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Protect from the Coming Correction (2/21/24)

UNLIMITED

Protect from the Coming Correction (2/21/24)

FromThe Real Investment Show Podcast


UNLIMITED

Protect from the Coming Correction (2/21/24)

FromThe Real Investment Show Podcast

ratings:
Length:
3 minutes
Released:
Feb 21, 2024
Format:
Podcast episode

Description

The big tech names were a drag on the overall market on Tuesday, with the S&P slipping to test the 20-DMA once again, which has been a rising trend line for the past few months. If the market against tests today, and fails, look for the S&P at 4800-ish, at about the 50-DMA. Note, too, along with that rising trend line, a negative divergence in relative strength. When prices are rising as momentum deteriorates, this suggests the need for a correction; what the catalyst might be for that event, no one knows.  Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Articles mentioned in this report: "Don’t Fear All-Time Highs, Understand Them" https://realinvestmentadvice.com/dont-fear-all-time-highs-understand-them/ ------- Register for our next Candid Coffee: "Five Money Habits of Unhappy Couples," Saturday, February 24, 2024: https://streamyard.com/watch/xRDYWQQqdFaF --------  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=0p2G5Y7jcfY&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 #SP5000 #BullishMarketTrend #NegativeDivergence #RelativeStrength #MomentumDeterioration #MarketCorrection #ReducePortfolioRisk #20DMA #50DMA #Markets #Money #Investing 
Released:
Feb 21, 2024
Format:
Podcast episode

Titles in the series (100)

It's a show about life, markets, sweat-equity, and the pursuit of wealth in a capitalist market.