Warnings from Target Sink Stocks: What's next?
(5/19/22) Target and Walmart's warnings about future earnings pulled the rug out from under stocks Wednesday, essentially reversing all of the previous gains, going back to last week. The data suggests a recession is near, if not already here. (We raised cash in anticipation of the worst.) The current level of resistance will be important for markets to break above in order to get the rally back on track. Negative money flows have improved, providing a glimmer of hope for investors. The S&P has been down for the past 7-weeks--8-weeks for the Dow--providing more seller pressure, and feeding seller-exhaustion. Could markets move lower from here? Yes. In fact, markets will open down following yesterday's extensive sell-off, which is not too surprising. It is important that markets hold intra-day lows from last week--down into three-standard-deviation territory. If those hold, it will set up a double-bottom, and there's plenty of resistance at the 20-DMA. Near-term, there are not a lot of positive catalysts to sustain that upward movement--so there still remains definite risk to the downside.
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=tdz56bTK1CI&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/
-
1:46
EricKrownCrypto
2 years agoGala (GALA) Nearing A Critical Target & What's Next.
7 -
0:13
TRACKxTRAIL videos
2 years agoWHAT'S NEXT
5 -
12:03
Rebel Capitalist
2 years agoWeek Review: Stocks Get Crushed, Vol Spikes, What's Next?
5 -
15:08
TudorDixon
50 minutes agoPro-Hamas Protests Have The Left Frightened | The Tudor Dixon Podcast
6186 -
1:13:44
TheMonicaCrowleyPodcast
2 hours agoThe Inmates Running the Asylum
352 -
2:25:07
Due Dissidence
6 hours agoGOP Senators THREATEN ICC, Israel Orders Rafah EVACUATION, Lee Fang Dissident Dialogues Interview
20.3K29 -
3:03:56
Russell Brand
8 hours agoTulsi Gabbard LIVE: The END Of Free Speech, Nuclear War, Trump’s VP & More! - Stay Free #360
186K295 -
53:34
Steven Crowder
7 hours agoDEPORT THEM ALL! How Trump’s Historic Mass Deportation Plan Is Going To Work
305K638 -
2:07:42
TheAlecLaceShow
5 hours agoGuest: Daniel Turner | Gaza Meets Gala | Flag Burning in NYC | Energy Crisis | The Alec Lace Show
18.9K11 -
47:41
Out & About
10 hours agoWhy Tom Brady's Roast was a Genius Move for His Career | Out & About Ep. 273
35.5K9