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.

Gains of up to 2,390% from our Free Newsletter.


Here are sample stock gains from the I/O Fund’s newsletter --- produced weekly and all for free!

+2,390% on Nvidia

+450% on Bitcoin

*as of Jun 25, 2024

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 3,900% on Nvidia, 850% on Chainlink, and 695% on Bitcoin. 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.

beth

More To Explore

Newsletter

Jensen Huang at Convention

Nvidia Stock Is Selling Off: It’s Not Because Of Blackwell

Direct liquid cooling doesn’t lie as it’s intricately linked to the Blackwell launch, implying that Blackwell would indeed ship by Q4 – and Nvidia just confirmed that (multiple times) in Q2’s release.

September 02, 2024
Jensen Huang's Presentation

Nvidia Stock: Blackwell Suppliers Shrug Off Delay Ahead Of Q2 Earnings

Bulletproof Nvidia showed an unusual bout of weakness this past month following a report from The Information that Nvidia’s new AI chips are delayed. The report asserts that Nvidia’s upcoming artifici

August 26, 2024
Microchips

Arm Stock: Buy Its Customers, Not The Stock

Arm Holdings is the third-best performer of 2024 in AI-related semiconductor stocks with a 56% YTD return, behind only Nvidia and Taiwan Semiconductor.

August 20, 2024
Big Tech Battles on AI

Big Tech Battles On AI, Here’s The Winner

The major theme over the past month in Big Tech and AI semiconductors has been the durability of demand: essentially, what is Big Tech’s return on more than $150 billion in capex over the last twelve

August 12, 2024
Bitcoin Update - Next Stop $100,000

Bitcoin Update: Next Stop $100,000

Bitcoin is the best performing asset in market history. There is no stock or asset that has come close to delivering the returns of this digital currency --- it has greatly outperformed all FAANGs, an

August 01, 2024
Mag 7 Stocks Should See One More High

Mag 7 Stocks Should See One More High

Optimism around the Fed could spark a continuation of the relief rally in the Russell 2000 and further rotation out of the Mag 7. Below, we look at the pros and cons of a Mag 7 rotation and how we pla

July 25, 2024
https://images.prismic.io/bethtechnology/Zp8WKh5LeNNTxaPe_Palantir%E2%80%99sStockIsPricedForPerfection.jpg?auto=format,compress

Palantir’s Stock Is Priced For Perfection

Heading into 2024, Palantir was exhibiting “multiple signs of acceleration” stemming from strong growth in its US commercial segment, driven by AIP, Palantir’s Artificial Intelligence Platform that le

July 22, 2024
https://images.prismic.io/bethtechnology/ZpZ1bx5LeNNTxMuv_Tesla%E2%80%99sQ2DeliveriesStrong%2CButWhat%E2%80%99sToCome_.jpg?auto=format,compress

Tesla’s Q2 Deliveries Strong, But What’s To Come?

After months of being the lowest performing Mag 7 stocks, Tesla saw rapid gains — up 42% in a one month rally, with 37% of those gains in eight sessions — after it reported Q2 deliveries ahead of expe

July 16, 2024
Knox at SA conference

How to Participate in Tech: The Million Dollar Question (Video Highlights)

With audited returns of 131% since inception, compared to the NASDAQ-100’s 82%, portfolio manager, Knox Ridley, lays out how we have successfully maintained an overexposure to the right tech stocks, w

July 03, 2024
This AI Stock Could Outpace Nvidia’s Returns by 2030

This AI Stock Could Outpace Nvidia’s Returns by 2030

Lead Tech Analyst and CEO Beth Kindig recently joined Real Vision’s Nico Brugge to discuss her AI outlook on leading AI stock Nvidia, while sharing which AI stock she believes may outpace Nvidia’s ret

July 03, 2024
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 - 2024