Home > Stock Market Strategy > WALL STREET CRAPS STOCK MARKET OBSERVATIONS – APRIL 19, 2015

WALL STREET CRAPS STOCK MARKET OBSERVATIONS – APRIL 19, 2015

April 19th, 2015

craps front coverSTOCK MARKET OBSERVATIONS FOR April 19, 2015: The stock market challenged the previous highs on Thursday before dropping into the end of Friday’s session. What looked like a breakout to the upside is now threatening to be just the opposite – a breakout to the downside. But most of the internal indicators are approaching oversold levels. These indicators tend to be a couple of days early so that a trading bottom appears to be more than a week away at best. This is a time in which a smart market player waits for a deeply oversold bottom before committing any funds.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: Be ready for a short-term bounce on further weakness during Monday’s or Tuesday’s session. You can take small bets on the following leveraged broad-based ETFs for fast money: SSO, DDM, QLD.

Otherwise, it is best to wait for oversold readings in the Full Stochastics Indicators for the DIA, SPY, QQQ, and IWM Exchange-Traded Funds which are just now beginning their decent downwards.

 

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