One Last Hoorah

The market’s about to go bearish, but not before it rallies one last time to new highs… [Jeff Clark's Market Minute]( One Last Hoorah By Jeff Clark, editor, Market Minute It’s almost time to turn bearish on the stock market. As we approach the seasonally weak months of September and October, stocks are likely to get hit with selling pressure. Before we get to that point, however, the market looks poised for one last hoorah – one more rally to new highs. Recommended Link [Must-See: Elon’s New Invention is Ground Breaking]( [image]( When you [click here and see what Elon Musk’s new invention does…]( And how it works… You may NOT believe it. You may tell yourself this is just science fiction. But Elon just tested this in a real human… And the result was mind-blowing. [Click here to see it.]( -- The Range for a Rally You see, the Volatility Index (VIX) just generated a new buy signal. Look at this chart of the VIX, along with its Bollinger Bands… [(Click here to expand image)]( Bollinger Bands (the blue lines) indicate the most probable trading range for a stock or an index. Whenever a chart moves outside of its Bollinger Bands, it signals an “extreme” condition. In the case of the VIX, these extreme conditions trigger buy and sell signals for the broad stock market. Sell signals occur whenever the VIX closes below its lower Bollinger Band and then closes back inside the bands. Buy signals occur when the VIX closes above its upper Bollinger Band and then closes back inside the bands. On Monday, we got the sixth VIX buy signal of 2024 so far. Four of the five previous signals marked short-term lows in the market, and led to gains for traders who bought the S&P 500. The one signal that failed was in early April – when the VIX reversed a few days later and closed above its upper Bollinger Band again. The buy signal that followed in mid-April, however, generated a 300-point gain in the S&P 500 in less than one month. We wrote about that signal [here]( advising readers of the potential for a big rally. This current signal has similar potential. Last week’s stock market decline relieved the overbought conditions on many of the technical indicators. Those indicators now have room to rally again, and perhaps help to push the S&P 500 to another all-time high. Free Trading Resources 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 – at zero cost to you. Just [click here]( to check it out. Of course, there are plenty of reasons to be cautious on the stock market for the intermediate term – valuations are extended, investor sentiment (a contrary indicator) is overwhelmingly bullish, speculative activity is at historic highs, and we’re heading into a seasonally weak period for the broad stock market. For the short-term, though, VIX buy signals have an outstanding track record. Bears should let this one play out before attempting to add short exposure. Bulls can step in and buy right here, in anticipation of the market making a new high. Just don’t overstay your welcome. September is coming. Best regards and good trading, [Signature] Jeff Clark Editor, Market Minute [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](