Ugly Friday, Ugly Monday

[Jeff Clark's Market Minute]( Ugly Friday, Ugly Monday By Jeff Clark, editor, Market Minute Ugly Friday created a very ugly Monday. The fear index, aka the VIX jumped 42.3 points from Friday’s close of 23.39 to its high of 65.73 on Monday, before dropping back to 32.81, at writing. [chart] [(Click here to expand image)]( I don’t think we’ll see it get to that level again. But, it all happened so fast, I’m not sure it gave folks enough time to panic. In any case… I suspect we are closer to the end of this short-term decline phase than to the beginning of it. Recommended Link [Expert Who Predicted the Biggest Financial Events of The Last 30 Years, Issues New WARNING:]( [image]( Eric Fry has called every major market-event of the last 30 years… Recommending 41 stocks – EACH one hitting 1,000%+ returns… But today, Eric releases his biggest WARNING of 2024. In short… [The world’s wealthiest investors (Jeff Bezos, Mark Zuckerberg, 48 members of Congress, and more) are about to exploit a massive “transfer of wealth” at the cost of your own personal savings.]( The last time this happened… In the 2020 crash – the top 1% added $15 trillion to their net worth…  Meanwhile, the middle class has suffered ever since.… [But now – another major ‘transfer of wealth’ has just begun.]( Today you have ONE final chance to follow alongside the wealthy, in what may be the [greatest investment moment of 2024.]( [Click here.]( -- Be Patient There is no urgency to step up and buy. The McClellan Oscillators (NYMO and NAMO) still have plenty of room to fall before the reach extremely oversold levels (-60 or lower). [chart] [(Click here to expand image)]( [chart] [(Click here to expand image)]( But, we are nearing the point where it will make sense from a risk/reward perspective to start adding long positions. If the S&P declines 100 points or more, then aggressive traders can look to buy some of the more beaten down names. Gold and silver, for their parts, are trading higher. The mining stocks are underperforming the metals. So, I’m not sure the gains in the metals will hold… 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. My Advice Right now, the best advice I can give is to remain calm, be patient, and don’t lose your head. If you’re stressed about your positions in the markets, you either have too much money at stake, or your risk management systems need to be looked at. Now is a great time to do that. Remember, this is the market environment where traders thrive. It’s getting interesting again. We’ll wait for the dust to settle a bit and see where the best opportunities for reversion-to-the-mean trades lie. Be on the lookout for my next video edition of Market Minute. I’ll get into all of this more then. In the meantime, if you use X (formerly Twitter) make sure you’re also following me there, [@JeffClarkTrader](. Best regards and good trading, [Signature] Jeff Clark [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](