As Pete watches the weekly S&P 500 rallies, he notices they’ve been stalling and somewhat back-filling. The S&P has been moving up, but is definitely testing its resolve around the 4100 level that everyone has been calling out. In this week’s edition of StockCharts TV‘s Halftime, Pete explains that, for him, the real number to watch is 4175. He also highlights his Chaikin article, “How to Profit When Wall Street is Late to the Party.”
This video was originally broadcast on February 13, 2023. Click on the above image to watch on our dedicated Halftime by Chaikin Analytics page on StockCharts TV, or click this link to watch on YouTube. You can also watch on our on-demand website, StockChartsTV.com, using this link.
New episodes of Halftime by Chaikin Analytics air Mondays at 1:15pm ET on StockCharts TV. You can view all previously recorded episodes at this link.
Pete Carmasino is the Chief Market Strategist at Chaikin Analytics.