Market Timing 08 (Apr 2023 - Dec 26)

[winston]

Emotion, not fundamentals, is driving stock gains, and a recession could send stocks down more than 30%, market vet says

by Jennifer Sor

Plowing cash into this type of stock market could be a "mistake," B. Riley Wealth's Paul Dietrich said.

While inflation has cooled from its highs, not all is well in the "wonderland" economy.

A mild recession could send S&P 500 tumbling by more than a third, Dietrich said in a note.

Source: Business Insider

https://finance.yahoo.com/news/emotion- ... 29128.html

[winston]

Emotion, not fundamentals, is driving stock gains, and a recession could send stocks down more than 30%, market vet says

by Jennifer Sor

Plowing cash into this type of stock market could be a "mistake," B. Riley Wealth's Paul Dietrich said.

While inflation has cooled from its highs, not all is well in the "wonderland" economy.

A mild recession could send S&P 500 tumbling by more than a third, Dietrich said in a note.

Source: Business Insider

https://finance.yahoo.com/news/emotion- ... 29128.html

[winston]

Stocks Are Likely To Hit More New Highs in the Months Ahead

by Brett Eversole

So yes, investors have been through a lot recently. But new all-time highs aren’t a sign that it’s time to lock in gains.

Stocks don’t have a history of crashing after hitting new all-time highs. Instead, prices tend to keep moving higher.

That means more new highs are likely in the months ahead. So we want to stay bullish – and stay invested – until the trend reverses.

Source: DailyWealth.com

https://dailytradealert.com/2024/02/16/ ... ths-ahead/

[winston]

Recession is coming and it could send stocks plummeting 26% as dwindling savings rates spark a 'vicious cycle' in the economy, strategist says

by Jennifer Sor

A recession is still in the cards for the US, according to BCA strategist Roukaya Ibrahim.

Ibrahim predicted a downturn would come sometime before early 2025.

Once the economy slips into a contraction, stocks could plunge 26%, she warned.

Source: Business Insider

https://finance.yahoo.com/news/recessio ... 44673.html

[winston]

Stick with the Uptrend… Stocks Are Going Up

by Brett Eversole

Investors can come up with any number of reasons to sell today… from geopolitical tensions to the upcoming election, to rising valuations. Even new all-time highs can make folks panic.

But none of that really matters, for one simple reason…

Stocks are going up. That means they’ll likely keep going up. Or, as Old Turkey would say… “It’s a bull market, you know!”

Your job is to stop fighting it and invest accordingly.

Source: Daily Wealth

https://tradesoftheday.com/2024/03/13/s ... -going-up/

[winston]

he Nasdaq Just Did Something It Has Only Done 8 Times Since 1990, and It Could Signal a Big Move in the Stock Market

by Trevor Jennewine

The Nasdaq finally reached a new record high on Feb. 29, 2024. Crossing that threshold made the new bull market official, a development that has historically portended substantial gains for investors.

Specifically, the Nasdaq has only been through eight other bull markets since 1990, and the index has generally moved much higher during those periods.

History says the Nasdaq Composite could soar 157% by April 2026

Two things must happen for a bull market to occur:
1. The index in question must rise 20% from a bear market low.
2. The index must also reach a new record high.

Source: The Motley Fool

https://finance.yahoo.com/news/nasdaq-j ... 00319.html

[winston]

JPMorgan Says Stocks Are So Crowded They May Crack at Any Time

by Alexandra Semenova

Warned clients that they could be “stuck on the wrong side” of the momentum trade when it eventually falters and he encouraged them to consider diversifying their holdings and thinking about risk management.

He also reiterated his warning that excessive crowding in the market’s best-performing stocks raises the risk of an imminent correction.

It just might come one day out of the blue. This has happened in the past, we’ve had flash crashes.

Source: Bloomberg

https://finance.yahoo.com/news/jpmorgan ... 52610.html

[winston]

The 'bizarrely' overvalued stock market is poised for a big correction and the smart money is moving into cash, chief strategist says

by Jennifer Sor

Indicators are pointing to a major correction coming for stocks, market strategist Paul Dietrich says.

The B. Riley Wealth chief investment strategist says the market is "bizarrely overvalued."

The "smart money," according to Dietrich is moving money into cash.

Source: Business Insider

https://finance.yahoo.com/news/bizarrel ... 52999.html

[winston]

This ‘Easy’ Stock Boom Points to 17% Upside

by Brett Eversole

The market has gotten easy for investors this year. But we shouldn’t fear a reversal anytime soon, according to history.

We’re in the middle of an incredible streak. And it points to even bigger gains in the months ahead. Make sure you’re positioned to take advantage of it.

Source: DailyWealth.com

https://dailytradealert.com/2024/04/05/ ... 17-upside/

[winston]

Keep Your Eye on This Chart

by Jeff Clark

When the index closes below its 20-day EMA it will likely mark the start of an intermediate-term correction phase that lasts for several weeks, at least, and knocks 10% or more off of the index.

In other words, if the S&P closes below 5,180 then it’s probably headed towards 4,700 or so over the next several weeks.

If the S&P closes below its 20-day EMA, we’re not going to want to wait until May to hit the “sell” button. We’ll be better off selling in April.

Source: Jeff Clark Trader

https://tradesoftheday.com/2024/04/08/k ... his-chart/