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| (5/26/22) Good news for markets as they try to establish a bottom and set up for a counter-trend rally. Stock prices peaked in March, and since then have had a tough time. The MACD signal has been in a downward trend, applying downward pressure to pricing at the same time. Wednesday's rally triggered a MADC Buy-signal for the first time in 8-weeks. Markets have been stabilizing and forming consistent bottom levels. With the MACD signal in place, money flow signals turning positive, and markets still over-sold, these elements suggest the potential for markets to get a lift. The Big Question is, how much room does the market have before running into the next level of resistance? Because the upside is limited, playing any rally must be done with caution. Where will resistance levels be? Perhaps the 20-DMA trend line; the 50-DMA has a little more room to run up to the 4,200 level in the month of June. After that, the 200-DMA, which would lift markets to previous peaks we saw in March. As we move to these levels, reduce risk as these rallies offer the opportunity. 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/ #CounterTrendRally #MarketBottom 20_DMA #50_DMA #200_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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