Monday Market Rally: Was It Trick or Treat? (10/31/23)

(10/31/23) Markets were deeply oversold Monday, and had a very nice rally: Was it a trick or a treat? Markets will need to confirm over the next few days whether or not its rise is for real, and that the recent sell-off is over. The problem is running into resistance at the 200-DMA, at about 4,230, which markets broke last week. That will also coincide with the 20-DMA as it intersects with the 200-DMA. If markets can get above the 200-DMA, it will suggest the year-end rally is intact. If so, the 4,250 region will be a likely level to reduce risk and raise some cash (that will also be the top of the downtrend channel that's been building over the last couple of months.) Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- 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=pkDuLs1l_CU&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Register for our next Candid Coffee here: https://us06web.zoom.us/webinar/register/8216958366572/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- 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 #MarketRally #200DMA #YearEndRally #Markets #Money #Investing