This Month’s Action Is Crucial to Avoid Carnage in 2023

If the market can rally this month, it could negate this bearish signal – at least for now. [Jeff Clark's Market Minute]( Jeff’s Note: On Wednesday, thousands of folks joined my urgent briefing… if you missed it, it’s not too late to get in on my secret strategy for profiting off an imminent $4 trillion market “snap.” And if you’re holding stocks right now, then you’ll want to hear [how to position yourself correctly]( before this legally mandated event strikes. Failing to prepare could mean a missed opportunity to potentially double – or even triple – your money within the next 40 days. That’s why I gave all attendees the name and ticker of three stocks I’m closely watching right now. To find out what they are, just [click here to watch the free replay](. --------------------------------------------------------------- This Month’s Action Is Crucial to Avoid Carnage in 2023 By Jeff Clark, editor, Market Minute The bulls need a rally this month. Otherwise, the bear could cause some serious damage in early 2023. Let me explain… [On Tuesday]( we looked at a couple of indicators that were in extremely overbought territory. We suggested that condition could lead to some short-term trouble for stock market bulls. And the chart we’ll look at today suggests the bulls could have some longer-term trouble… Recommended Link [This doesn’t trade on the stock market (but it’s KEY to your financial survival)]( Inside this box is $741,233 worth of prized “trophy” investments. [image]( Considering a skilled thief could retire on what’s inside… It was no small risk taking them out of the safe… onto the road… And into the studio for my latest interview. So why risk it? Well, for centuries only the rich could enjoy these assets… Forbes calls them: “A better investment than gold, stocks, and real estate.” But with a record $844 Trillion spilling into a new investing marketplace… [Anyone with $50 can buy in - here’s how (video).]( -- Below is the monthly chart of the S&P 500 plotted along with its 9- and 20-month exponential moving averages (EMA)… [(Click here to expand image)]( This chart is simple… If the S&P 500 is trading above its 20-month EMA (the blue line), then we’re in a long-term bull market. If the index is below the line, then the bear is in charge. You can see how breaches of the line – in late 2000 and early 2008 (blue arrows) ­– led to significantly lower stock prices in later months. You can also see there were several breaches of the line since 2008 that did NOT result in longer-term carnage. Indeed, the market recovered quickly from the declines in 2010, 2011, 2015, 2018, and 2020. So, how do we know if the current breach of the line is going to play out like the bear markets of 2000 and 2008? Or is it going to be a milder version of a bear market like all those breaches since 2008? 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. Well, just look at the 9-month EMA (red line)… During all the milder declines since 2008, the 9-month EMA stayed above the 20-month EMA. But when the 9-month EMA crossed below the 20-month EMA during the bear markets of 2000 and 2008, the declines accelerated. The 9-month EMA finished October below the 20-month EMA. This “bearish cross” is a big cause for concern in the months ahead. It’s warning of an accelerated decline in the stock market to kick off 2023. Unless… the market rallies hard enough in November to pull the 9-month EMA back above the 20-month EMA. The two moving averages aren’t that far apart. Heck, we really can’t even see the bearish cross on the chart. So if the market can rally this month, then it could negate this bearish signal – at least for now. Since this is a monthly chart, all that matters is how this picture looks at the end of November. [Bill Gates, Jeff Bezos & More Billionaires buying $4 Stock]( If the S&P 500 can finish the month above 4025 or so, then that should be enough to eliminate the bearish cross. But if the bearish short-term action we’ve seen so far this month continues, then the chart above will look more like 2001 and 2008. And we all know what happened back then. Best regards and good trading, [signature] Jeff Clark Reader Mailbag In today’s mailbag, a new member shares his experience with [Jeff Clark Alliance]( I joined Jeff Clark Alliance about two weeks ago to discover more educational content. What a wealth of knowledge! You make the topics easy to understand and immediately useful. I'm looking forward to utilizing the forex knowledge I’m learning. – William Q. Thank you, as always, for your thoughtful comments. We look forward to reading them every day. Keep them coming at feedback@jeffclarktrader.com. In Case You Missed It… [Holy Cow, Only $19!]( “Hi, my name is Jeff Clark. For the past 36 years, I’ve helped people from all walks of life make money in the markets. Retired stockbrokers… presidents of companies… people with almost no financial experience… and everything in between. But I haven’t done it the usual way… My method is different. It’s unlike anything you’ve probably ever seen before. [We’re unveiling it right now for just $19.]( That’s the lowest price currently offered for a trading research service… And it won’t be available for long. [Watch a ‘10-second live demo’ of this method]( to see how it works." 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