Sabtu, 01 Oktober 2022

416% Profit in a Down Market

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Dear Trader,

The American Apocalypse has begun, and it's about to get a lot worse.

Already, markets have fallen so far and so fast, investors have lost $15 trillion in value, the worst destruction of wealth since the Great Depression.

Already, many big-name stocks like Netflix and Facebook have been cut down by half or more.

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Not just money you have in stocks, but also money you have in bonds, real estate and even banks. Not just right now, but for many months to come.

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Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 28725.51 -500.10 -1.74%
NASDAQ Composite 10575.62 -161.89 -1.53%
S&P 500 3585.62 -54.85 -1.53%
SPDR S&P 500 357.70 -5.09 -1.43%
iShares Russell 2000 ETF 165.080 -1.050 -0.64%
U.S. STOCK INDEXES

The Dow closed sharply lower on Friday as it extended the decline off August's high to end the third quarter on a low note. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If the Dow extends the decline off August's high, monthly support crossing at 27,953.65 is the next downside target. Closes above the 20-day moving average crossing at 30,611.94 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 29,786.62. Second resistance is the 20-day moving average crossing at 30,611.94. First support is today's low crossing at 28,949.55. Second support is monthly support crossing at 27,953.65.

The December NASDAQ 100 close lower on Friday. Today's low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling sideways to lower prices are possible. If December extends the decline off August's high, monthly support crossing at 10,896.70 is the next downside target. Closes above the 20-day moving average crossing at 11,898.80 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 11,520.15. Second resistance is the 20-day moving average crossing at 11,898.80. First support is Thursday's low crossing at 11,091.50. Second support is monthly support crossing at 10,896.70.

The December S&P 500 closed lower on Friday as it extends the decline off August's high. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off August's high, the 50% retracement level of the 2020-2022 crossing at 3491.65 is the next downside target. Closes above the 20-day moving average crossing at 3862.62 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 3742.55. Second resistance is the 20-day moving average crossing at 3862.62. First support is Wednesday's low crossing at 3613.00. Second support is the 50% retracement level of the 2020-2022 crossing at 3491.65.



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