Broad Market Analysis: The Bear Market Correction by Knox Ridley
July 18, 2022
Knox Ridley covers the bear market correction in this week’s Premium Stock Market Webinar. He discusses his technical analysis of six premium portfolio stock positions that only paid subscribers can access. Watch this clip taken from the 1-hour premium stock technical analysis where Knox covers broad market trends from the S&P 500 Index and upcoming dates to watch out for too.
July 15, 2022 - I/O Fund’s Broad Market Overview “The Bear Market Correction”
• Stock Market Forecasting using Elliott Waves
• How Semiconductor Stocks are Trending in Bear Market
• Summary of Broad Market Signals
00:00 - Start of the Video
00:40 - Analyzing the Bear Marke
04:10 - The Trend Finder
05:00 - Semiconductors and the S&P 500
06:35 - Apple
07:18 - July 20th to August 3rd
09:32 - Macro Pictures
11:17 - RSI Resistance
11:54 - The US Dollar
Stock Market Forecasting using Elliott Waves
Corrections on all degrees unfold into a known pattern. More times than not, it is a 3-wave pattern:
- A wave down
- B wave that fails to make new highs
- C wave down to new lows
This move is also symmetrical. So far we have a complete corrective structure in place. We can make one lower, but it will likely be on less volume and less momentum than previous moves down.
We’re Approaching a Major Inflection Point
Starting July 20th, 2022 – August 03, 2022, we will approach a major inflection point. This is the most important cycle in play since 2018. It showed up at every major top since 2018, and it’s showing up again next week.
“This is the most important cycle in play since 2018” -Knox Ridley, I/O Fund Portfolio Manager
Semiconductor Stocks - New Low in a Bear Market
"Semiconductor stocks hit a new low” – Knox Ridley, I/O Fund Portfolio Manager
Semiconductors have been leading each move in this bear market. They made a new low while the broad market has not. This suggests that semis may be bottoming before the broad market, and we could see further weakness going into next week and the week after.
This Week’s Broad Market Signals to Look Out For
- If SPX can break above 3880, it will signal that a low is in place, and we will remove our hedge accordingly.
- Rates and USD are putting pressure on equities, and they appear to be very close to a reversal. This will likely coincide with some type of bottom in equities.
To access this week’s broad market technical analysis where Knox covers 6 additional growth tech stocks, sign up for Premium to watch the full webinar replay instantly.
More about I/O Fund Premium Stock Investing Services
Premium Members currently enjoy all 7 Premium benefits below.
- Premium Library of institutional-level research and analysis, including fundamental stock analysis and advanced market signals on technicals and macro analysis.
- Weekly Webinars on advanced market signals and broad market, plus quarterly portfolio reviews on Long-Term Buy and Hold tech stocks.
- Technical Analysis on stocks and Broad Markets with charts on all major US markets, analysis of inflation and growth, as well as 60 global markets to help us focus on risk/reward for entries and position our portfolio based on the macro-environment.
- An Active Forum made up of a community of like-minded investors with robust conversations including both fundamental and tech product analysis.
- A completely Transparent Portfolio made up of long-term buy and hold positions, crypto, and Long/Short Momentum positions.
- Trade Alerts are sent directly to your phone via SMS and email.
- NEW! Automated Hedge with advanced signals to help spot approaching risk in the markets, with a 67% win rate going back to 2003 with only 40 signals triggered.
About Knox Ridley
Knox Ridley began consulting on portfolios in 2007 and is an experienced growth investor in both bull and bear markets, which is hard to find these days. As the portfolio manager of the I/O Fund, he beat the top-performing funds on Wall Street in both 2020 and in 2021. His real-time trade notifications to premium subscribers have garnered 27 entries with over 100% gains in the last two years. Knox began his career as an ETF wholesaler in 2007 before becoming a portfolio consultant for large RIAs, FAs, and Institutional accounts. He is very keen on macro trends and is trained in Fibonacci Trading, Elliott Wave theory, as well as Gann Cycles. He also uses classical technical analysis to manage risk and identify great risk/reward setups. Knox is known for increasing and decreasing allocations for record-breaking returns.
Gains of up to 403% from our Free Newsletter.
Here are sample stock gains from the I/O Fund’s newsletter --- produced weekly and all for free!
+344% on Nvidia
+403% on Bitcoin
+218% on Roku
*as of March 15, 2022
Our newsletter provides an edge in the world’s most valuable industry – technology. Due to the enormous gains from this particular industry, we think it’s essential that every stock investor have a credible source who specializes in tech. Subscribe for Free Weekly Analysis on the Best Tech Stocks.
If you are a more serious investor, we have a premium service that offers lower entries and real-time trade alerts. Sample returns on the premium site include 324% on Zoom, 601% on Nvidia, 445% on Bitcoin, and 4-digits on an alt-coin. The I/O Fund is audited annually to prove it’s one of the best performing Funds on the market with returns that beat Wall Street funds.
More To Explore
Palantir Stock Surges From Artificial Intelligence Platform
Palantir’s Q4 earnings confirmed an acceleration in its US commercial business as it closed out its first GAAP profitable year. Shares are reflecting the optimism surrounding Palantir’s commercial seg
AI Driving Acceleration For Big 3 Cloud Stocks
Big Tech’s participation in the market’s push to all-time highs is becoming increasingly narrow, with Nvidia, Meta, Microsoft and Amazon serving as the primary contributors to 2024’s rally.
Apple Can’t Save This Tech Rally
In this article, I lay out both the bull and bear cases for 2024 and beyond. Interestingly, both are calling for a level of volatility in 2024 that will, at least, retrace the rally we’ve seen since N
Coinbase, Robinhood: Examining The Impact Of Spot Bitcoin ETFs
The SEC approved nearly a dozen spot Bitcoin ETFs on January 10 in what was heralded as a “watershed” moment for the crypto industry, opening the door for investors to gain exposure to Bitcoin without
Tesla Q4 Earnings Preview: Margins Likely To Slip Again
Tesla’s Q4 earnings are on tap after the market close on January 24, closing up a year in which aggressive price cuts helped the automaker top Q4 delivery estimates reach a new record and narrowly bea
Social Media Stocks: One Metric Shows Meta’s Clear Leadership
Social media stocks Meta (META), Pinterest (PINS), and Snapchat (SNAP) enjoyed strong gains in 2023 as the broader ad market stabilized and fundamentals improved. Social media ad spend is expected to
Five Top Stocks Of 2023: Year In Review
The Nasdaq 100 capped off 2023 with a return of +53.8%, erasing 2022’s losses and recording its highest annual return since 1999. This year had countless winners, but 5 stocks surprised and shocked th
Ad Spending Growth to Accelerate In 2024
Ad-tech stocks have generally enjoyed strong returns in 2023, buoyed by a rather fierce tech rally. Ad spending growth showing initial signs of stabilizing in the back half of the year, with ad spend
My Firm called the Bitcoin’s Bottom; Here is Where the Price Goes Next
Bitcoin is susceptible to a noisy, bifurcation between bulls and bears with extreme statements, such as: “Bitcoin will go to a $1 million” or “Bitcoin is a ponzi scheme and will go to $0.” The truth i
Palantir, Three Other Cloud Stocks Poised For An Acceleration In 2024
Cloud stocks have been a mixed bag for investors heading into the end of the year, as a handful of names — Confluent, Sprinklr, HashiCorp, Bill, Paycom — plunged following their earnings reports with