Contextually, their target of
4,000-4,150 is in alignment with the .618 fib at 4,000 &
change, the 4,110 gap, and possibly into that larger supply zone
over time. Notable that they have been one of the most bearish
firms over the years of the more known ones.
Understand their premise - simply a relief rally while on the
earnings front things continue to be pressured n the out months.
The question is when does reality hit?
Let's see if JP helps extend that window or nails it shut on
Wednesday
Stocks still have room to
Posted by fundamentalvalues on 31st of Oct 2022 at 08:26 am
Stocks still have room to run before earnings reality hits - Morgan Stanley:
https://seekingalpha.com/news/3897665-stocks-still-have-room-to-run-before-earnings-reality-hits
Contextually, their target of 4,000-4,150 is in alignment with the .618 fib at 4,000 & change, the 4,110 gap, and possibly into that larger supply zone over time. Notable that they have been one of the most bearish firms over the years of the more known ones.
seekingalpha.com
Stocks still have room to run before earnings reality hits | Seeking Alpha
The stock market can keep rising in the short term with the inflation peaking and money supply falling sharply, Morgan Stanley says.
Posted by brophy on 31st of Oct 2022 at 09:02 am
Understand their premise - simply
Posted by steve on 31st of Oct 2022 at 08:34 am
Understand their premise - simply a relief rally while on the earnings front things continue to be pressured n the out months. The question is when does reality hit?
Let's see if JP helps extend that window or nails it shut on Wednesday
It will be interesting to
Posted by fundamentalvalues on 31st of Oct 2022 at 08:43 am
It will be interesting to see what happens this week. Here are the gaps (round numbers):
Downside gaps: 3,807, 3,797, and 3,583
Upside gaps (first two): 4,110 and 4,228