Here Comes a Major Buying Opportunity

And here's how to know what to buy. [Logo]( Weekly Market Update Today is September 29, 2023 Dear Reader, If typical seasonal trends play out this year (and they probably will)... We'll start seeing the market bottom in a matter of weeks. Since the biggest, fastest profits are made coming off of market lows, spotting that market bottom – and the buying opportunity it represents — is key. Bill Spencer True Market Insiders Miss it, and it’ll likely be a few years before you get another bite at such a sweet, low-hanging apple. That said, while all the apples on the stock market tree might hang low, some of them harbor worms. And some of them are poison apples. In a moment I’ll show you how to tell the good from the bad. First, how close are we to the bottom? If you got a chance to [watch the video Chris Rowe sent you yesterday]( you already know the three signs that “the end is near.” I’ll just focus on #3. (If you haven’t seen the video, you should definitely check it out. The bottom is coming, and you’ll want to be prepared.) Chris calls this “the most important sign of a market bottom.”     It’s seen in an indicator you’ve read about here before. It’s the “granddaddy of all indicators” – the New York Stock Exchange Bullish Percent Index (NYSE BPI). This indicator is so central to our way of seeing the market that [we’ve dedicated an entire free website to tracking its every significant move](. Here’s the NYSE BPI as of yesterday’s close. “Here’s the key sign of a market bottom,” says Chris. “When the New York Stock Exchange BPI is below 30, and then reverses up to a column of X’s… “That’s a major sign of a market bottom.” In the image above, the dotted red box and the red arrow show where the chart will fall below 30 – into “oversold” territory. As you can see, it’s almost there. Now, if you look to the left on the chart you’ll easily see other times when the NYSE BPI got into oversold territory, below 30. Notice two things. One, a column of red O’s can fall much farther than the level indicated by the red arrow at the right side of the chart. And two, notice how, in most cases, the market springs much higher. This is why you should be very excited that we’re approaching a bottom. Quick reminder: We’re not just looking for the BPI to fall below 30. We’re looking for it to fall below 30 and then reverse into a new column of X’s. Now… How about them apples? The BPI is a “breadth” indicator, and it tells us when to invest (when the BPI is in X’s, i.e., when “Demand” is in control of the market). To know what to invest in, to know which apples are wormy and which are worthwhile… We look to relative strength. The Sector Prophets Pro sector research and data platform has the exact tool we need. It’s called the Sector Relative Strength Matrix, and it ranks all 45 sectors of the market in terms of – you guessed it – relative strength. Here’s what the top of the Matrix – where the good apples hang – looked like as of yesterday’s close. At the very top of the rankings we have two sectors you’ve heard us talk about before – Oil Service (#1) and Oil & Coal (#2). These sectors have dominated the market both during the summer rally and over the August/September seasonal pullback. So there’s your “what.” You want to be in the sectors that stood in the storm of a sell-off and gave little ground to the bears. This past Monday (9/25) I wrote about one particularly attractive Oil & Coal stock – CONSOL Energy Inc. (CEIX). At the time I was writing, CEIX was trading at $94.02. Today it made a new one-year high of $106.98 – a gain of +13.75% in five days. This week the S&P 500 is down almost 1.00%. That’s the power of relative strength to tell us what to buy. Have a great weekend! Bill Spencer Editor-in-Chief, True Market Insiders P.S.: Today we looked at when to invest and what to invest in. We didn’t say anything about the most important factor – HOW you invest. I mean, what risk management tools are you using to protect your investment capital? This is key because, at market bottoms, prices can catapult higher only to reverse suddenly. You gotta keep yourself safe. Chris uses a particular type of trade that – because it uses options – automatically handles this business of how to invest for minimum risk. [Click here to let the man himself tell you about it.](   [Could a Gov’t Shutdown Wreck Your Portfolio?]( [Here’s What the Wall Street Experts All Miss]( [Here’s My “Go To” Strategy For This Kind of Market]( [YouTube]( [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( DISCLAIMER ©2023 by True Market Insiders, LLC, Protected by copyright laws of the United States and international treaties. 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