This Reliable Indicator Just Flashed a Buy Signal

We’re in the time frame now where, if this buy signal is going to play out, we should see a quick, short-term bounce. [Jeff Clark's Market Minute]( This Reliable Indicator Just Flashed a Buy Signal By Jeff Clark, editor, Market Minute The stock market is setting up for a short-term bounce. But make no mistake… the long-term and intermediate-term trends for the stock market remain bearish. The S&P 500 [closed February]( below its 20-month exponential moving average (EMA) line. That’s bearish. And the NYSE McClellan Summation Index (NYSI) generated an intermediate-term sell signal [two weeks ago](. That’s bearish too. Recommended Link [Market Wizard Larry Benedict revealing his best-kept secret for just $19]( [image]( Market Wizard Larry Benedict went 20 years on Wall Street without a single losing year… He delivered 23% returns in 2008 (while the market plummeted 37%)… And last year, he showed his readers how to make money nearly every week. For a limited time, he’s revealing his best-kept secret for just $19. This is the best deal he’s ever offered for his research service… and it could disappear at any time. Plus, he’s even offering a 10-second “over the shoulder” demo of his strategy in action. [Watch it here…]( -- But one of our most reliable short-term trading indicators just flashed a buy signal. So, we could soon see a few days of upside action in stocks. Last week, the Volatility Index (VIX) generated a broad stock market buy signal. Take a look… [(Click here to expand image)]( The VIX generates a buy signal when it first closes above its upper Bollinger Band, and then closes back inside the bands (blue arrows). That happened last week, and it gave us our first buy signal of 2023. 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. Last year, the VIX gave us three buy signals. Here’s how those signals (blue arrows) played out on the S&P 500… [(Click here to expand image)]( In all three cases last year, the S&P 500 experienced a bit more short-term weakness before putting on a sharp, quick bounce. Within one week, the index gained more than 100 points following the VIX buy signal last April. It popped 150 points higher in about a week in June. And the buy signal in late September was good for a 150-point pop in the index – which again, lasted just over one week. Last Thursday, the VIX generated a buy signal. Since then, the stock market has experienced a bit more short-term weakness. [Finally, gain financial freedom in 2023 using this method]( We’re in the time frame now where, if the buy signal is going to play out, we should see a quick, short-term bounce. If the bounce follows the same script as all three of the VIX buy signals last year, then the S&P 500 could be trading near 4100 or so by this time next week. So, while technical conditions remain bearish for the intermediate- and long-term time frames, the stock market is set up for a decent short-term bounce. Best regards and good trading, [signature] Jeff Clark Reader Mailbag In today’s mailbag, a [Delta Report]( member shares their thoughts on where the market is headed next… I predict the next market move to be up. The threat of war hasn't dampened the market. The threat of a 50-point raise has a minor effect. “Buy the open” and “sell the close” still seems to be working. Zero-day options are now massive enough to swing the market. The “Inverted Hammer” pattern on the February 24 VIX indicates a coming drop – 74% accurate. The following “Three Outside Down” pattern would also indicate a pending drop in the VIX – 93% accurate. The market rise since October continues to be broad-based. Massive tech layoffs stimulate the market business investment. The downtrend line, in place since January 22, has been broken to the upside. Last week has been to test the new bull market. – Halmer W. 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… [Historic Changes to Your Savings? (March 21st)]( “As a former Goldman Sachs managing director, I feel it’s my duty to warn you about what may be coming on March 21st. [It all starts with a new Presidential executive order, that may directly install MAJOR changes to your bank account.]( And it’s all backed by the biggest companies in the world: Citigroup, Ford, MasterCard, Visa, and Coca-Cola. Stephen Roach, former chairman at Morgan Stanley, says: [“U.S. living standards are about to be squeezed as never before.”]( Listen, I’m not here to scare you… but I am here to help you prepare. I get into all the details and the exact steps I’m taking.” – Nomi Prins [Click here to see what’s NEXT for America…]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. 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