You should trust your instincts if you’re nervous because of the wobbly action in the S&P 500 Index SPX, -1.11%, Nasdaq COMP, -1.07% and the Dow Jones Industrial Average DJIA, -0.87% since these indices got slammed in early September.
I’ve watched Williams accurately call many market twists and turns in the 15 years I’ve known him. I know of more than a few money managers who trust his judgement. Williams has won or placed well in the World Cup Trading Championship several times since the 1980s, and so have students and family members who apply his lessons.
Expect an extended stock market selloff To make market calls in September, Williams turns to what he calls the Machu Picchu trade, because he discovered this signal while traveling to the ancient Inca ruins with his wife in 2014. Williams, who is intensely focused on seasonal patterns that consistently play out over time, noticed that it’s usually a great idea to sell stocks — using indexes, mostly — on the seventh trading day before the end of September.
“Gold has not been able to stay in step with what happened in the past, therefore the seasonal pattern should work this year,” he says. • It makes sense to buy retail names just before Thanksgiving for the typical rally that plays out for a few weeks heading into the holiday shopping season. Names to consider at that point include: Walmart WMT, -1.02%, Target TGT, +0.82%, Home Depot HD, -1.70% and Costco Wholesale COST, -0.86%.
Finally, a correction was needed.
if u had $1 for each one of the of these b.s. hack doom and gloom articles..... u wouldn't need to invest money....you'd be burning it bc u have no space to store it all.
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