Expect Choppy Mkt Action for a While; GILD Looks Attractive

Well, it’s been a wild few weeks and a retest of last week’s lows appears underway. In last week’s note, I discussed the potential for an oversold bounce developing from support at 2855 on the S&P 500 index (SPX), coinciding with the 4Q19 lows and a 50% retracement of the 12/2018-02/ 2020 rally. One week later, the SPX is in the process of retesting that important support level.

I’d like to be able to say that a successful retest/bottom is taking place, but there is insufficien...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Trending tickers in our research

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In