Don’t make this “fatal” mistake when it comes to investing

Here's Why I Think Another Market Rally Is About To Begin... [View Online]()|[Unsubscribe]( [Street Authority Daily] -[]Recommended Link [Don’t make this “fatal” mistake when it comes to investing]( Often the worst thing you can do when it comes to investing... is doing NOTHING. Let's face it, your money doesn't simply multiply under your mattress... and a "savings" account paying near zero interest isn't going to get you any closer to retirement. But there is a better way. Right now, you can unlock access to a unique advisory with the potential to hand you lightning-quick payouts of $2,327… $2,628… even $3,435… month after month. Interested? [Get the full story here.]( September 30, 2021 Here's Why I Think Another Market Rally Is About To Begin... By Amber Hestla [Amber Hestla] Last week was a volatile one in the stock market. That Monday, stocks opened sharply lower, and the selling continued throughout the first part of the day. At the low, SPDR S&P 500 ETF (NYSE: SPY) was more than 5% below its all-time high. The decline took just 11 trading days. During the rest of the week, SPY rallied back and closed high enough on Friday to eke out a small gain for week. As expected, the 50-day moving average (MA) was important to the price action. -[]Recommended Link [How to Grab $1,200 Today from Amazon's Annual Stock Move]( Some popular stocks make the same move each year. In fact, they're so predictable, we've made money from them every time they do this. Find out how to easily spot them for weekly payouts of as much as $1,463: [To use our secret today, click here.]( SPY did break below the MA. But the decline stopped right at an important support level near 429.68, which I've added to the chart above. That line is based on the principle of symmetry, which can be applied to charts. The 50-day MA shows the average trend in the stock market over the past 50 trading days, or almost three months. To capture the true trend over three months, we would want to use a 66-day MA since there are an average of 22 trading days in a month. But the 50-day MA is popular with traders and has been for decades. Because of its popularity, it's worth paying attention to. For the 50-day MA, or for any moving average, we tend to see prices move above it and below it. There is often a degree of symmetry in those moves. That means we often see prices move about the same distance above and below the MA. One reason for the symmetry is the fact that the distance from the MA shows the degree of emotion in the market. Extremes in exuberance, shown as large rallies above the MA, are often followed by extremes in pessimism, which result in large declines below the MA. Last week's selloff ended almost precisely at the first target based on symmetry, and prices are now likely to move back to new highs. Other Reasons For Optimism Sentiment confirms my optimistic outlook. Individual investors seem to be wary of the current rally. Bearish sentiment was essentially unchanged despite last week's gains in major indexes, according to the American Association of Individual Investors survey. Source: [AAII]( A large number of individuals turned bearish the previous week after a 3% drop in the S&P 500. They remained bearish. The shift in bullish sentiment came from a decline in the number of investors who have a neutral outlook for the next six months. As bears turn bullish, prices could rally substantially. Now, for the short-term outlook, I want to look at my indicators. And on that front, I am cautious in the short run. My ITV indicator remained bearish for SPY but is at a high level that's consistent with short-term bottoms. Its current position, with the indicator so far above the MA (blue line), means it is likely we should see a rally as ITV reverts to its average. My Profit Amplifier Momentum (PAM) indicator offers additional support for my optimism. This indicator already reached its bearish extreme a few weeks back - shown by the bars in the bottom panel - and is now moving back toward a "buy" signal. PAM is designed as a short-term indicator. So based on this, I'm optimistic that a rally is beginning. Editor's Note: While many traders take a stab in the dark for price swings, I've been using a proven system that leads to thousands of dollars in reliable income every month... Over 90% of the trades I recommend to readers are successful. The best part? It takes only a few minutes per week... and you could earn enough extra income to free you from relying only on Social Security, your savings, or even your job. To learn how my system works and how you could start earning thousands of extra dollars per month, [go here now](. -[]Recommended Link [Countdown to RESET 2021]( [Countdown to "RESET 2021"]( Time is running out... A [ground-shaking new prediction]( from Dr. Stephen Leeb estimates that millions of Americans are now facing a critical choice: make virtually unlimited wealth… or face back-breaking poverty. [Learn more here.]( To ensure that you receive these emails, [please add us to your address book.]( Disclosure: StreetAuthority doesn't own shares of any securities mentioned in this article. Members of our staff are restricted from buying or selling any securities for three days after being featured in our advisories or on our website. StreetAuthority is a publisher of financial news and opinions. StreetAuthority is not a securities broker/dealer or an investment advisor and we do not recommend or endorse any brokers, dealers or investment advisors. This work is based on SEC filings, current events, interviews, corporate press releases and publicly available information which may contain errors. All information contained in our newsletters and/or on our website(s) should be independently verified with the companies or sources mentioned. You are responsible for your own investment decisions and should always conduct your own research and due diligence and consider obtaining professional advice before making any investment decision. This message was sent by an automated message delivery platform. Please do not reply to this email address. Any messages sent to this address will be automatically deleted. We sincerely hope that you benefit from your subscription to this complimentary newsletter, and we're willing to do whatever it takes to keep you as a satisfied subscriber. You may contact our customer service department by [visiting this link](. To update your subscription or unsubscribe, please [click here](. Copyright (c) 2021 StreetAuthority, 7600A Leesburg Pike, Suite 300 Falls Church, VA 22043. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited. [Terms]( | [Privacy]( | [Unsubscribe](