Markets Are in Limbo Working Through Correction (1/10/24)

(1/10/24) The market is holding above the 20-DMA, although futures are down-to-flattish ahead of today's open. Upside has been somewhat limited, but markets can work through a correctional process in two ways: 1.) Actually have a correction; 2.) work through a consolidation period in which the market just doesn't go anywhere, which is what is, and has been, going on over the past several weeks. This will allow for shorter-termed moving average to "catch up" with the market, and that limits downside risk. The more time spent trading side ways, the less downside draw is applied: Markets are now forming a base from which to launch higher. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Register for our 2024 Economic Summit: Navigating Markets in a Presidential Cycle: https://www.eventbrite.com/e/ria-advisors-economic-summit-tickets-703288784687?aff=oddtdtcreator -------- 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=WGu2pPTVB80&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- 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 #MarketCorrection #20DMA #Markets #Money #Investing