New BUY Stops Sent To Subscribers
In Friday’s update titled ‘Today’s Market Activity Holds Key to Potential BUY Signals,’ we made note of the fact that “we have a few sectors that are displaying oversold conditions and are getting ripe for some BUY signals. We will observe how today closes and will provide our subscribers a brief update Saturday morning.” Following through on this commitment, this morning we took action and issued two new BUY Stop signals to our subscribers.
October carries substantial significance in the financial markets, as it historically marks a period when the stock market often reaches its bottom. Major indexes and leading stocks have, on many occasions, experienced significant losses in October, often exacerbating the sharp declines from prior months. However, it is during these periods of significant losses that the market tends to pivot and establish an upward trajectory that extends through the end of the year.
Within our analytical framework, our models monitor an array of indicators, including but not limited to the Relative Strength Index (RSI), Moving Averages, Moving Average Convergence Divergence (MACD), Commodity Channel Index (CCI), Bollinger Bands, Put/Call Ratio, Fibonacci Retracement, and many others.
When our models detect the convergence of several of these indicators, it triggers either BUY or SELL Stops. Initially, our models provide warning signs indicative of a potential shift in the market trend. As this trend becomes more discernible and substantiated, the models then issue strong BUY or SELL Signals. Over the course of this week, we have received several BUY warnings, signifying that our models are sensing a shift in market conditions.
For those who haven’t yet taken advantage of our exclusive Special Offer, offering discounts ranging from 40% to 65% off regular prices, will remain available until the end of the day today. It’s your money, take control!
Stay tuned!
Happy Thanksgiving Canada!