(10/12/21) Monday's sell-off took the market back to the 100-DMA, so markets continue to hold support. There are two bullish signs to note: Money flow buy signals are back in place, and money flows are trying to improve. The MACD buy signal is present, but just barely. It's critical markets hold the 100-DMA at least through the end of the week, and to get the bull market back, will need to advance above the 50-DMA. Will earnings be strong enough to give a lift to the markets? This time around, corporate outlook will matter--even more than earnings results. There's a lack of fiscal liquidity coming into the markets, concerns over the debt ceiling, and the Fed going to taper--there is much to hamper a rally for the markets. We're seeing longer-term sell signals in place, which could be indication of a greater correction to come. And with so many headwinds in place, it would not be a surprise to see earnings come in less-than expected. - Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts -------- Articles mentioned in this report: https://realinvestmentadvice.com/technically-speaking-is-the-risk-of-a-bigger-correction-over/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- 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/ #MoneyFlowSignals #CorporateEarnings #EarningsOutlook #InterestRates #PortfolioRebalancing #SpendingBill #MarketLiquidity #Stocks #Trading #Rates #Money #Markets #Finance |
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