Stocks are weak, tired, and ready to go.
The market has been increasingly relying on just a handful of large cap Tech Names (AAPL, AMZN, etc.) to prop it up. Without these key plays, the overall market is in fact DOWN.
If you want to get a sense of where stocks are heading, consider the number of S&P 500 companies that are trading above their 50-day moving averages. In the past two years, when this blue line spikes, it’s “pulled” the overall market higher.
As you can see, this is no longer the case. In fact the blue line is rolling over aggressively, telling us that “internally” the market is very weak.
This is a major warning to stock investors to be extra careful. Now more than ever is a time to be nimble and preparing to make money from a market “event.” The Election rally has broken its trendline (blue line). We’re ready to for the red line to hit by June.
This is a major warning to stock investors to be extra careful. Now more than ever is a time to be nimble and preparing to make money from a market “event.”
If you need help doing this, I strongly urge you to try out our weekly market advisory, Private Wealth Advisory.
Private Wealth Advisory uses stocks and ETFs to help individual investors profit from the markets.
Does it work?
Over the last two years, we’ve maintained a success rate of 85%, meaning we’ve made money on more than EIGHT out of every ten trades we make.
Yes, this includes all losers and every trade we make. If you followed our investment recommendations, you’d have beaten the market by a MASSIVE margin.
Today, if you’d like to join us, you better move fast…
… because tonight at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.
This is it… no more extensions… no more openings.
To lock in one of the remaining slots…
Chief Market Strategist
Phoenix Capital Research