Stock market is at the start of a selloff, says veteran trader Larry Williams

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The stock market is at the start of a selloff, says veteran trader Larry Williams: (OPINION by Michael Brush)

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%.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Snowflake, Tesla, Kodak: What to Watch When the Stock Market OpensSnowflake is down premarket after a torrid debut that saw its stock more than double in value on Wednesday. Here's what we're watching before the stock market opens. Fed/Powell: 'If we do not see another 3T stimulus package....considerable downside risks leading to evictions, foreclosures & badly scar our economy.' 🌷 Quickly unwinding & retracing 1/2 way to March lows before 9/29 presidential debate... = Trump Kryptonite
Källa: WSJ - 🏆 98. / 63 Läs mer »

Snowflake IPO: Stock can double if company outperforms Oracle - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. CEO Adam Brimo talks at ASX conference, all about OpenLearning=ASX$OLL OpenLearning Ltd ASX:OLL Has partnered with some of the major universities. Partnerships that could become the cornerstone of a much bigger arrangement. This is some predicted stock pricing for OpenLearning=ASX$OLL Motley fool article on OpenLearning=ASX$OLL🚀
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Analysis: The simple thing Trump doesn't get about the stock marketDuring a town hall on ABC, President Trump said, 'Stocks are owned by everybody.' CNN's ChristineRomans explains why a booming stock market does not help everyone. ChristineRomans Strong stock market makes companies prone to hiring and spending on capital project, so he’s right. ChristineRomans That statement seriously reinforces how completely out of touch trump is with most Americans. Not that he cares. ChristineRomans I want to say first that I disagree with Trump on all levels, but you are misleading your viewers with the data you’re showing. Families own stocks when they’re invested in their retirement plans. They don’t own individual stocks but they own them in a mutual fund.
Källa: CNN - 🏆 4. / 95 Läs mer »