How the Sausage is Made

Stock market bottoms are like sausages… [Jeff Clark's Market Minute]( How the Sausage is Made By Jeff Clark, editor, Market Minute Stock market bottoms are like sausages… It’s not pretty to watch how they’re made, but the end result is delicious. Last week’s action in the stock market was ugly. The S&P 500 is back down to the early October lows. It closed Friday below its 200-day moving average line, which is widely viewed as critical support. And with all of the geopolitical concerns around the globe, buying stocks is the last thing most investors feel like doing at this point. But from a risk/reward perspective, it’s certainly better to be a buyer of stocks today with the S&P 500 near 4200 than it was last week, or even back in July. From a technical perspective, we have a much better setup for a stock market bottom today than we did earlier this month. Recommended Link [This “Amazon Loophole” Could Fund Your Retirement]( [image]( Using a little-known “Amazon loophole...” Regular Americans can collect up to $10,000 in payouts (or more) from what I call: “Amazon’s secret royalty program...” It’s all thanks to [a ‘loophole’ in the U.S. tax code]( buried on page 1,794, in section 561... In fact, regular Americans are already collecting as much as $30,000 in payouts from “royalty programs” just like this...* And the best part is: All you need is a few minutes and a smartphone to get started! [Click Here for the Full Story. (“Amazon Loophole” Revealed Inside)]( *Verified reviews. Past performance does not guarantee future results. -- Regular readers will recall that two weeks ago we pointed out that [the broad stock market was setting up for a bounce]( but we didn’t yet have the setup for a sustainable rally. The problem was that October bottoms usually occur with positive divergence on the momentum indicators. And two weeks ago the daily chart of the S&P 500 didn’t show any divergence. That problem has now been solved. Take a look at this updated chart of the S&P 500… [(Click here to expand image)]( Similar to what happened last October, the S&P 500 has made a lower low, but the technical momentum indicators at the bottom of the chart are all making higher lows. This sort of positive divergence often occurs at the end of a decline phase and leads to the start of an intermediate-term rally phase. We didn’t have this divergence in place two weeks ago. So all we got was a modest bounce off of oversold conditions. Now though, after last week’s ugly action, the conditions are in place for a sustainable rally into the end of the year. 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. Of course, there aren’t any guarantees. For reference, though, traders who bought into this same type of setup last year enjoyed a 14% gain in the S&P 500 within six weeks. A similar move this year would have the index trading at new highs for the year by Christmas. Best regards and good trading, [Signature] Jeff Clark READER MAILBAG Will you take advantage of these actions or hold off? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [REVEALED: Strange tech trend grips Wall Street]( A strange new trend is spreading across Wall Street right now… Banks like Bank of America, BlackRock, and Vanguard are dumping Nvidia right now. Instead, Wall Street is piling into an artificial intelligence (AI) company some call the “next Nvidia.” [This new video reveals WHY (and HOW to cash in).]( [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. 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](