PODCAST: Bob Lang on Why Technicals Matter, His Favorite Indicators and More
The portfolio's technician joins Chris to discuss the importance of market breadth, why 'Sell in May and Go Away' could be different this year and answer member questions!
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On this edition of TheStreet Pro Podcast, Chris Versace is joined by the person responsible for the day-to-day technical analysis at the portfolio, Bob Lang.
Their conversation starts with the April Retail Sales and Consumer Price Index reports but then morphs into a discussion of market breadth and why the S&P 500 could reach 5500-5600 in the coming weeks. Bob explains how he looks at market breadth and points out a few of the indicators, like the McClellan Oscillator, that he closely watches.
The two tackle the Wall Street saying “Sell in May and Go Away,” discussing why that could be different this year. We also get Bob’s answers to some member questions plucked from the Forum.
