Are Stocks Back From The Brink? | Bruce Fraser (10.28)
Power Charting with Bruce Fraser • 25m
Beginning with a continuation of last weeks discussion of the ‘Tight Money’ conditions that are weighing on the stock and bond markets. U.S. Treasury Bonds have fulfilled downside price objectives from the distributional top formed in 2021. What is next for the bond market? Stocks continue to be on the edge of breaking down and out of the secular decade long uptrend. Could a rally begin to reignite and revitalize the major uptrend? Green shoots are updated to help answer this question. Attention is then turned to the ‘Power Charting Trend Model’. Which industry groups are leading the market? Industry groups and stocks are profiled.
Overtime Segment. If watching On-Demand stay tuned for a bonus segment where the ‘Trend Model’ is applied to the S&P 500 stocks.
Connect with Bruce -
Website: https://wyckoffanalytics.com
Blog: https://stockcharts.com/articles/wyckoff/
https://twitter.com/rdwyckoff
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