Stocks hit a new high again last week. Bullish fever is rampant as the market can do no wrong in the eyes of investors. However, since the top, the Dow Jones Industrial Average has dropped precipitously back to its 50-day simple moving average (SMA) in the 25,000 zone. The institutionally critical 200-day simple moving average is less than 300 points away in the world’s most followed index. Once insurmountable in a single trading session, today 300 plus DJIA points in a session is almost commonplace. —Recommended Link— This Guy Picks A 10-Bagger Every Year Growth-stock expert Andy Obermueller has… Read More
Stocks hit a new high again last week. Bullish fever is rampant as the market can do no wrong in the eyes of investors. However, since the top, the Dow Jones Industrial Average has dropped precipitously back to its 50-day simple moving average (SMA) in the 25,000 zone. The institutionally critical 200-day simple moving average is less than 300 points away in the world’s most followed index. Once insurmountable in a single trading session, today 300 plus DJIA points in a session is almost commonplace. —Recommended Link— This Guy Picks A 10-Bagger Every Year Growth-stock expert Andy Obermueller has been picking impressive winners for years… 46 of his stock picks quadrupled… 25 jumped over 500%… and he’s pocketed six 10-baggers, reaching gains as high as 1,263%! Now he’s sharing his secret with investors for the first time at the Fast-Track Millionaire Summit. Don’t miss it — reserve your slot now. Should the DJIA price pierce the 200-day simple moving average and not immediately bounce back above within a few days, as it did end of June into the start of July, expect a dramatic plunge in stock prices. #-ad_banner-#The reason for this forecast is because institutions closely follow the… Read More