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WALL STREET CRAPS STOCK MARKET STRATEGY – SEPTEMBER 27, 2015

September 27th, 2015

craps front coverSTOCK MARKET STRATEGY FOR SEPTEMBER 27, 2015: The stock market is moving closer to another oversold condition as it aims to retest the August lows. Historically, early October is a time in the stock market cycle where bottoms commonly occur. But this time, that bottom may come a little earlier. Stay ready and willing to take new long positions on weakness in the coming two weeks.

Key underlying short-term market indicators show the following:

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THE BOTTOM LINE: The internal indicators are close to flashing oversold buy signals marking the end of this current correction. The next oversold condition near the retest of the previous lows may be an important intermediate buying opportunity. Sentiment is again starting to shift too far to the negative side. Anticipate a short sharp decline on obvious bad news to create the backdrop to the next signal to buy. Top non-leverage buying candidates based on liquidity, diversification, and performance include:  QQQ and DIA

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