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| | | | No One Is Talking About This on Wall Street | The S&P 500 has broken above its 200-day moving average. This would normally indicate a bullish sentiment and price action, right?
When digging a little deeper and taking an internal look at the index, we noticed a couple key trends:
1… 97% of stocks within the S&P 500 are trading above their 50-day moving averages;
2… but only 47% of stocks within the S&P 500 are trading above their 200-day moving averages.
There lies the discrepancy.
| | | | I Think I've Figured It Out! | We've reached the end of our trading week and the bulls continue to stampede…
When I look at the charts, the numbers simply don't add up. But I'm always willing to play against whatever the market dishes out and I suggest you do the same.
Join me now as I discuss the surprises of the week, what they mean for our future, and how we can use them to grow our investments. I'm also looking at some of the stocks that appear to be taking advantage of this recent movement.
| *clicking these links will automatically subscribe you to Joy of the Trade emails | | | | America's #1 Worst-Kept Secret | This pandemic has put your retirements and everything you've worked for in jeopardy…
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John R.
| | | An Inverse Head and Shoulders, also called a head and shoulders bottom, is inverted with the head and shoulders top used to predict reversals in downtrends. The inverse head and shoulders pattern is a specific chart pattern that predicts a bearish-to-bullish trend reversal.
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