From a weekly perspective, markets have remained on a bullish uptrend since the lows of March; money flow indicators are positive on a weekly basis, suggesting more upward bias in the short term. However, what's concerning is the extension between the 50- and 200-week moving average, what are really extended now. Big deviations tend to lead to short-term corrections in the market. We're looking for more of a correction in the Summer; over-bought conditions are at levels indicating prime time for a catalyst for correction. 3 Minutes On Markets & Money hosted by Lance Roberts, RIA Advisors Chief Investment Strategist _________ ➢ Sign up for the RIA Newsletter: https://realinvestmentadvice.com/newsletter/ ➢ Listen to the show daily on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-real-investment-show-podcast/id1271435757 ➢ Sign Up for RIA Pro. Analysis, Research, Portfolio Models, and More. Try Our 30 Day Free Trial: https://riapro.net/home ➢ Subscribe to our Youtube Channel: www.youtube.com/c/TheRealInvestmentShow _________ ➢ Financial + Tax Planning Survival Guides (Free Download): Your must-have finance and tax planning strategies in unprecedented times: https://realinvestmentadvice.com/financial-survival-guides/ _________ Upcoming Events: ➢ 4/10/21 8am: Candid Coffee - Financial Spring Cleaning A live webinar where we answer YOUR questions about money, retirement, risk-management, and how to protect your household against financial vulnerability. REGISTER: https://attendee.gotowebinar.com/rt/8951325785758668555?source=YouTube _________ GET IN TOUCH: Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN SOCIALS: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #3MinutesOnMarkets&Money #LanceRoberts #StockMarket |
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1 comment
Jessica deBen
2021-04-07 at 14:39 (UTC 2) Link to this comment
Very helpful!