Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Markets Setting Up for October Action (8/22/23)

Markets Setting Up for October Action (8/22/23)

FromThe Real Investment Show Podcast


Markets Setting Up for October Action (8/22/23)

FromThe Real Investment Show Podcast

ratings:
Length:
5 minutes
Released:
Aug 22, 2023
Format:
Podcast episode

Description

(8/22/23) Markets have had a nice, 5% sell off, as expected (and completely normal within any given year). Markets on Monday got within a stone's throw of the 100-DMA before rallying, and we're looking today for a continuation of that rally effort. So far, no buy signal has yet been triggered. The next point of resistance will be the convergence of the 20- and 50-DMA, somewhere around 4,450. After that a pullback, which will provide a decent opportunity to add exposure to portfolios, and finish this cycle of correction, probably sometime in September. That will set up for the typical October-November-December market action. Watch for a pick-up in volatility during this period, ahead of the end-of-the-year push.  Underperforming hedge funds will also push assets into the markets. How the timing of all this actually plays out remains to be seen. 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 new "Before the Bell" YouTube channel:  https://www.youtube.com/watch?v=-xekP5Q3tQA&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=2 ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #MarketCorrection #MovingAverages #20DMA #50DMA #200DMA #MarketRally #Money #Investing 
Released:
Aug 22, 2023
Format:
Podcast episode

Titles in the series (100)

It's a show about life, markets, sweat-equity, and the pursuit of wealth in a capitalist market.