Home > Stock Market Strategy > WALL STREET CRAPS STOCK MARKET STRATEGY MARCH 19, 2017

WALL STREET CRAPS STOCK MARKET STRATEGY MARCH 19, 2017

March 19th, 2017

craps front coverSTOCK MARKET STRATEGY FOR MARCH 19, 2017: The stock market is currently continuing its “bounce” off of a short-term oversold condition. This bounce has not been very strong and is approaching the “overbought” range. This suggests that the buying is not very strong and another round of declines will resume shortly. A better buying opportunity will likely present itself in the future, but when that will be depends on how oversold the market can become. In my opinion, this is a good time to be out of the market.

Key underlying short-term market indicators show the following:

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THE BOTTOM LINE: The Fear/Greed Index is currently reading “Neutral” after being in the “Greed” and “Extreme Greed” for several weeks. If it can continue to weaken into the “Extreme Fear” range, we could be in store for a good intermediate term bottom in which to buy into. But right now, it’s still anyone’s guess which direction we go and for how long. But at least, we are getting a correction from the rally that left most investors behind.

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