Tesla and four other laggards should be avoided next year, this technical analyst says

Stocks seem stuck. The S&P 500 SPX has been wobbling within a 200-point channel for about a month. Market frenemy Jay Powell on Wednesday made sure with his hawkish stance that it didn’t challenge the top of that range.

Mark Newton, head of technical strategy at Fundstrat, reckons if the bounds were to break it’s more likely to the downside.


Source: https://www.marketwatch.com/story/tesla-and-four-other-laggards-should-be-avoided-next-year-this-technical-analyst-says-11671104168?siteid=yhoof2&yptr=yahoo