Name: How to Use Market Rally to Reduce Risk
Uploaded: 2022-05-17T13:34:48+00:00
Duration: 3 min 19 s
Description: (5/17/22) Stocks are looking to open sharply higher following yesterday's consolidation and advance. This makes three "green" days in a row, providing more lift to markets in the short term. Our initi

2 years ago

MarketRally Consolidation SPY RiskReduction Markets Money Investing

(5/17/22) Stocks are looking to open sharply higher following yesterday's consolidation and advance. This makes three "green" days in a row, providing more lift to markets in the short term. Our initial target on SPY is still 416--at the 20-DMA, the first level of resistance, and also part of the current downtrend. The next level up will be 430 or 431. We will want to use any rally to dell into and reduce risk. If markets are able to break out of the down channel, we can always put cash back to work. Money flows and over-sold positions suggest this rally has some legs to stand on.

Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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