With no signals advising of a potential bounce, the technical indicators continue to show the market as being at extremely oversold levels. Despite this, investors remain fixated on recession fears and that is keeping sellers in charge. Every little bounce is finding ready sellers which keeps stocks under selling pressure. At some point stocks will pop but it is anyone’s guess when that will happen.
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1st Trade Alert and Idea for Wed Aug 31 2022
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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