The Real Investment Show Podcast

Bull Rally Remains Intact (2/23/24)

02.22.2024 - By Lance RobertsPlay

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Markets sold off Wednesday to test the primary trendline of the bull rally at the 20-DMA. This behavior confirms, for the moment, that the bull rally remains intact. Thanks to Nvidia's big earnings report yesterday, we're expecting a big jump at the open this morning. There are two key things to watch: We still have this consolidation going on, as markets really haven't gone anywhere for the past couple of weeks. The over-bought condition in relative strength, however, has been declining, creating a negative divergence between markets and relative strength. If, in the short term, relative strength can improve, the sell-signal will flip to "buy," and markets will continue to move higher. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Articles mentioned in this report: "Don’t Fear All-Time Highs, Understand Them" https://realinvestmentadvice.com/dont-fear-all-time-highs-understand-them/ ------- Register for our next Candid Coffee: "Five Money Habits of Unhappy Couples," Saturday, February 24, 2024: https://streamyard.com/watch/xRDYWQQqdFaF --------  Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel:  https://www.youtube.com/watch?v=JH-n2TiaxgI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- 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/ #InvestingAdvice #MagnificentSevenStocks #SP5000 #BullishMarketTrend #NegativeDivergence #RelativeStrength #20DMA #Markets #Money #Investing

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