Market Alert: How low can it go?

Today is a follow-up from the video/blog that I posted on September 14th. On that video, I correctly anticipated the very high probability for upcoming volatility, with a 5-10% correction as a potential target. Since that time the market has indeed corrected per my prognosis. A few factors have come up that suggest the possibility of a deeper correction than I originally anticipated. I covered these factors on a new video.

I urge you to watch my newest video here to get the full picture of my forward view on the markets. Discussed are current technical support and potentially negative technical divergences. I discussed ValueTrend’s current strategy for trading the possible market actions coming up. Tied to that – I also covered the debt ceiling antics in the USA. Note that I recorded the video yesterday (Wednesday Oct 6th) before the announcement of the debt ceiling extension.

Despite my comment of a potential leg into the market around the Oct. 18th deadline, my overall stance has not changed insofar as our trading philosophy and observations surrounding key support levels. That, and the high probability of volatility as the US struggles in reaching an agreement.

I truly hope that you watch todays video. It is as important as my September 14th market alert video. Hopefully it presents you with some insight on navigating the current volatility.

quote-teal

2 Comments

  • Super video Keith. I continue to see the problem in the US as being able to kick the debt can down the road, which they did yesterday until Dec. This keeps us guessing so the technical indicators are “super”- thanks. I legged in to china as it was so low, so far so good, what do you think about a Japan ETF? more specifically a deflation idea as they have no inflation- or- better to stick with China and forget JPN? thanks for taking the time to post your information, it is appreciated by your followers.

    Reply
    • Japan broke out of a consolidation but has pulled back into that zone recently. Decent chart. Totally different than that of China. China is a higher risk oversold bounce trade. Japan has less risk, and simply needs to experience the next bullish leg by proving it can break its consolidation pattern. I suspect Japan is the safer bet, but China (for risk-orientated investors) has bigger potential upside AND bigger downside. At least we know where support lies in the China trade, so if you are smart you wont get too burned if things get more sour–you need to sell the recent lows if they break… Watch your stops.

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Never miss another blog post!

Get the SmartBounce blog posts delivered directly to your inbox.

Topics

Topics

Recent Posts

put to call

VIX & PUT/CALL RATIO NEARING CAPITULATION BUY SIGNAL

Smart dumb $

Bear-o-meter moves to “Bullish”

moneyshow Dec 2021

Get on it!

NY covid

Trading covid cycles

ayn rand inflation

Bitcoin & inflation

chinese internet % 200 SMA

Chinese Internet stocks are setting up for a potential breakout

cta-bg

Never Miss an Opportunity

Sign up for our newsletter to receive valuable insights that are available only to subscribers.   Beyond the blog – beyond the videos – get the inside scoop.

Scroll to Top