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20-DMA Remains Key Support for Markets (2/27/24)

20-DMA Remains Key Support for Markets (2/27/24)

FromThe Real Investment Show Podcast


20-DMA Remains Key Support for Markets (2/27/24)

FromThe Real Investment Show Podcast

ratings:
Length:
4 minutes
Released:
Feb 27, 2024
Format:
Podcast episode

Description

The market is trading within a very defined trend-channel that goes back to November. Every time we get to the top of the trend channel markets sell-off, which is exactly what happened on Monday. As long as the 20-DMA continues to hold, that remains key support for the market. If markets break through the 20-DMA, it will be a indicator of a impending, larger move to the downside. For now, however, there is nothing warranting that action. The rising market and negative divergence in relative strength is a warning sign that market run is getting long in the tooth. There is going to be a correction at some point; are you ready? Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- 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=3xwpy4vnP3c&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- 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 #MagnificentSevenStocks #SP5000 #BullishMarketTrend #NegativeDivergence #RelativeStrength #20DMA #Markets #Money #Investing 
Released:
Feb 27, 2024
Format:
Podcast episode

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