by Lance Roberts
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| (5/12/22) Markets remain under pressure after April CPI numbers show hotter-than-expected inflation. But looking at longer-term charts can give a better understanding of where we've been...and where we're going. Are we over-bought, or over-sold, and where is the downside risk, and where is the potential support, moving forward? The S&P is currently 3-standard-deviations below the 50-week Moving Average, and money flow indicators are also over-sold. With the Fed remaining in a tightening mode, any reflexive rally will be limited. The NASDAQ is similarly deviated to the downside of its 50-week Moving Average, as well as over-sold now as much as it was in March 2020, as the Fed was reversing itself in terms of QE (which set up for a nice rally); we don't have that, yet. Cryptocoins are also coming under a tremendous amount of pressure; Bitcoin, Ether, and others, have all become high-beta trades in the markets. Oversold position indicate we could be seeing a tradeable rally, and if so, that would be a good place to take some profits. 0:43 - S&P 50-week Moving Average analysis 3:08 - NASDAQ 50-week Moving Average analysis 4:09 - Cryptocurrency analysis 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/ #MarketBottom #Inflation #Cryptocurreny #Bitcoin #CPI #FederalReserve #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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