About this episode
(5/12/22) Markets remain under pressure after April CPI numbers show hotter-than-expected inflation. But looking at longer-term charts can give a better understanding of where we've been...and where we're going. Are we over-bought, or over-sold, and where is the downside risk, and where is the potential support, moving forward? The S&P is currently 3-standard-deviations below the 50-week Moving Average, and money flow indicators are also over-sold. With the Fed remaining in a tightening mode, any reflexive rally will be limited. The NASDAQ is similarly deviated to the downside of its 50-week Moving Average, as well as over-sold now as much as it was in March 2020, as the Fed was reversing itself in terms of QE (which set up for a nice rally); we don't have that, yet. Cryptocoins are also coming under a tremendous amount of pressure; Bitcoin, Ether, and others, have all become high-beta trades in the markets. Oversold positions indicate we could be seeing a tradeable rally, and if so, that would be a good place to take some profits. 0:43 - S&P 50-week Moving Average analysis 3:08 - NASDAQ 50-week Moving Average analysis 4:09 - Cryptocurrency analysis 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 YouTube channel: https://www.youtube.com/watch?v=yFyiWgEuxgA&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketBottom #Inflation #Cryptocurreny #Bitcoin #CPI #FederalReserve #Markets #Money #Investing