About this episode
Resistance is important because it applies to upside as well as downside in the market. Resistance (to prices going lower) is called support. Markets had a deep selloff down to three standard deviations, and when that happens, bottom buyers will come back into the market...and prices will begin to rise with that demand. Markets have now had nine days straight of advances, which is the longest such stretch in 21-years. However, all records are meant to be broken. The problem with records is they mark the maximum attainment at that point. The last time markets strung together 9-days of advances was in 2004...and it took 21-years to repeat the achievement. Now, with markets rallying back up to the 50-DMA, and 90% of stocks are trading above that average, that typically tends to mark the peak of a rally. Time to take profits, rebalance portfolios, and reduce risk; save that dry powder for later. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=MeqfgKzbwJk&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Articles mentioned in this report: "Spock And The Logic Based Approach To Volatility" https://realinvestmentadvice.com/resources/blog/spock-and-the-logic-based-approach-to-volatility/ ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- REGISTER FOR OUR NEXT CANDID COFFEE (5/3/25) HERE: https://realinvestmentadvice.com/resources/events/live-chat/ ------- 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/ #MarketCorrection #InvestingOpportunity #RebalancePortfolio #ReduceRisk #MarketRally #MarketRisk #MarketNormalization #InvestingAdvice #Money #Investing