2024-04-14 23:15:40 ET
Summary
- The S&P 500 looks as risky as it has in some time.
- That does not guarantee anything, it just means that I have positioned my portfolio to defend against a serious decline and potentially capitalize on it, too.
- My 44 years of technical analysis is the backbone for this, though as cited in the article, there's more to it than that.
The S&P 500 is at risk of rolling over, and while most of the large cap market looks awful to me right now, there is a possibility that if a deep decline does occur, it might do so in waves, with the Nasdaq 100 being the last shoe to drop.
This could be gradual, it could be swift, or it could even be a false alarm, as has been the case so many times the past 16 months, in this era of "buy the dip." But as a risk manager, I don't spend a lot of energy trying to speculate or guess what the market WILL do. Instead, I try to gauge how risky different parts of the market are at any point in time, and position accordingly....
Read the full article on Seeking Alpha
For further details see:
S&P 500: Look Out Below, At Risk Of Rolling Over (Technical Analysis)