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WALL STREET CRAPS STOCK MARKET STRATEGY SEPTEMBER 30, 2018

September 30th, 2018

craps front coverSTOCK MARKET STRATEGY FOR SEPTEMBER 30, 2018: The stock market is churning at a high consolidation area which neither good or bad. While it may seem like the market is overdue for a correction after this long rally, it still shows resiliency in the face of a mixed bag of political and economic news. With the three timing indicators set almost identically around the neutral reading of “50,” I’d expect the market to either correct into a short-term bottom or rally into resistance and a short-term top. But most of all, there is nothing to do right now.

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The Fear/Greed Index is currently reading 47 or “Neutral.” This makes the market within striking range of a quick move to “Extreme Fear” under 25 and a chance to a short-term tradable rally to participate in.

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