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WALL STREET CRAPS STOCK MARKET STRATEGY SEPTEMBER 7, 2020

September 6th, 2020 Comments off

craps front coverSTOCK MARKET STRATEGY FOR SEPTEMBER 7, 2020: The stock market had a fresh break to the downside this past week. Could this be the long-awaited correction that will take us into October? Or will this simply be a “dip” to buy for another rally to new all-time highs. The NYSE McClellan Summation Index reading tells us to be very careful here – things can change quickly in this environment.

Key underlying short-term timing indicators show the following:

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NYSE McClellan Summation Index: This key trend indicator remains below its 15-day moving average with a chance of expanding to the downside. Because of this indicator, a trader/swing trader should be very careful about waging too much capital on a long-side bet.