Markets Need a Breather (11/21/23)

11/21/23 • 4 min

(11/21/23) Markets had a good day on Monday on low volume to start a holiday shortened trading week, pushing into three standard deviations from the 50-DMA. While that's not a huge bear flag, markets just over bought at this point, typically this will be followed by some type of pullback. There is presently a big gap between the 50- and 20-DMA, but the 20- is about to cross above the 50-DMA, providing bullish support for markets. Money flow indicators are about to flip to negative, for another indication of a market peak. This could be the set up for a year end rally, and where that rally might take us is anyone's guess. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- 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=ZMOtmA1IJ8w&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Articles mentioned in this report: "Complacency Seems Overly Complacent" https://realinvestmentadvice.com/complacency-seems-overly-complacent/ ------- 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 #MarketConsolidation #MarketPullback 20-DMA 50-DMA #Markets #Money #Investing

Previous Episode

Season Season on Wall Street (11/20/23)

(11/20/23) A look at the highest-grossing horror films of all time, and holiday week markets: July's market exuberance was followed by a predicted decline into October, which was entirely normal for any given year. Now markets are over bought, and another pullback is imminent, likely between now and next week. Meanwihle, with many traders on holiday, silly season has descended upon Wall street. Portfolio managers will be rebalancing for end-of-year reporting and distributions. How will 2024 fare? Consumer Spending will be the driver. Automobiles & airfares are cheaper than one year ago; can these help create an "updraft" for the economy? There's no slowdown in activity...yet. Coming will be holiday retails sales & Black Friday; the Roberts' Christmas Wish Lists. Market preview; Gold trading sideways; oil prices are due for a rise; NVIDIA earnings expected to be high (but could disappoint); Retail sales data released this week will be for October: Look for commentary on foot traffic and consumption patterns. SEG-1: Horror Films and Holiday Markets SEG-2: Silly Season Has Arrived SEG-3: Holiday Travel, Inflation , & Making Ends Meet SEG-4: Market Preview: What Retail Sales will Say Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: -------- The latest installment of our new feature, Before the Bell, "When Not-so-Bad News is Good" is here: https://www.youtube.com/watch?v=VqHz--Lwcy0&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Defining "Safe" Retirement Spending: Is the 4% Rule Back?" https://www.youtube.com/watch?v=iR6uRWwmEY8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=14s -------- Articles Mentioned in this Show: "Complacency Seems Overly Complacent" https://realinvestmentadvice.com/complacency-seems-overly-complacent/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- 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 #MarketPullback #HolidayTrading #SillySeason #RetailSales #HolidayTravel #Inflation #EconomicSentiment #Thanksgiving #Markets #Money #Investing

Next Episode

Why the S&P is Up 17% and You're Not (11/21/23)

(11/21/23) Earnings Season continues with NVIDIA set to report this evening after the bell: expectations are high, and if there's a miss, markets may punish. Markets have become very elevated only a month after everyone was so pessimisti. The Bond Market continues to surprise with a stellar acution of 20-year bonds. Will there be a Recession, a soft-landing, or no Reccession in 2024? Who knows?? Markets are over bought and need to take a breather at this point. The Recovering Californian & real turkey; the annual performance comparison: Don't make this mistake! Why your portfolio hasn't kept up with the S&P this year; the problem with comparisons; the origin of Turduckens; the truth about Home Sales numbers. SEG-1: Recession, Soft-landing, or No Recession in 2024? SEG-2: Why the S&P is Up 17% and You're Not SEG-3: The Evil of Comparisons SEG-4: Thanksgiving Eve eve, Turduckens, & Home Sales Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=Xfns3GpZZ2Q&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=12s -------- The latest installment of our new feature, Before the Bell, "Markets Need a Breather" is here: https://www.youtube.com/watch?v=ZMOtmA1IJ8w&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "The Year of The Magnificent Seven" https://www.youtube.com/watch?v=blvFign-AWA&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=10s -------- Articles Mentioned in this Show: "S&P 500 Market Returns And Why Your Performance Is Worse" https://realinvestmentadvice.com/sp-500-market-returns-and-why-your-performance-is-worse/ "Complacency Seems Overly Complacent" https://realinvestmentadvice.com/complacency-seems-overly-complacent/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- 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 #EarningsSeason #NVIDIA #AI #Markets #Money #Investing