{"id":19704,"date":"2022-05-09T07:30:53","date_gmt":"2022-05-09T11:30:53","guid":{"rendered":"https:\/\/www.jeffclarktrader.com\/?p=19704"},"modified":"2022-05-09T07:30:53","modified_gmt":"2022-05-09T11:30:53","slug":"this-bounce-might-stick-this-time","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/this-bounce-might-stick-this-time\/","title":{"rendered":"This Bounce Might Stick This Time"},"content":{"rendered":"

Andrew’s note<\/strong>: In just a couple of days, Jeff will present one of the most reliable strategies of his career to help protect your retirement…<\/p>\n

It’s all thanks to a 44-day long market phenomenon<\/a> that\u2019s guaranteed to happen. In these volatile times, being a buy-and-hold investor is no longer viable\u2026 to protect your money now you\u2019ve got to be in and out of the market with quick trades.<\/p>\n

Jeff will go in-depth on this 44-day market window during his presentation on Wednesday, May 11 at 8 p.m. ET. This could be the key to securing a profitable retirement, so click here sign up for FREE<\/a>.<\/p>\n

\n

By Jeff Clark, editor, Market Minute<\/em><\/strong><\/p>\n

Let’s try it again…<\/p>\n

The past two Mondays, we took a look at the oversold conditions in the stock market, the sky-high put\/call ratio<\/a>, and the overwhelmingly bearish investor sentiment<\/a> (a contrary indicator), and we figured the market was ready to put on a strong oversold bounce.<\/p>\n

And, for each of the past two weeks, we got that bounce. But it was short-lived.<\/p>\n

Stocks gave up their gains. And the S&P 500 finished the weeks lower than where it started.<\/p>\n

Today, we’re looking at a similar situation to what we saw the past two Mondays. The stock market is oversold. The CBOE put\/call ratio Is high. And investor sentiment is wildly bearish<\/a>. So, yes, I’m looking for a bounce.<\/p>\n

But there are a couple of minor, subtle differences to last Friday’s action that have me thinking a bounce this week could hold up.<\/p>\n

Let me explain…<\/p>\n

On the previous two Fridays, the stock market sold off hard. The selling pressure was constant during each of those sessions. And the selling intensified closer to the closing bell.<\/p>\n

The S&P 500 closed on its lows on the previous two Fridays. Buyers weren’t willing to step up and add long exposure going into a weekend. And sellers took whatever they could get.<\/p>\n

It was different last Friday… Despite stocks trending lower all day, buyers stepped up in the final thirty minutes of the session.<\/p>\n

The S&P was trading at 4090 late Friday afternoon. It looked like we were setting up for another push lower to finish the week.<\/p>\n

But then, for whatever reason, buyers showed up. The S&P 500 rallied 33 points in 30 minutes.<\/p>\n

The market still closed lower on the day. But it closed well off of its lows. And that’s a big difference from what occurred the previous two weeks.<\/p>\n

Another subtle, but important distinction, occurred in the Volatility Index (VIX)<\/a>…<\/p>\n\n\n\n
\n

Free Trading Resources<\/strong><\/p>\n

Have you checked out Jeff’s free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career \u2013 at zero cost to you. Just click here<\/a> to check it out.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The VIX usually moves counter to the market. In other words, when the market rallies the VIX falls. And, when the market falls, the VIX rallies.<\/p>\n

Indeed, on the two previous Fridays, as the stock market fell, the VIX popped higher. But that changed last Friday.<\/p>\n

The S&P 500 finished the session down 23 points. The VIX, however, fell too. It finished the session more than 3% below where it started.<\/p>\n

Often, whenever the VIX falls along with the stock market, the stock market manages to recover in the days ahead.<\/p>\n

None of this means we’re headed for a rip-roaring rally back to new all-time highs. That’s not likely to happen anytime soon.<\/p>\n

But just as we were set up for a bounce last week, and the week before, we look set up for another one again this week.<\/p>\n

And this time… it just might stick.<\/p>\n

Best regards and good trading,<\/p>\n

<\/p>\n

Jeff Clark<\/p>\n

P.S.<\/strong> With inflation on the rise with no end in sight, many folks are worried that they\u2019ll fall behind on their retirement plans.<\/p>\n

Luckily, there\u2019s a strange market phenomenon that\u2019s triggered by a federal law coming up in just a couple of days… which could help you accelerate your retirement<\/a> even in this volatile market.<\/p>\n

You could double your money, or more, dozens of times during this 44-day period\u2026 no matter what\u2019s happening in the stock market.<\/p>\n

We\u2019re just days away from this window… So don’t miss my special briefing on Wednesday, May 11 at 8 p.m. ET.<\/a> I\u2019ll even give away three stock names that I\u2019ll be targeting during this window to those who attend.<\/p>\n

Reader Mailbag<\/strong><\/h2>\n

Which way do you think the market will head next?<\/p>\n","protected":false},"excerpt":{"rendered":"

There are signs that this could hold up…<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"service":"","footnotes":""},"categories":[1],"tags":[],"publication":[10],"person":[7],"newsletter-type":[],"ticker":[],"class_list":["post-19704","post","type-post","status-publish","format-standard","hentry","category-market-minute","publication-market-minute","person-jeff-clark"],"acf":[],"ai_tts_audio_outdated":false,"ai_tts_legacy_post":false,"_links":{"self":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/19704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/comments?post=19704"}],"version-history":[{"count":0,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/19704\/revisions"}],"wp:attachment":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/media?parent=19704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/categories?post=19704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/tags?post=19704"},{"taxonomy":"publication","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/publication?post=19704"},{"taxonomy":"person","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/person?post=19704"},{"taxonomy":"newsletter-type","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/newsletter-type?post=19704"},{"taxonomy":"ticker","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/ticker?post=19704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}