Investing
Haven
No Result
View All Result
Forecasting Global Markets
  • Login
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
  • Top AI Stocks →
  • Top Silver Stocks →
  • TOP ENERGY STOCKS →
  • Top Lithium Stocks →
  • CRYPTO SELECTION →
Investing
Haven
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
No Result
View All Result
InvestingHaven
No Result
View All Result

A Stock Market Correction Of Approx. 7 Pct Might Be Underway

by Taki Tsaklanos
November 17, 2022
in Markets & Stocks
0
Tags: COMPCOMPQDJIAQQQRUTSPXSPYsymbols
stocks forecast

stocks forecast

Share on FacebookShare on Twitter

On October 13th, the day SPX opened below 3500 points, the entire investor community expected a market crash. It did not happen, the opposite happened. We wrote The Market Will Not Move 50% Lower Contrary To What The Gurus Are Telling You, the S&P 500 went from 3500 points to 4045 points in a matter of 4 weeks. This current setups smells like it is time for a pullback. That’s how it goes: when the market starts breaking down, the majority of investors is selling. Now that it ‘feels’ safer, the market is probably going to shake most investors out in a pullback. Case in point: the 100 year Dow Jones trendline might be tested as support in the short term.

2022 has been an awful year for most investors. They sold at the wrong moment, they bought at the wrong moment. Our estimate is that 50% of investors fell into this market trap. We don’t have data to back this up, it’s a gut feeling.

One of the underlying drivers of the problem is that investors cannot stand positions that are ‘underwater’. While it is no fun looking at an account with positions ‘in red’ it should always be looked at in the right context. A position that is ‘underwater’ is not necessarily a bad thing if it is temporary, however it might never recover.

It is not easy to know exactly whether a position will recover, much depends on sector momentum as well as growth outlook.

If we apply this to the current situation, we see that last week’s CPI and this week’s PPI data came out softer than expected. Great, the market reacted in a positive way. So, this ‘feels’ like it is getting a safer place, right?

That’s when the market is going to act in a counter-intuitive way. Remember what we said in 7 Secrets of Successful Investing.

That said, let’s look at the charts of leading stock indexes.

The Russell 2000 might go back to the lower 1700ies before it moves to 2022 in 2023.

The Nasdaq might go back to 1111 before it moves back to 12200 and 13500 in 2023.

The Dow Jones, currently the strongest of the 4 U.S. indexes, is likely to move back to 31.8k before moving back to 35k. That’s where the 100 year trendline comes in.

 

Receive our weekly newsletter.

*We hate spam as you do.

premium service trade alerts   premium service trade alerts   premium service crypto teaser  
WARNING: InvestingHaven.com, our site, is not affiliated and has no connection whatsoever with Invest Haven Group on Invest-Haven.com or Investing-Haven.com. InvestingHaven.com did not have and will never have sales reps. Do not accept financial offers, certainly not by telephone, this is why >>
Taki Tsaklanos

Taki Tsaklanos

Taki has +15 years of experience in global markets. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Twitter: twitter.com/investinghaven

Latest

short squeeze

The Most Epic Short Squeeze Of 2023 Might Be Underway

September 18, 2023
breakout icon

10 Powerful Bullish Reversals For The Remainder Of 2023

September 17, 2023
markets investing emotions

Investing In 2023: The Hardest ‘Easy Thing To Do’

September 17, 2023
tech stocks opportunities pitfalls

Investing in Tech Stocks: Opportunities and Pitfalls

September 18, 2023

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto

Site Navigation

  • RSS Feed
  • About us
  • Mission 2026
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • InvestingHaven vs. Invest-Haven
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2023 InvestingHaven

No Result
View All Result
  • 2023 Forecasts
  • Stock market
  • AI Stocks
  • Alternative Energy
  • Lithium Articles
  • Lithium Stocks
  • Silver Articles
  • Silver Stocks
  • Crypto Articles
  • Premium Crypto Research
  • Premium Services & MyAccount

Copyright © 2023 InvestingHaven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

    InvestingHaven.com honours your privacy. Read our Privacy Policy