The Two Charts I'm Watching for Signs of a Bottom

Why Stocks Are Not Out of the Woods Yet March 25, 2020 UNSUBSCRIBE | ARCHIVES AN UPDATE FROM FORMER HEDGE FUND MANAGER AND BEST SELLING AUTHOR JAMES ALTUCHER: While the coronavirus crisis in the world economy is a scary tragedy… It's allowed me to stay home and focus on finding new opportunities… Like the one I accidentally discovered a while back. Click this link to learn more about what I've done to protect my money and even profit in choppy markets. And hurry. This update will be pulled from the web tomorrow at 9:30am. The Two Charts I'm Watching for Signs of a Bottom Dear Money & Crisis Reader, Yesterday's action was quite positive. Stocks roared higher with the Dow closing up 11% for its largest single day gain since 1933. Across the board, the buying was extremely strong, with 90% of trading volume being up by end of the day. However, we are not out of the woods yet. As Wall Street veteran and market strategist Bill King recently noted, throughout history there are two only two other instances in which stocks crashed this rapidly: the crashes of 1929 and 1987. Both crashes featured a swift double-digit decline of over 20% in a matter of days… Both crashes featured a MASSIVE two-day rally that saw stocks rise 20%... And both crashes then saw stocks roll over to either retest the lows (1987) or fall to new lows (1929). The crash of 1929 saw stocks lose 34% in the span of a few days before staging a massive two-day rally of 18%. Stocks then dropped to new lows. The crash of 1987 saw stocks fall 22% in a single day. They then staged a massive two-day rally of nearly 20% before falling to retest the lows. I'm giving this history lesson for an important reason. Yesterday's massive bounce doesn't mean the lows are in. We are still in "watch and wait" mode for the markets. 04ghd74j - 3b95 - dt38 - 43vg - g7sp38gt See this 32-digit code? It's the prototype for a brand-new digital infrastructure that is set to replace the "old internet" as we know it. Act now and you could profit from a market poised to grow 8,473% or more by 2024! Continue Reading >> Credit Warns: Stocks Aren't A Sure Thing Just Yet On that note, high yield credit spreads have broken out of their downtrend. However, they have MAJOR resistance right overhead. That HAS to be broken for this rally to have any legs. Investment grade credit spreads – which have lead credit during this bounce, courtesy of the Fed announcing it will start buying investment grade corporate debt – have already slammed into resistance and rolled over. My point with all of this is to NOT rush into stocks right now. Do not worry about trying to catch a bottom or timing the exact low on the markets. You're much better off waiting for clear signals that the market has DEFINITIVELY bottomed… and THEN start buying. Best Regards, Graham Summers Editor, Money & Crisis P.S. According to the Wall Street Journal, "when [markets] get wild, the computers at [Wall Street's] firms start selling – helping make it wilder still." Meaning if you do not have a way to fight back, you are helpless to your investments swinging up and down for no reason. Fortunately, my colleague James Altucher has found a way to help you fight back. He made a short video on just how to do so. Click here to watch it and learn how you could take back control of your money. Even if You Don't Read Dirty Magazines… Here's one time you should've… In 1981, a dirty magazine published an article that had the potential to make its readers filthy rich. They interviewed the author of Microcosm in 1990, Life After Television in 1994, and Telecosm in 2002. Each one of these books issued predictions of new tech that took the world by storm and would gotten you ahead of the millions of people investing in them. Today this same author has a new book and wrote: "The next paradigm could impact over $16.8 trillion in the world economy. And you could get very rich as it does." Click here to learn how to get a copy of this book showing you the companies that could make you fortunes. To end your Money & Crisis e-mail subscription and associated external offers sent from Money & Crisis, click here to unsubscribe. If you are having trouble receiving your Money & Crisis subscription, you can ensure its arrival in your mailbox by whitelisting Money & Crisis. Money & Crisis is committed to protecting and respecting your privacy. Please read our Privacy Statement. Phoenix Press, a division of Laissez Faire Books, LLC. 808 Saint Paul Street, Baltimore MD 21202. Nothing in this e-mail should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. © 2020 Phoenix Press, a division of Laissez Faire Books, LLC. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Phoenix Press, a division of Laissez Faire Books, LLC. EMAIL REFERENCE ID: 401MNCED01