Saxo Group Videos

Videos Channels Search

Berger: US equities to reach record highs

Serge Berger, better known as The Steady Trader, believes that the S&P 500 could be positioned to post a record high in May. The stock market in the US has been trading sideways for the past several weeks, only posting a gain of 1.7 percent so far this year, as investors continue to utilise the FED’s movements as a catalyst for moves into either positive or negative territory. After Friday’s nonfarm payrolls data reported a 232,000 gain in the month of April, equities surged due to the fact that this number wouldn’t alter the FED’s timeline for raising rates. The S&P 500 however has been defiant in its rally according to Serge, who says that the line of resistance at 2,120 has capped the indices gains. This line of resistance’s hold on the S&P has weakened as seasonal and technical factors enter the market.

Historical seasonal trends suggest that there could be more upside potential for the S&P 500 throughout the month of May. Additionally, bearish momentum appears to be waning based on the recent strong bullish reversals on the weekly chart. Based on this information, Serge is looking to buy the S&P 500 at 2,120 with a target of 2,150. His stop loss for the trade is at 2,100.

Join the conversation below to be a part of the social trading experience.

Non-independent investment research disclaimer

Full disclaimer

01:47 minutes
Tags: equities, equities prices, equities saxo, equities strength, equities trading, equities v bonds, equity, equity bubble, equity correction, equity index, equity market, equity market 2015, equity markets, equity platform, equity portfolio, equity portfolios, equity research, equity rise, equity strategy, equity trading, equity us, investing, investment, investment strategy, investments, investors, record highs, record stocks, s&p 500, s&p 500 gains, s&p 500 record high, saxo, saxo bank, saxo bank equities, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxotrader, saxotv, social trading, sp 500, sp 500 record high, stock, stock market, stock markets, stock picks, stock price, stock prices, stock trading, stocks, stocks markets, stocks to watch, trade, trade idea, trade ideas, trade view, trader, traders, traders tale, traders tale saxo tv, trades, trading, trading floor saxo tv, trading fx, trading idea, trading platform, trading risks, trading strategy, trading techniques, trading tips, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom, us, us banks, us budget, us data, us dollar, us dollar index, us dollar index bullish, us economic data, us economy, us economy gdp, us equities, us fed, us federal reserve, us federal reserve monetary policy, us federeal reserve, us gdp, us government, us growth, us job data, us jobs, us jobs data, us jobs market, us jobs reports, us non farms, us non-farm payrolls, us nonfarm payroll, us rates, us recovery, us stock market, us stocks, us unemployment, usd

Switch to