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WALL STREET CRAPS STOCK MARKET STRATEGY AUGUST 22, 2020

August 22nd, 2020

craps front coverSTOCK MARKET STRATEGY FOR AUGUST 22, 2020: The stock market is hovering near its all-time highs in many indices. But the real strength has been in large tech companies like Apple, Google and Amazon. I suspect there will be one more rally coming soon since some indicators are showing “oversold” reading today.

Key underlying short-term timing indicators show the following:

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NYSE McClellan Summation Index: This key trend indicator broke below its 15-day moving average on Friday which has been an early sell signal in the past.

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