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Stocks are breaking out and look set for new highs, says this chart

July 23, 2018

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The stock market is kicking off this earnings-heavy week by sizing up President Trump and Iran’s war of words, as trade tensions also stay in the mix. Our bullish chart of the day basically says get ready for new highs for the S&P 500.

With 20%+ earnings growth baked in, the drama for tech this quarter will be in the forecasts

As tech companies continue to dominate Wall Street, with four now standing alone with valuations of more than $800 billion, gigantic growth is priced in and expected.

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