7-29-24 Is the Correction Over?

The Real Investment Show Podcast

Markets corrected last week and tested the 50-DMA, and on Friday bounced with a decent rally above that point. But, a violation of the moving average on one day means nothing. Note, however as we move into August, which is not a great month, but it's not terrible; the sell-signal is still firmly in place, so it's unlikely that the current correction is over. In fact, we could be in this correctional propcess for a month or two, heading into the election. At this point take care to use rallies to sell into; don't try to buy the dip. It's way too early for that. 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=yr61HU_sQ6Q&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- 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/ #20DMA #50DMA #Retest #SupportLevel#SectorRotation #MegaCap #RussellSmallCap #BondYield #ProfitTaking #OverboughtMarkets #BuySignal #SellSignal #MarketBullishness #MarketCorrection #InvestingAdvice #Money #Investing