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WALL STREET CRAPS STOCK MARKET STRATEGY SEPTEMBER 23, 2017

September 23rd, 2017

craps front coverSTOCK MARKET STRATEGY FOR SEPTEMBER 23, 2017: The stock market is at the top of its price range with a few of the internal indicators in overbought territory. But other indicators show neutral readings which still allows the market to go in either direction with equal likelihood. This is one of those times where it’s probably most prudent to lighten up on over-extended positions and wait to add when the next oversold condition presents itself.

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The Fear/Greed Index is currently reading “Greed” after being in the “Extreme Greed” range for a few days last week. Many times this means that this indicator will traverse itself from an “Extreme Greed” reading back down to an “Extreme Fear” reading. But most of all, this index is saying that this is not a good time to be buying. The next week should be interesting as the general market may be setting up for an October Crash. Stay alert!

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