by Jeff Clark
Whenever the major market indexes decline towards their 200 day moving averages during a bull market, it pays to be a buyer of stocks.
Both SPY and QQQ closed Monday near their 200-day moving averages. If we’re still in a bull market, then this will prove to be an outstanding time to buy stocks.
On the other hand, if we’re at the start of a bear market, then investors who buy right here might have to endure some short-term pain before they get an oversold bounce that allows them to exit the trades at near breakeven.
In other words, the risk/reward setup to buying into the current conditions is excellent.
Source: Jeff Clark Trader
https://tradesoftheday.com/2025/03/06/h ... uy-stocks/
