries battling the spr...