BCA Says Runway Clear For Stock Market Breakout To Upside, But Watch Yields Closely

As the S&P 500 is nearing the “top end of its range,” two courses of action could take place. The US large cap benchmark could stall and mean revert, or – to the delight of market bulls – it could  mean a Stock market breakout. BCA Research is in the latter camp, thinking a “playable breakout looks increasingly probable,” but “the exact timing is difficult.”

Stock market breakout - Goldilocks moment?

In active trading, it is not just getting a market call correct that matters. The timing of a prediction is critical and sometimes considered a more difficult component of the overall thesis. It is here, against tightrope act, that BCA weighs in with a May 1 report “Girding For...