Archive

Posts Tagged ‘Tags: investing’

WALL STREET CRAPS STOCK MARKET STRATEGY SEPTEMBER 11, 2021

September 11th, 2021 Comments off
craps front cover

The stock market appears to have topped out over the shorter-term on September 2nd. Since that time, the market has been trending downwards towards a possible bottom in mid-September. Recent bottoms have occurred on July 19th and August 19th which were 23 trading days apart. If that same pattern were to repeat itself, then the next bottom would be between September 19 and September 22. So be ready for a quick trade to the upside if the conditions for a bottom look worth risking.

Key underlying short-term timing indicators show the following:

***********

Fear/Greed Index: This popular indicator is in the “Fear” territory with a reading of 34 after being in the “Neutral” and “Greed” zone for the past two weeks. The best buy signals on major corrections have occurred when the reading gets below 10. But a minimum reading of 25 would be required for a short-term bottom worth trading.

WALL STREET CRAPS STOCK MARKET STRATEGY FEBRUARY 4, 2019

February 5th, 2019 Comments off

craps front coverSTOCK MARKET STRATEGY FOR FEBRUARY 4, 2019: The stock market has continued its strong, broad-based rally from the Christmas lows by going practically straight up. But now is the time for a correction of this rally (most likely starting after the State of the Union address Tuesday) and based on the momentum, I’d expect it to be more of a sideways, stalling decline than a steep drop which serves the purpose of chewing up time. But a good buying opportunity will likely arise from the next oversold reading.

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The market may be setting itself up for a decline starting after Trump gives his State of the Union speech. This correction may not amount to a lot of points to the downside, but I’d be a buyer on the next oversold bottom. I think that the December lows were an important pivot point for this market and a continuation of the Bull Market.