About this episode
(8/7/23) Markets remain in a corrective process we've been discussing: A recent outside-reversal day saw the market opening up strongly and then falling significantly, completely engulfing the previous day's positive action. Normally, that's a pretty bearish sign for prices. On Friday, markets rallied up to the 20-DMA and then failed, turning around to set a new low. That suggests we're going to retest the 50-DMA. Markets are recently oversold enough that we could see an attempted rally back up to the 20-DMA. Another failure there would merely confirm that we're still in this process of correction. There is nothing to suggest a large, 20% correction; the real concern at this moment is that markets just needed to take a break after five straight months of advances. A pull back at this point is a logical issue, and one that could provide entry opportunities for investors. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Articles mentioned in this report: "The Market Is Detached From The Real Economy" https://realinvestmentadvice.com/the-market-is-detached-from-the-real-economy/ ------- 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=JrQytvzdNCE&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 #MovingAverages #20DMA #50DMA #200DMA #BullMarket #MarketVolatility #Money #Investing