This probably sounds familiar: The year is 2018, and stocks sold off sharply before they rebounded – and then they sold off again…
We've seen and heard this all year.
Meanwhile, the S&P 500 Index's 50-day moving average continues to drift lower (despite working as support for Tuesday's market meltdown).
Sometimes no news is good news, and sometimes no news really is no news.
If you thought there just wasn't much going on, you'd be… mostly right. But only mostly, because of the one big, bright shining star I'm looking at now.
About the Author
Chris Johnson is a quant - he's obsessed with building and perfecting mathematical models that allow him to predict, with startling accuracy, the direction of the markets, entire sectors, and individual securities. For the last year, he's been researching and building a new system that lets him move swiftly in and out of the hottest stocks in the market for life-changing gains - entirely on his own terms. The results of his newly-minted Night Trader system are nothing short of amazing.
Chris also contributes to Money Morning as the Quant Analysis Specialist.