by Lance Roberts
My articles My offerMy siteAbout meMy videosMy books
Follow on:TwitterSeeking AlphaFacebookAmazon
| (5/19/22) Target and Walmart's warnings about future earnings pulled the rug out from under stocks Wednesday, essentially reversing all of the previous gains, going back to last week. The data suggests a recession is near, if not already here. (We raised cash in anticipation of the worst.) The current level of resistance will be important for markets to break above in order to get the rally back on track. Negative money flows have improved, providing a glimmer of hope for investors. The S&P has been down for the past 7-weeks--8-weeks for the Dow--providing more seller pressure, and feeding seller-exhaustion. Could markets move lower from here? Yes. In fact, markets will open down following yesterday's extensive sell-off, which is not too surprising. It is important that markets hold intra-day lows from last week--down into three-standard-deviation territory. If those hold, it will set up a double-bottom, and there's plenty of resistance at the 20-DMA. Near-term, there are not a lot of positive catalysts to sustain that upward movement--so there still remains definite risk to the downside. 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/ -------- Watch the video version of this report by subscribing to our YouTube channel: &list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 ------- 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/ #MarketRally #Target #WalMart #Disinflation #Consolidation #SPY #RiskReduction #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.
Tags: Featured,newsletter
3 pings