Best Time Since President Trump’s Election to Buy Stocks

Best Time Since President ’s Election to Buy Stocks

$DIA, $SPY, $QQQ,$RUTX, $VXX

Savvy investors, sidelined and sitting on cash are setting up to come back into this market

The sell-off that started in October is a healthy correction in this Bull market and investors should continue to tune out the Noise.

The beaten down sectors are favorable, and the professionals will be deploying cash now and allocating it incrementally over the coming days and weeks.

Current conditions have the potential to create some of the best entry points into equity markets since President was elected in November 2016,

The correction in tech stocks,  stress in the corporate credit market and lowered hopes for a resolution to the ongoing US- trade dispute fueled the sell-off over the past 6 weeks,

The S&P 500 fell 10% below its September record close Tuesday before clawing back just above that mark for the test that we have been waiting for.

We here at -LTN are not the only optimists

Analysts at JPMorgan Chase & Co. (NYSE:JPM) said last week the S&P 500 would recoup its October losses. But, Goldman Sachs Group Inc. (NYSE:GS) was less optimistic, recommending investors increase their cash positions in a note to clients Monday.

Pundits and talking head talk concerning about a global growth slowdown are pulling down strong US growth and investor sentiment,tune out that Noise.

The bottom line in our opinion, as is Larry Kudlow’s is that an economic recession is not imminent, even though the financial markets over the last 6 weeks have been pricing the markets like the US is heading for one.

There trillions of USDs on the sidelines, and this market can reverse quickly.

Wednesday, the major US stock market indexes finished at: DJIA -0.95 at 24463.69, NAS Comp +63.43 at 6972.46, S&P 500 +8.04 at 2650.07

Volume: Trade on the NYSE came in at 777-M/shares exchanged

  • NAS Comp +1.0% YTD
  • DJIA -1.0% YTD
  • S&P 500 -0.9% YTD
  • Russell 2000 -3.1% YTD

-LTN’s US Major Stock Market Indexes Technical Analysis

Date Symbol Price Technical Analysis Support Resistance 21 November 2018 QQQ 160.37 Bearish (-0.39) ??? 161.46 21 November 2018 DIA 245.08 Bearish (-0.25) 244.44 248.56 21 November 2018 SPY 266.64 Bearish (-0.44) 263.67 270.68

To all of our subscribers and readers in the US, have a Happy Thanksgiving Holiday!

 

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