Premium Only Content

Markets Slicing Through Support Levels
(8/23/22) Friday's market sell-off is followed by mayhem on Monday, with the worst day of performance since the market found its bottom back in July. Markets sliced clean through levels of support yesterday and this morning are poised for a mild opening; we don't think it will be able to stick, however, as the 20-DMA is retested. Will Markets follow the trendline established for the past 20-weeks? The 100-DMA of 4080 is likely a more logical level to establish support. Any reflexive rally today might be a good opportunity to take profits and rebalance portfolios against risk. A failure of the 100-DMA will default to the 50-DMA at 3950--a 50% retracement of the rally from the low. We're watching the MACD indicator closely for signs of the next opportunity to put money to work. If markets can retain support through the upcoming Jackson Hole extravaganza and the September meeting of the FOMC, we might have a good shot for a rally into the year-end.
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=URswcY8N3mg&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/
-
8:01
GritsGG
13 hours agoClutch Hop Ups in Warzone Call of Duty!
6.12K -
10:00
MattMorseTV
1 day ago $4.60 earnedTrump isn't TAKING the BAIT.
35.5K51 -
20:40
Side Scrollers Podcast
1 day agoGen Z Tries OG Super Mario Bros for the First Time
58.4K16 -
2:40:49
FreshandFit
7 hours ago1 Conservative VS Miami Girls
109K59 -
2:28:04
Badlands Media
9 hours agoDevolution Power Hour Ep. 370: Epstein Optics, Russiagate Criminal Referrals, and the Taiwan Countdown
244K29 -
2:02:19
Inverted World Live
7 hours agoThe Epstein Case Closed and the Sky Has Been Weaponized | Ep. 72
56.3K21 -
3:02:27
TimcastIRL
8 hours agoTrump Admin To BAN China Buying U.S. Farmland Citing National Security | Timcast IRL
268K89 -
2:47:48
Laura Loomer
7 hours agoEP132: Blondi Botches Epstein File Release
69.9K126 -
3:41:41
Barry Cunningham
9 hours agoPRESIDENT TRUMP IS STILL MAGA STRONG! ARE YOU?
98.6K102 -
28:41
Side Scrollers Podcast
8 hours ago$750 Content Creator Trivia Game Show
32.5K1