The market got hit yesterday in a big way, but the selling was well contained.
Traders have become way too conditioned to the market doing nothing but going up. As a result, we are in the ridiculous state in which even a single big down day has people talking about crashes.
Statistically speaking, stocks have two days like yesterday (down 3%) every year. Even after yesterday, stocks are only a mere 4%-5% off their ALL TIME HIGHS.
And traders are talking about crashes!
The fact is that we might have a bit more downside. Breadth still has a little ways to go before it finds support.
However, stocks have already overdone it falling far more than breadth. Over the last year, anytime stocks broke down this much relative to breadth, it triggered a “V” shaped recovery soon after.
———————————–
The Doors Were Closed on This Trading Service for SIX Years… But They’re About to Be Opened Again
In 2014, we closed the doors on our most successful trading service to new clients.
At that time, this service was routinely producing TRIPLE digit years, with annual gains as high as 244% in a single year.
Since that time, it’s continued to beat the market by MULTIPLES year in and year out.
We’re about to re-open this service to new clients for the first time in SIX YEARS.
To join the wait-list…
Email us HERE
—————————————————–
Moreover, the big four tech stocks, which comprise over 11% of the market, all held support yesterday.
Microsoft (MSFT)
Apple (AAPL)
Amazon (AMZN)
Facebook (FB)
As I said before, the selling was contained and orderly. There was no sign of a crash. And while stocks could fall a bit further from here, we’re getting close to the “buy zone” in terms of market internals.
At the end of the day, the odds are EXTREMELY low that President Trump is going to let his beloved stock market crash during an election year.
Which is why we can all but guarantee a MASSIVE Fed intervention is coming. And when it does the stock market will roar higher.
I want to be clear here.
I DO NOT care about politics. You can hate President Trump or you can love him. That’s 100% up to you.
But the reality is that under the Trump administration the stock market is giving us a once in a lifetime opportunity to GET RICH from our investments.
My clients are already doing this with our new special report titled…
The MAGA Portfolio: Five Investments That Will Make Fortunes During Trump’s Second Term.
In it, I detail five HIGH OCTANE investments that are primed to EXPLODE higher when President Trump wins a second term.
In it, I detail five unique investments that I expect will produce the most extraordinary gains during President Trump’s second term.
Each one of these investments is in a unique position to profit from the combination of Trump economic reforms and Fed monetary easing, combining high growth opportunities with extreme profitability.
We are offering this report exclusively to subscribers of our e-letter Gains Pains & Capital. To pick up your copy please swing by:
https://phoenixcapitalmarketing.com/MAGA.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research