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WALL STREET CRAPS STOCK MARKET STRATEGY JUNE 15, 2019

June 15th, 2019 Comments off

craps front coverSTOCK MARKET STRATEGY FOR JUNE 15, 2019: The stock market was overbought in all 5 internal indicator by midweek and are all trending down in the same pattern as of this weekend. This setup could lead to a buying opportunity by the end of the coming week if all 5 indicators continue on their current path. We haven’t seen this clean a pattern in awhile so be ready to take trading positions as early as this coming Friday.

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The stock market has a very clean top with almost identical charts in all 5 internal indicators. This is confirmation of a short-term trend change with a move across the channel to a corresponding “clean” bottom in all 5 internal indicators. That would be the desired outcome, but rarely do these things line up so cleanly. But if they do, we may have a nice trading bottom forming by the end of this week or the beginning to next week.

WALL STREET CRAPS STOCK MARKET STRATEGY JUNE 2, 2019

June 5th, 2019 Comments off

craps front coverSTOCK MARKET STRATEGY FOR JUNE 2, 2019: The stock market is oversold in two out of the five internal indicators. Any weakness on Monday or Tuesday should be considered a short-term buying opportunity. Expect this bottom to be a tricky one to catch (like they all are) and be prepared to buy early rather than be left back at the station. (Note: This was supposed to have been posted on Sunday night but was delayed due to a personal emergency.) 

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The stock market is oversold enough to begin looking to accumulated broad-based stock positions. The trickiest scenario would be for the market to open higher on Monday and force traders to buy into strength rather than weakness.