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The Chartman

Is the Sideways Market Over?

The ChartmanFOXBusiness

I’ve been talking about the market moving sideways for weeks, but maybe – just maybe – that’s over.

You’ll note the tiny move above resistance a few days ago, and that move has held. No big upward thrust yet – that’d be ideal – but as long as the market holds above support (formerly resistance), the bulls can breathe a bit easier.

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Apple (NASDAQ:AAPL) has been going to gangbusters.  Time to buy?  Be patient.

Every year about this time, Warren Buffett rears up and dominates the financial press. I admire him as much as the next guy, but his stock? It’s moving sideways and has yet to break out. Wait for that break if you’re interested in owing Berkshire Hathaway (NYSE:BRKB).

Back next week to root for any temperature in the double digits.

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