Have Markets Found the Bottom?

(11/21/22) The inmates are running the asylum during this holiday-shortened trading week, making for higher volatility on lighter trading volume. Last week markets bounced right off the 100-DMA to rally, tested support, and bounced off of that to turn previous resistance into support, with a follow-through rally on Friday. Markets are now just below the 200-DMA, and look to open a little weakly this morning. The 20-DMA has crossed above the 50-DMA, and is approaching the 100-DMA, providing more near-term support for markets. The uptrend of the markets is very clearly continuing. We continue to recommend using any rally to reduce risk, take profits, and raise cash..

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