How I Deal With Fear in the Markets

On July 31, I suggested that stocks were running out of steam. [Jeff Clark's Market Minute]( How I Deal With Fear in the Markets By Imre Gams, analyst, Market Minute On July 31, I suggested that [stocks were running out of steam](. This wasn’t a popular take at the time… The S&P 500 had just climbed over 20% between March 13 and July 27. Many traders thought the rally would continue. Market Minute readers, however, were prepared for the volatility. Since that update, stocks have fallen over 9%. That’s against a backdrop of renewed fears that interest rates will stay higher for longer than originally anticipated. U.S. 10-year yields are now trading at levels not seen since 2007. The S&P 500, on the other hand, is trading back where it was in May 2022. There’s a lot of fear in the market right now. And it seems that everyone is getting increasingly bearish. This is a common occurrence any time the market is getting ready to turn. At market tops, there’ll be no signs of fear and doubt. Almost everyone will tell you things can only keep going up. It’s the opposite during selloffs. Investors will tell you things can only keep getting worse. Recommended Link [He Declined to Go on CNBC – Now He’s Finally Revealing His “Millionaire Secret”]( [image]( During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret. Jeff politely said no. And now, years later, Jeff is back to finally bring this secret into the light. …Revealing how anyone can collect huge gains in just 8 days… in bullish AND bearish markets! And why you need to IGNORE 99.9% of the market, instead focusing on only ONE stock. [(ticker revealed here)]( Jeff says: “I am tired of watching as investors lose their shirts buying risky assets… even my OWN SON lost -60% in crypto & tech stocks… now I’m going to give him a [“Financial Intervention”]( to help him win his account back in 2023!” [Click Here to Watch Jeff Demonstrate This ONE Stock Secret.]( -- The market is most likely to turn when sentiment reaches either a positive or negative extreme. While there are many ways to assess sentiment, my favorite method is looking at a price chart. And right now, my analysis is that the stock market is very close to finding strong support. I’ve prepared an updated chart of the S&P 500 with key technical elements traders should look out for. These include the powerful 200-period moving average (MA), a key support level, and oversold conditions in the Relative Strength Index (RSI). You can check out the chart below. [(Click here to expand image)]( It’s not often you have so many pieces of bullish evidence all lining up at the same time. The 200-MA is a great indicator for identifying bigger-picture key levels. You can see on the chart how the market reacted to the 200-MA back in March. At the time, the market broke below the 200-MA for just a couple of days. Then the market popped right back up. It didn’t look back until putting in a top on July 27, rallying around 17% in the process. And it just so happens that the 200-MA lines up almost perfectly with an important support level at 4179.75. This level was previously resistance back in April and May. You can see on the chart how the market took several days to finally break through that resistance. Now that the market is coming back down, that broken resistance level should offer some support. 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. Finally, we have the Relative Strength Index (RSI), one of my favorite momentum indicators. As of writing, the RSI was flashing a reading around 28. Such a reading is considered oversold. It’s important to point out that, on its own, an oversold reading isn’t enough for a clear picture. That’s why it’s so important to combine the RSI with other analytical tools like moving averages and key levels. If the market is going to bottom out, we should find out soon considering how close we are to all this technical support. In that case, I expect a rally to take the market back to at least 4500. On the other hand, if we cut right through all this support, it means the bears aren’t done with this market quite yet. And I see the market dropping down near 4000. Happy trading. [Signature] Imre Gams READER MAILBAG Are you watching for the market to bottom out? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [EXPOSED: 722 Banks Stealing Your Money]( [Can you trust your bank?]( If you’re a hard-working American… You’ll want to see exactly how 722 banks and the Federal Reserve are stealing your money’s value (Hint: it’s often done in secret). It’s all part of a terrifying plan to destroy the finances of millions of Americans. To view the burning evidence, [click here](. In just a few minutes, you’ll see the truth they tried to keep hidden from you... Plus, you’ll get [the one simple step you must take today]( – to avoid losing everything you’ve worked so hard to save. Because the fact is, we’re about to witness a financial crisis. But not the kind you’d expect. According to CNBC, we’re officially going to hit [‘America’s Breaking Point’]( which will blindside nearly every person you know. Including your family. Meanwhile… The big banks, the Fed, and the world’s top CEOs are all laughing about it. [Click here to find out how to fight back, how to protect your life savings, and how to thrive in the weeks ahead.]( [image]( [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). © 2023 Omnia Research, LLC. All rights reserved. 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