New Stock Market Buy Signals In A Complacency Rally
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Chris Vermeulen sits down with David Lin, Anchor for Kitco News, to discuss new stock market buy signals and the complacency rally to come. Looking at the broad stock market, we can see a complacency rally that is ready to start – if it hasn’t already. This is a great opportunity for potential trades that can last several weeks or months.
We are in that phase right now where shorter-term investing in growth stocks should come back to life. Based on the weekly chart for the S&P 500, our long-term investing signals are in red, meaning we are technically in a long-term downtrend. This complacency rally is thus a counter-trend rally affecting shorter-term investing. To protect capital in this environment, profit targets and exit stops have been tightened up. As we can see this market continue to rally for several weeks, potentially several months, it pays to be conservative.
Chris goes into a detailed explanation of how he sees the markets as a technical trader. Get a closer look at what our subscribers already know about how the strategies at TheTechnicalTraders.com can protect your capital and, at the same time, conservatively grow your accounts.
Overall, if we are going into a true complacency rally for the stock market, gold and miners should perform really well. During this phase, they tend to become market leaders.
Video Length: 00:22:31
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