12/7/22 Here’s Your Opportunity, Chart: Generational Lows


On Tuesday, the sell-off continued. Stocks fell for a second day, and once again, all four indexed closed deep in the red…

  • Dow Jones -1.0%
  • Nasdaq -2.0%
  • S&P 500 -1.4%
  • Russell 2000 -1.5%

Sector Round Up

10 of 11 sectors ended Tuesday red too.

Falling the hardest…

  • Communication (XLC) -2.9%
  • Energy (XLE) -2.7%
  • Technology (XLK) -2.1%

The lone green sector…

  • Utilities (XLU) +0.6%

Headlines switched from blaming The Fed on Monday to blaming recession fears on Tuesday.

We believe it’s all part of the known seasonal weakness that is typical of early December.

And there’s a possible turning point nearby…


The rising line of support we drew weeks ago is getting closer…

SPY Daily Candles – Chart via thinkorswim

With no warning signs flashing, we’re maintaining our bullish outlook … The yellow line could be the turning point.


Let’s pull WAAAAAAY back and look left…

Chart from BofA Global Research

This chart, which shows the S&P 500 from 1930 through the present, is circulating among high-net-worth investment advisers.

If the 2009 generational low holds true, every dip from the 2020 Covid crash to the current weakness is an opportunity to buy.

We are in year 9 of the current secular bull market. The average length is 18 years.

How you use this information is up to you.

We remain bullish.


*Low Float
^Open Position

*USEA support at $3.70
*YMTX resistance at $2.20
*BBW support at $22
SIG resistance at $20
WNC resistance at $26
RCUS support at $31
^MANU resistance at $23
FIVE on watch
GRWG support at $7
^CROX support at $95
^RYAM support at $8
PRQR resistance at $1.40
CPRX support at $16
TOUR support at $1.40
YEXT support at $6
GEO support at $11
MNSO support at $11
WDH support at $1.80
RLX support at $2.50
TME support at $7

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