Stock Market Timing Television - Weekend Edition
Oct 23, 2022 10:43 pm
Good day.
Well, the week ended on a positive note, but it was not enough to generate any major weekly trend changes.
A lot of people are excited that the Dow was able to close above the early October highs.
But it's far more important to watch the S&P 500 and the NASDAQ which did not close above their October highs. And neither did the TSX.
Yes, it's exciting to see all these new short-term buy signals, but unless the major megatrends start to change, I would not expect a rally to continue for very long.
Click below to watch today's video.
This video has been translated into Arabic, Chinese, French, Japanese, and Spanish.
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