About this episode
(2/9/23) Markets stumbled Wednesday on Google's ill-fated release of its marketing campaign for the "Bard" AI product; markets are set to recover a little bit this morning. As markets continue to struggle to rise above, we're getting ready to turn over the MACD, and the longer the market continues to consolidate, the weaker the price action gets, evenutally triggering a MACD Sell-signal. A pullback of support to 4,000 is the most likely scenario for the next ccouple of weeks, which is why we recommended earlier this week taking some profits. A pullback of between 3- and 5% would not be surprising. Markets are over bought, and the CNN Fear-Greed Index is back into the extreme "Greed" level, which we didn't see for the entirety of 2022. A pullback here will enable markets to rally into the March-April-May period to finish out the seasonally-strong period of the year. 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=i1KdEl22hJI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: 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 #TechnicalSignals #BullishMarket #200WMA #WeeklyMACD #Google #Bard #AI #Markets #Money #Investing