About this episode
(5/24/22) Markets were able to hold support at last week's lows--and important test of the bottom, and a set up for a double-bottom. Unfortunately, markets are pointing lower following Snapchat's poor report, which is weighing on FAANG stocks, which in turn are placing a drag on the S&P. A commonality of recent weeks has been a rally that gets sold-into, which has been the heart of the negative pressure on the 20-DMA. Price declines are also what's keeping the MACD signal in "sell" territory, and yesterday's rally did not trigger a "buy" signal. Because markets are so over-sold, we are expecting some type of intermediate-term rally providing investors an opportunity to rejigger portfolios and adjust for risk. There is SO much negative sentiment in the markets; when markets do what no one expects--that will be The Opportunity to take advantage of. 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=N_aFa-LZJTU&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/ #MarketRally #BearMarket #Volatility #RiskReduction #Markets #Money #Investing