WALL STREET CRAPS STOCK MARKET STRATEGY APRIL 5, 2025
The stock market is in full crash mode with back-to-back -5% moves on Thursday and Friday. This sets up a possible bottom for Tuesday, Wednesday or Thursday of this coming week with an intermediate top most likely coming in May. Walter Deemer, the esteemed stock market veteran, wrote, “When it’s time to buy, you won’t want to.” And that’s how it will feel next week when the market searches for a tradable bottom below the $SPX 5000. The real question is exactly how far below $SPX 5000 does it go? Maybe 4800?
Key underlying short-term timing indicators show the following:
- NYSE McClellan Oscillator – Ultimate Indicator – 34 (neutral)
- Nasdaq McClellan Oscillator – Ultimate Indicator – 32 (neutral)
- Volatility Indicator – Ultimate Indicator – 17 (oversold)
- Risk On/Off Trend Indicator – Full STO Indicator – 19 (oversold)
- NYSE Advance/Decline Oscillator – Ultimate Indicator – 27 (oversold)
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NYSE McClellan Summation Index: This index’s oscillator has a current reading of 26. This indicates that a bottom is in this area, but it is unclear how long it will stay in this area.
Fear/Greed Index: This popular indicator is in the “Fear” territory with a reading of 4. It rarely gets this low and when it does it only stays in this area for a day or two. Based on this indicator alone, a tradable bottom will be at hand next week.