Here's When the Market Starts Powering Higher Again

Why are stocks moving sideways? It's the uncertainty... I'm sure of it. There's been a switch in the leadership of the market over the last month. That is to say, different kinds of stocks are driving it higher or lower. Small-cap, housing, and semiconductor stocks reigned supreme in February as they moved higher. But now, the market is being led by utilities, consumer staples, and real estate. Did you catch that leadership list? Do you know what they have in common? They are all defensive sectors - places investors go to hide it all away during (or before) a market correction. The confident up and down moves the major indexes had been making are now turning into a rather wimpy game of tug-of-war. We saw an advance in the S&P 500 all the way up to 2,850... only to see a quick reversal as traders shot into the market to take profits. That's a timid move that's put us in another technical battle with 2,800. Not great. Another contributor to the lack of direction? No catalysts. Think about it: A month ago we were still riding a wave of earnings results that helped pull additional monies into stocks. Daily "trade war" headlines provided a constant stream of fuel for the markets' fire, sending it higher and lower. In short, there was a lot more to look at if you were trading. So, is this a market that you walk away from? Not at all! And I'll show you why... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Here's When the Market Starts Powering Higher Again appeared first on Money Morning - We Make Investing Profitable .