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| (9/12/22) Markets last week rallied off support, and are now positioned to move higher with a little pain: There is a rising bullish trend line, continuing the pattern of higher lows since the July bottom. However a corresponding, declining trend line that runs right along the 200-DMA is forming a wedge which will create a short term challenge for markets. A rally to the declining trend line is the most logical course, with short term buy signals emerging and oversold indicators not yet turning to overbought, providing some fuel for markets to move higher. However, a break below the rising trend line would bolster the bearish sentiment, particularly since markets have not factored in the possibility of slower economic growth, slower earnings growth, and an earnings recession potential. Higher rates have not yet impacted the markets as Fed rate hikes continue. 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/ #InvestingAdvice #MarketRisingTrendLine #PainTrade #200_DMA #100_DMA #50_DMA #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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