Technical Analysts Are Warning That This Stock Rally Is Not Going to Last
UBS AG warns clients to take profits now.
U.S. Stock Turnaround: Is Stability Here to Stay?
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U.S. stocks are up a stunning 12 percent from their February depths, yet plenty of doubts persist about the strength of the recent rally.
Some have attributed the recent increase to a need by investors to buy equities to cover so-called short positions. Others have warned that corporate buybacks have pushed the market to unsustainable price levels. Meanwhile, technical analysts who look at charts to divine the direction of stocks have joined the doubters; some are urging clients to proceed with caution when it comes to U.S. equities.