Short-Term Sell Signal Triggered For Stocks

Ipad, Online, Tablet, Internet, Screen, Digital

Image Source: Pixabay


While there is a "tsunami" of liquidity currently flowing that can power stocks higher into year end, in the near term, stocks are looking over-bought and a (short-term) sell signal was triggered this week says portfolio manager Lance Roberts.

So between now and the election, be prepared for stocks to trade sluggishly and/or weaken.

Other than that, though, the developments this week have been largely favorable for the economy. Very strong jobs numbers (if we can believe them), a resolution to the longshoremen strike that threatened to paralyze ports along the US Gulf and East coasts, and a potential resumption of student loan forgiveness.

We talk about all that and more, including Lance's firm's latest trades, in this week's Market Recap.

Video Length: 01:51:45


More By This Author:

Market Sea-Change Underway As Asia Repatriates Capital From The West
U.S. And China Liquidity To Keep Boosting Stocks From Here?
Will Stocks Melt-up To S&P 6000+ Soon?

Disclosure: Thoughtful Money LLC is in the application process to be a Registered Investment Advisor Solicitor. We produce educational content geared for the individual investor. It’s ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with