8-22-24 The Bullish Trend Remains Intact

The Real Investment Show Podcast

The S&P is approaching its all-time high, but there is a good bit of resistance the market is about to run into. The NASDAQ is up 11% in the past ten days as part of one of the longest, strongest run-ups since 2009. This is about as V-shaped a recovery as you can get in the markets, and there is a lot of exuberance. The bulk of the activity can be credited to stock buybacks. This is not a time to chase stocks. The bullish trend remains intact, with nothing to suggest a correction to be imminent. But that doesn't mean markets can't pull back to support at the 20-DMA or the 100-DMA, which would provide a much better entry point to add exposure, rather than trying to buy today. Ironically, if we can break out to new, all-time highs, and then retest that breakout, THAT will also create a buying opportunity. 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=zg46dMB14Ks&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- 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/ #BullishTrend #MarketCorrection #MarketRally #NASDAQ #SP500 #AllTimeHigh #20DMA #100DMA #MarketBullishness #MarketCorrection #20DMA #50DMA #100DMA #InvestingAdvice #Money #Investing