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WALL STREET CRAPS STOCK MARKET STRATEGY SEPTEMBER 7, 2019

September 7th, 2019

craps front coverSTOCK MARKET STRATEGY FOR SEPTEMBER 7, 2019: The stock market just broke above its most recent tight trading range on optimist news about a possible China trade deal. But the internal indicators suggest that the market is overbought and a correction is due with a possible target low around September 11th – the anniversary of 9/11/2001. This may be a good time to lighten up on positions over the short-term with a decent chance of a hard spike down in the coming week.

Key underlying short-term timing indicators show the following:

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THE BOTTOM LINE: The stock market has made a significant rally on obvious good news about a China trade deal. But the overbought condition makes the short-term market one that could be bumpy and volatile. This may be an opportune time to take some profits and be ready for better odds over the shorter term.

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