About this episode
(6/21/22) Last week's sell-off pushed markets down sharply, and markets tried to stabilize on Friday, ahead of the long weekend. As we produce this report, all indexes are showing the possibility of a bit of a bounce this morning. Markets are over-sold down to three standard deviations below the 50-DMA, putting more downward pressure on stocks as the average continues to slide. This and other indicators are at levels from which we should start to see a bounce. A reasonable retracement level would be right at the 3,900 to 4,000 point for a rally. We're suggesting that any rally be used to sell into to reduce risk and raise cash. A break above the 50-DMA will give you a shot at the 200-DMA. So long as the Fed continues to aggressively raise rates, keep a watch for indications of a breakout to the upside---something we don't expect to happen today. 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=TZvP5u3oTYc&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 #MarketSellOff #FederalReserve #RateHike #Inflation #Markets #Money #Investing