TheStreet Pro Podcast #73 - Bob Lang, the S&P 500, market breadth, and Q&A

 

On this edition of TheStreet Pro Podcast, Chris Versace is joined by the person responsible for the technical look at the Portfolio and the market, 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 5,500-5,600 in the coming weeks. Bob explains how he looks at market breadth as well as shares 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.