Jul 31, 2024
There's been a nice correction in the NASDAQ. Markets can only
go in one direction for so long. When you get extreme deviations
from trend lines and moving averages, things will correct, and they
do correct, from time to time. Trend lines and moving averages all
act like gravity; when they correct, we humans have to provide some
rationalization for the chaos. Currently, we're back to a very
oversold condition. Recall that everytime the NASDAQ has gotten
this extended from the 200-DMA, we've had a correction...and an
opportunity to add exposure while prices are lower.
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=Ea9nQUqvgMw&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/
#NASDAQ #NASDAQcorrection #20DMA #50DMA #Retest #SupportLevel #SectorRotation #MegaCap #RussellSmallCap # #OverboughtMarkets #BuySignal #SellSignal #MarketBullishness #MarketCorrection #InvestingAdvice #Money #Investing