In this week’s video we’ll review a checklist for a market bottom and look for signs of bottoming or breaking down. We’ll look to the 2011 correction for striking similarities and clues about the late 2018 correction.
There’s a saying that the market takes the stairs up and the elevator down. Last year felt like an escalator and this year we’ve taken the elevator down twice. This week we’ll look at the mechanics of downside momentum, the health of the long term trend, the bounce and where we might go from here.
In last week’s video we discussed the potential for short term volatility and examined the long term trend. The market is in a bit of an air pocket as we wait for the start of earnings season with little to focus on other than rising rates. In this video, we’ll take another look at a likely path for the markets in the short term and take another look at the long-term trend. We’ll also answer the question, Will Rising Rates Sink the Stock Market?
In this week’s video we’ll look at the road map to 3,000 in the S&P and 300 in the SPY ETF, along with peaks and potholes that mark the way. In particular we’re going to look at whether slowing momentum is signaling a market peak. We’ll take a trip back to 1954 to compare a similar peak in momentum to today.