Markets are ripe for reversal: analyst
As the Dow and S&P hit new milestones, Thomson Reuters Stocks Buzz analyst Terence Gabriel says the charts show signs stocks are overheated and losing energy while investors are complacent.
![Reuters logo](/images/reuters.jpg)
Market Closed - USA 05:14:06 2024-07-05 pm EDT | 5-day change | 1st Jan Change | ||
39,376 PTS | +0.17% |
|
+0.66% | +4.89% |
Jul. 07 | Wall St Week Ahead-Earnings season to test hopes for broader stocks rally | RE |
Jul. 05 | Megacaps power S&P, Nasdaq to record closing highs | RE |
As the Dow and S&P hit new milestones, Thomson Reuters Stocks Buzz analyst Terence Gabriel says the charts show signs stocks are overheated and losing energy while investors are complacent.
Highest Dow Jones Industrial increases |
|
---|---|
+2.64% | |
+2.53% | |
+2.14% | |
+1.47% | |
+1.22% |
The sharpest declines in Dow Jones Industrial. |
|
---|---|
-0.68% | |
-0.89% | |
-1.23% | |
-1.33% | |
-1.53% |