by Lance Roberts
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| (5/17/22) Stocks are looking to open sharply higher following yesterday's consolidation and advance. This makes three "green" days in a row, providing more lift to markets in the short term. Our initial target on SPY is still 416--at the 20-DMA, the first level of resistance, and also part of the current downtrend. The next level up will be 430 or 431. We will want to use any rally to dell into and reduce risk. If markets are able to break out of the down channel, we can always put cash back to work. Money flows and over-sold positions suggest this rally has some legs to stand on. Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketRally #Consolidation #SPY #RiskReduction #Markets #Money #Investing |
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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