Home > Stock Market Strategy, Stock Market Timing > WALL STREET CRAPS STOCK MARKET STRATEGY APRIL 23, 2019

WALL STREET CRAPS STOCK MARKET STRATEGY APRIL 23, 2019

April 24th, 2019

craps front coverSTOCK MARKET STRATEGY FOR APRIL 23, 2019: The stock market hits oversold readings on Monday giving us a brief short-term buy signal. That signal proved to be a timely entry points for today’s strong rally. With the bottom being only a day ago, it is certainly possible for the market to continue its rally for several more days. This has certainly been a classic “climb the wall of worry” rally with no apparent reason to stop its climb especially with its most recent pause to refresh.

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The stock market registered a short term oversold bottom on Monday. While the market is hitting resistance near its old highs, the timing of yesterday’s bottom gives it lots of time to work itself higher.

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