Are We Officially Out of the Danger Zone? Plus 3 Stocks To Fade

by | Oct 18, 2021 | Market Updates

The markets are opening down this morning. The Dow Jones was down 113 points, the Nasdaq was down 70, and the S&P was down about 16 points. We had two full days above the 50-day moving average last week, but that’s not as positive a move as I’d like to see.

And if we fall below the 50-day MA, we’ll be back in the twilight zone, that area between the 50- and 200-day MAs. When we’re in that zone, there’s not much direction in the markets.

In today’s video, you’ll learn why we’re not out of the danger zone yet… which sectors to focus on… why holding bonds is wise right now… major levels to focus on… which index is leading and which is lagging… and three stocks to fade during a choppy, sideways market.

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

What to read next

Have any questions? Contact Our Customer Service Team