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Re: None

Saturday, 08/29/2020 4:35:59 PM

Saturday, August 29, 2020 4:35:59 PM

Post# of 8302
Too quiet over here.

Bear signs abound: Bollinger Bands overbought; RSI overbought; <100 new, 52-week-highs at the recent all-time S&P 500 highs; only 4 down-days in the month; % of new-highs falling; <50% of stocks advancing on the NYSE over the last 10-days.

Now Lance Roberts noted that, “…each time of the 5-times previously, going back to 1999, where the market traded at 2-standard deviations or higher from the 4-year moving average, a reversion occurred. Those periods were 2000, 2007, 2014, 2018, February 2020, and now.” - Lance Roberts. Commentary, “A Tale of Two Bull Markets,” at …
https://realinvestmentadvice.com/macroview-a-tale-of-two-bull-markets/

How much longer can the FED hold off a correction? I don’t know…The Roberts piece suggests we may be headed toward a Bear market.

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