Blogs -This is Still a Warning Sign - Broad Market Analysis

This is Still a Warning Sign - Broad Market Analysis


August 11, 2022

author

Knox Ridley

Portfolio Manager

Last week, Knox discussed whether uptrends would extend into Fall 2022. In this week’s Broad Market Analysis, Knox reviews why there’s still some uncertainty about whether this is the bottom or not. Watch the broad market update pulled from the Premium Webinar on August 10, 2022:

Broad Market Video Timestamps

00:00 - S&P 500 Index Review

02:45 - Key Fibonnaci Confluent Zones

03:36 - The Leading Diagonal Scenario

04:35 - The Pullback Scenario

06:58 - Time Factors

09:20 - Hedge Signals


August 10, 2022 - Broad Market Commentary


We still only have 3 waves up off the low. This is still a warning sign. There are high odds for a deep retrace once it moves in. The RSI can’t break out of the bear market resistance. There’s still some uncertainty about whether this is the bottom or not. 

The USD has further confirmed a top, but rates and crude have not. The next pullback needs to hold 3940 and then turn up for one more high in order to confirm a meaningful low was put in in June. Watch the full 1-hour technical webinar to hear Knox analyze six other premium tech stocks when you sign up for Premium.

Watch the Broad Market Clips:


Catch up on I/O Fund Broad Market Updates and Commentary

Evidence is Building for an Uptrend - Broad Market Analysis
In last week’s Broad Market Analysis, Knox reviews the evidence building the current uptrend that could extend into Fall 2022.


Are We Finally Out of the Bear Market?
Knox continues the Bear Market correction discussion and analyzes FAANG stocks and three other premium stock positions.


About I/O Fund Premium Stock Investing Services

Premium Members currently enjoy all 7 Premium benefits below.

  1. Premium library of institutional-level research and analysis, including fundamental stock analysis and advanced market signals on technicals and macro analysis.
  2. Weekly Webinars on advanced market signals and broad market, plus quarterly portfolio reviews on Long-Term Buy and Hold tech stocks.
  3. 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.
  4. An Active Forum made up of a community of like-minded investors with robust conversations including both fundamental and tech product analysis.
  5. A completely Transparent Portfolio made up of long-term buy and hold positions, crypto, and Long/Short Momentum positions.
  6. Trade Alerts are sent directly to your phone via SMS and email.
  7. 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.

Sign Up


About I/O Fund Portfolio Manager 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.

Please note: The I/O Fund conducts research and draws conclusions for the Fund’s positions. We then share that information with our readers. This is not a guarantee of a stock’s performance. Please consult your personal financial advisor before buying any stock in the companies mentioned in this analysis.

head bg

More To Explore

Newsletter

a futuristic crystal ball displaying Nvidia with digital circuit patterns and stock market graphics.

Nvidia Stock Forecast: The Path to $6 Trillion

Two years ago, the April 2023 quarter delivered a historic 18% beat, followed by an even bigger 30% beat in July 2023. Compare that to the most recent quarter ending July 2025 — just a 4% beat, the sm

September 05, 2025
A close-up, low-angle shot of a physical Bitcoin coin surrounded by a glowing, intricate circuit board.

Bitcoin Bull Market Guide: When to Hold, Trim, or Re-Enter (Webinar) 

Our track record including a more recent 600% move in Bitcoin is not the product of hype but of a systematic framework—one built on technical analysis, on-chain metrics, and a close watch on global li

August 28, 2025
A smartphone with the Reddit app open, from which a rising stock chart graph is emerging.

Reddit Stock Blows the Doors Off - Can it Last?

Reddit’s stock has surged 62% in one month, easily placing the company’s earnings report as one of the best to come out of the tech sector this quarter. The world’s leading forum site has only 416 mil

August 20, 2025
Orange toolbox labeled 'ServiceNow' with digital interface displaying AI and data analytics dashboard, surrounded by various tools.

ServiceNow Q2 Earnings: Inside the AI Push Toward $1 Billion ACV by 2026

Last month, after ServiceNow reported second quarter results that exceeded expectations on multiple fronts, shares of NOW rose by 6%. The company is attempting to reposition itself beyond a provider o

August 14, 2025
Silhouette of a bull in front of a glowing Bitcoin coin, symbolizing a cryptocurrency bull run with potential market risks.

Is Bitcoin’s Bull Run Nearing a Top? What the Herd Missed at $16,000 and is Missing Now 

In late 2022, when Bitcoin was trading near $16,000, the I/O Fund issued a Strong Buy Alert. At the time, many of the market’s biggest crypto bulls were silent. Fast forward to today, Bitcoin is up ov

August 08, 2025
S&P 500 market forecast showing potential correction signs and key buy levels for 2025, based on technical analysis and investor sentiment trends.

Is the S&P 500 Overdue for a Correction? 2025 Forecast & Buy Levels to Watch

In our last Broad Market Report titled, Historic Uncertainty Meets $7 Trillion Dollar Debt Wall: What Comes Next For The S&P 500, the S&P 500 was trading near 5800 and still well below its February hi

August 01, 2025
A puzzle visually depicting different tech platforms and investments influencing search market share

Google Stock Clears Major Hurdle, Yet One Serious Concern Remains

This week, Google cleared a major hurdle with Search accelerating from 10 points of growth last quarter to 12 points this quarter -- putting to rest many doubts that Search monetization is at risk giv

July 27, 2025
Oracle stock forecast exploring potential to reach $1 trillion valuation as AI demand grows

Can Oracle Become the Next $1 Trillion AI Stock?

When it comes to AI cloud leaders, Oracle is not often mentioned, yet the company is quickly positioning itself to lead among Microsoft, Amazon and Alphabet when it comes to cloud growth over the next

July 18, 2025
Robinhood crypto trading volume vs. transaction revenue Q2 2025

Robinhood Stock: Spot Crypto Volumes May Lead to Incoming Volatility

Robinhood’s fundamental transformation over the past two years has been nothing short of remarkable. Crypto is driving strong revenue growth at 50% YoY in Q1, while TTM operating margin is approaching

July 11, 2025
Beth Kindig, Lead Tech Analyst at I/O Fund, interviewed on Fox Business discussing Nvidia’s earnings beat and solid guidance.

AI Stocks in 2025: What Every Investor Should Know

The market evolves quickly, and nowhere is that more apparent than in AI stocks, which continue to lead in both innovation and returns. At the I/O Fund, our deep coverage of AI stocks, combined with a

July 03, 2025
newsletter

Sign up for Analysis on
the Best Tech Stocks

https://bethtechnology.cdn.prismic.io/bethtechnology/e0a8f1ff-95b9-432c-a819-369b491ce051_Logo_Final_Transparent_IOFUND.svg
The I/O Fund specializes in tech growth stocks and offers in-depth research for Premium Members. Investors get access to a transparent portfolio, a forum, webinars, and real-time trade notifications. Sign up for Premium.

We are on social networks


Copyright © 2010 - 2025