by Lance Roberts
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| (7/18/22) Earnings season gets underway in earnest as most S&P 500 companies report; the Big Question is whether analysts have adjusted estimates enough--or are there more disappointments ahead? Forward-looking outlooks will be a big driver of prices. Two bullish indicators to note: Downtrend market channels established in March could be breached to the upside today; the 50-DMA is important resistance. Watch for the development of a counter-trend rally to entice buyers back into the market. If earnings come in at or better-than-expected, AND forward guidance isn't terrible, we could see a fairly strong counter-trend rally. 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/ #EarningsSeason #MarketDowntrend #ForwardGuidance #50DMA #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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