Blogs -Broad Market Levels: September 15, 2022

Broad Market Levels: September 15, 2022


September 16, 2022

author

Knox Ridley

Portfolio Manager

In this week’s broad market levels update, Knox explores potential bear market scenarios. With the help of basic trend analysis, he hopes viewers will be able to filter their emotions, so they can be on the right side of trend changes. Knox also covers September 16th's quadruple witching event, he details what supporting markets contributed to this bear market and ends the technical analysis by discussing the market impact of a potential recession in 2023.

Broad Market Levels Timestamps:

00:00 - Analyzing the Current Market with Trend Lines

06:49 - Key Levels: 3900 and 4120, and Different Scenarios

12:45 - Quadruple Witching - September 16, 2022

14:05 - Supporting Markets - Interest Rates

18:12 - Supporting Markets - Oil and Energy

19:55 - Recession Analysis


Basic Trend Analysis in Bear Markets

Basic trend analysis can point out high probability moments in each bear market that can signal a major reversal is underway. Emotions tend to be quite negative when this happens, which is why it’s crucial to identify these pivots and have a plan in place. Knox goes over the key pivots that would mark the end of the 2022 bear market.


Key Levels to Pay Attention to in a Bear Market

Despite the market’s uncertainty, Knox puts the market’s major thresholds at 3,900 and 4,120. Should it drop below 3,900, it could find a new low at 3,705 or 3,685. On the other hand, if it breaks through 4,120, it could signal a healthy CPI as well as market pricing in various factors – good and bad.


Quadruple Witching - September 16, 2022 - Large Trading Volume Predicted

Knox believes that this inflection point is right around the corner. Aside from the upcoming Fed meeting, there is also the Quadruple Witching on September 16, which is expected to lead to one of the biggest volumes day since quadruple witching only happens four times a year. This is when stock options and futures as well as stock index options and futures expire on the same day. The last time this event happened was at the June low in 2022.


Supporting Markets: Interest Rates, Oil and Energy

Finally, Knox reviews the various supporting markets: Bonds, Oil, and Energy. He notes that the market is in a strange situation right now in the sense that although the economy is officially in recession. Jobs, industrial production, as well as manufacturing and services, are still expanding, though, at a slower rate.

Knox offers several reasons for this. Low oil prices, for example, is reducing inflation, which in turn is helping equities. Further, he expects that the dollar may be weakening soon (a positive for equities), and there is also the possibility of good news coming from the Fed meeting. Supporting markets aside, though, Knox reminds investors to focus on the 3,900 and 4120 and to wait until the market completes a fifth wave.

To get more free stock analysis on fundamentals and technicals, sign up for I/O Fund's free newsletter with gains of up to 403% - Click here.
Subscribe to Free Newsletter


Catch up on previous Broad Market Levels

Why the Next Two Weeks Could Determine the Rest of 2022

In this week's broad market video update, Knox explains why the next two weeks could determine the rest of 2022. Read his full technical analysis here. Taken from a 1-hour premium webinar, Knox shares his view on where the market may be headed in the coming weeks. While examining the current structure, Knox discusses whether or not the first leg of a larger bear market will last until 2023 or if there's something else going on. The broad market update also includes an overview of three scenarios that will be likely going forward and takes a look at the supporting markets such as crude oil and the U.S. dollar.


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 for Premium

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 2,400% from our Free Newsletter.


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

2,400% on Nvidia

450% on Bitcoin

*as of Oct 04, 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 3,850% on Nvidia, 650% on Chainlink, and 700% 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
head bg

Get a bonus for subscription!

Subscribe to our free weekly stock
analysis and receive the "AI Stock: 5
Things Nobody is Telling you" brochure
for free.

More To Explore

Newsletter

Bitcoin bull market update: December 2022 projection of $75,000 - $132,000 adjusted to $82,000 - $106,000 after reaching $73,757 in March 2024.

Bitcoin Bull Market Intact as Risk Increases

In December 2022, we boldly stated that “Bitcoin is a buy” when it was trading around $17,000. We were positioning for a new bull cycle and projected a target between $75,000 - $132,000. Despite Bitco

November 01, 2024
https://images.prismic.io/bethtechnology/ZyGyUK8jQArT0Aju_TeslaStock-MarginsBounceBackForAI-Leader.jpg?auto=format,compress

Tesla Stock: Margins Bounce Back For AI-Leader

Tesla is arguably one of the most advanced AI companies in the world, yet its stock is dictated by margins. Over the past three years, Tesla’s average gross profit per vehicle has declined by 60%, fal

October 30, 2024
https://images.prismic.io/bethtechnology/ZxejEoF3NbkBX11O_PalantirStockIsCrushingItsPeersInAIRevenue.png?auto=format,compress

This Stock Is Crushing Salesforce, MongoDB And Snowflake In AI Revenue

In this article, I break down how Palantir’s AIP is putting it a step above peer Salesforce, MongoDB and Snowflake with visible AI growth, and its undeniable ‘secret sauce’.

October 22, 2024
https://images.prismic.io/bethtechnology/Zw5myoF3NbkBXdms_Nvidia%2CMag7FlashWarningSignsForStocks.jpeg?auto=format,compress

Nvidia, Mag 7 Flash Warning Signs For Stocks

In this report, my team will address the risks brewing in the market. The strange behavior in the bond market could be signaling that the FOMC has made a policy error. This coupled with key tech stock

October 15, 2024
Why the I/O Fund is Not Buying Nvidia Right Now Video Interview

Why the I/O Fund is Not Buying Nvidia Right Now: Video Interview

In an interview with Darius Dale, Beth Kindig stated: “We ultimately think you can get Nvidia lower than where it is trading now. We are likely to take gains between $120 and $150 based on technical l

October 04, 2024
https://images.prismic.io/bethtechnology/ZvuHobVsGrYSwLe2_CybersecurityStocksSeeingEarlyAIGains.jpg?auto=format,compress

Cybersecurity Stocks Seeing Early AI Gains

Below, I look at the demand environment for leading cybersecurity stocks CrowdStrike, Zscaler, Palo Alto, and Fortinet, and which ones have key metrics hinting toward underlying strength.

October 01, 2024
https://images.prismic.io/bethtechnology/ZvK7P7VsGrYSv1Vx_4ThingsInvestorsMustKnowAboutAI_.jpg?auto=format,compress

4 Things Investors Must Know About AI

We’re still in the early innings of AI, but the pace of transformation that AI is driving is unlike any other technology seen before, and that was evident at Communacopia. Below, I dig in to the four

September 24, 2024
https://images.prismic.io/bethtechnology/ZupMBLVsGrYSvfYT_AIPCsHaveArrivedShipmentsRising%2CCompetitionHeatingUp.png?auto=format%2Ccompress&rect=14%2C0%2C3408%2C1917&w=1920&h=1080

AI PCs Have Arrived: Shipments Rising, Competition Heating Up

Chipmakers Qualcomm, Intel and AMD are working to bring AI-capable PCs to the “mainstream”, delivering powerful neural processing units to PCs for on-computer AI operations. AI PCs are not only a cons

September 19, 2024
https://images.prismic.io/bethtechnology/Zt_IoxoQrfVKl4bz_PredictionMicrosoftAzureToReach%24200BillionInRevenueBy2028.jpg?auto=format,compress

Prediction: Microsoft Azure To Reach $200 Billion In Revenue By 2028

The lead we see from Microsoft today on AI revenue streams is critical enough and predictive enough that it points toward Azure surpassing $200 billion by 2028, catalyzed by the OpenAI investment.

September 09, 2024
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
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