Dipping a Cautious Toe Into the Water

There’s a reason to be hopeful. [Jeff Clark's Market Minute]( Dipping a Cautious Toe Into the Water By Jeff Clark, editor, Market Minute The S&P 500 has fallen for seven weeks straight. The index was above 4600 near the end of April. It closed on Friday at 3900 – a drop of more than 15%. And it registers as one of the worst seven-week performances for the stock market… ever. During this entire period, as the broad stock market was falling many of the technical indicators we follow were dropping right along with it. The S&P 500 would fall to a lower low, and all the momentum indicators fell to lower lows as well. That changed last week… Recommended Link [Billionaires rush into this $25 play – make your move now]( [image]( Bigger than crypto… Bigger than Wall Street… Bigger than ALL of Silicon Valley’s battered tech stocks tied together. Chamber of Digital Commerce member Jeff Brown says [this quadrillion-dollar shift]( is happening quietly – right under the noses of everyday Americans. Billionaires like Elon Musk & Mark Cuban are investing in a new tech that could write the [financial “source code” of the future](. The rollout could be days away. [Click here to discover Jeff’s $25 move now.]( -- It’s subtle. But if you look closely at the following chart of the S&P 500, you can see some positive divergence on the technical indicators at the bottom ([MACD]( [RSI]( and [CCI]( [(Click here to expand image)]( While the index dropped to a lower low, technical indicators like the MACD, RSI, and CCI all held above their previous lows. This sort of positive divergence is often an early warning sign of an impending change of trend from [bearish]( to[bullish](. Indeed, there was positive divergence on this chart back in mid-March. That set the stage for a two-week-long rally that powered the S&P 500 10% higher. For most of the past seven weeks, I’ve been watching this daily chart of the S&P 500 for signs of positive divergence that could help set the stage for another oversold bounce, or perhaps a more significant rally phase. And up until last week, the signs just weren’t there. 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. Now though, there’s a reason for bullish traders to be hopeful. Of course, it’s no guarantee. A continued decline in the S&P 500 this week could easily push the technical momentum indicators to lower lows, thereby wiping out the positive divergence. So, there’s still plenty of reason to be cautious. [Will You Be Left Behind?]( But for the first time since the current decline phase started at the end of March, the technical indicators are holding above their previous lows. That’s a potentially bullish sign. And it’s reason enough to dip a cautious toe back into the market’s water. Best regards and good trading, Jeff Clark Reader Mailbag In today’s mailbag, Jeff Clark Trader Greg member shares his thoughts… I've already subscribed about a week ago. I've never traded options but have done a lot of reading on them. However, it’s been a while. If I’m understanding this correctly, Jeff will use the ticker symbol GDX for every recommendation and he will tell us when to place it and when we should get out. I reopened a TD Ameritrade account today, and I’m excited to finally have a coach whose record speaks for itself to learn from. – Greg C. Thank you, as always, for your thoughtful comments. We look forward to reading them every day. Keep them coming – and send us any questions – at feedback@jeffclarktrader.com. In Case You Missed It… [Elon Musk, Mark Cuban, Jeff Bezos, The World Economic Forum, 15 Countries… What Do They All Have in Common?]( BOMBSHELL: Billionaires Ignite ‘Strange Transition’ - Why are Elon Musk, Mark Cuban, Jeff Bezos, The World Economic Forum, and 15 Countries piling into the same STRANGE technology? - Why is it estimated [that one-tenth of the entire world economy will be using this new technology?]( - Why is Warren Buffett (known for hating technology) investing $1 billion into it? Wall Street legend Teeka Tiwari says… [“A year from now, the financial world as we know it will look NOTHING like it does today…”]( Most folks aren’t ready for it, but the world’s biggest trillion-dollar markets – markets the average investor has NEVER had access to before… Are quickly becoming [“UNLOCKED…”]( [Click Here to See What This Means For Your Savings & Investments.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [The Ultimate Guide to Taking Back Your Privacy]( [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [The Gold Investor’s Guide]( [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). © 2022 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](