5-7-24 Aiming for 5,300

Markets rallied to close above the 50-DMA on Monday, triggering computers' buy programs, and a final push at the end of the day produced a close at the high for the session. Markets are now over bought and on a buy signal with no real, near-term concerns about a decline. Watch for a bit of sloppy trading over the next few days, and what would be great would be for markets to re-test the 50-DMA, hold it, and then make another move higher over the next few days. This would confirm a pathway to re-test previous highs. We think 5,200 or 5,300 is likely the top of this rally. 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=wm2kCMEF0Lo&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our next Lunch & Learn: "Transitioning to Medicare" https://realinvestmentadvice.com/evrplus_registration/?action=evrplusegister&event_id=49 ------- 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/ #SP5300 #MarketDecline #NOConcern #Bullishness #MarketCorrection #FederalReserve #InterestRates #20DMA #50DMA #100-DMA #InvestingAdvice #Money #Investing