What do Kim Kardashian & The Market Have in Common?
(5/16/22) Markets put in a big bottom last week--at least for the short term. Even though markets finished down for the day on Thursday, they rallied back above the open, setting up a green candle, and establishing a test of the level at three standard-deviations from the 50-DMA. Friday's subsequent rally pushed the index up to within two standard-deviations from the 50-DMA, and got close to triggering a money flow buy signal in a market that was still very over-sold. Establishment of this bottom now prepares the market for a rally up to the 20-DMA, currently on the SPY at 416-418. That level is the top of the current downtrend line, around 430 on the S&P. All of the elements are in place to create a rally back up to higher levels. Whan that happens, use this as an opportunity to reduce risk and rebalance portfolios.
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:
https://www.youtube.com/watch?v=MqRelnC2oZs&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/
-
3:39
Lance Roberts' Three Minutes on Markets & Money
2 years agoWhat do Kim Kardashian & The Market Have in Common?
3 -
6:47
mikesignorelli
2 years agoWhat Do These Have In Common?!
22 -
6:34
MRCTV
2 years agoWhat Do a Trans Swimmer and a Canadian Dictator Have In Common?
1.63K26 -
LIVE
Akademiks
9 hours agoYsL Woody Back Snitching? Blueface gets 4 years. Saweetie gives YG DA BEATS! Yung Miami Responds
4,130 watching -
1:05:06
The New American
3 hours agoNew American Daily | Minnesota-based Award-Winning Journalist Exposes the Real Tim Walz
34.3K -
12:55
Breaking Points
1 day agoUS Rushes CRUISE MISSILES As Iran, Israel ON BRINK
44.4K14 -
17:15
Silver Dragons
4 hours agoCoin Dealer Reveals Best Junk Silver Coin for Silver Stacking
39.2K3 -
1:04:11
Russell Brand
6 hours ago“They Will All Be JAILED!” Britain’s Post-Riots Authoritarian NIGHTMARE - SF 430
149K241 -
1:59:19
The Charlie Kirk Show
5 hours agoTim AWOLz + Chicago's '68 Redux? | Hernandez, Morris | 8.14.24
117K26 -
2:11:55
The Dilley Show
5 hours agoInsane Inflation and a Warning for November! w/Author Brenden Dilley 08/14/2024
54.5K15