7-23-24 Markets Successfully Retest the 20-DMA

The Real Investment Show Podcast

Markets last week were very deviated above the 20-DMA, and in need of correction. Well, that snuck up on us all at once with three days of a sharp sell-off taking us below that 20-DMA. Normally, such action is a signal for corrective process...unless markets can get back above the 20-DMA. Which they did. Monday's rally in the S&P was strong enough to lift above the 20-DMA, thanks to trade rotating back towards Mega-caps. So really, all we have had is a retest of the 20-DMA, which keeps us in a bullish trend. The sell-signal that's in place may limit upside temporarily. Markets will operate as a surge of sellers meet buyers at the price. Markets now seem to be rotating back to mega-caps, which is where earnings growth is going to come from. 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=XdPxfq2puVs&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/ #20-DMA #Retest #SectorRotation #MegaCap #RussellSmallCap #BondYield #ProfitTaking #OverboughtMarkets #BuySignal #SellSignal #MarketBullishness #MarketCorrection #InvestingAdvice #Money #Investing