Home > Uncategorized > WALL STREET CRAPS STOCK MARKET STRATEGY MAY 7, 2020

WALL STREET CRAPS STOCK MARKET STRATEGY MAY 7, 2020

May 7th, 2020

STOCK MARKET STRATEGY FOR MAY 7, 2020: The stock market has been hovering in a tight trading range for the last couple of weeks. During this time, a few of the internal oscillators have come down to the “oversold” range. That brings the possibility of a short-term bottom in 2 to 3 trading days if the trend continues down. But be careful of a potential crash, too.

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The stock market is approaching a possible short-term buying opportunity as the internal indicators move down to oversold readings. But a trader must be careful not to jump the gun since there could be a downside break with momentum or a possible mini-crash.

Be Sociable, Share!
Comments are closed.