Weekly Stock Market Levels - 11/10/22

While everyone is focused on tech leading us lower, few are noticing that value may be leading us higher. Rates and the dollar continue to not make new highs after the FED's hawkish speech, as value maintains leadership int the new uptrend developing. The DOW's low is in, as the NASDAQ could make one more low. This will only increase the buying opportunity that we see unfolding. If the S&P 500 can go above the 3912 level, which was the high going into the FED speech, then we have confirmation of a meaningful low being put in on October 13th. I expect some stocks to make new lows, and we are seeing that. But, if rates, financials and industrial do not breakdown, we probably will not see a direct drop towards SPX 3200 this year.

11/10 Broad Market Levels Timestamps:

00:00 - Intro/The Blue Count Scenario

01:08 - The Gap Down Scenario

01:47 - Two Key Areas

03:41 - Dow Jones Bullish Signal

04:45 - The Fed and Interest Rates

06:44 - Global Markets

08:55 - Outro

Get Critical Weekly Stock Market Analysis during Stock Market Crashes

On the I/O Fund premium site, we provide weekly webinars that discuss what the I/O Fund is buying and selling. We also have a proprietary hedging signal that we monitor in real-time. Following the analysis, we provided for free on YouTube last month “This is Still a Warning Sign” and also in this article “Why the Next Two Weeks Could Determine 2022” we hedged going into the CPI number for a nice gain in a tough market and have had a hedge in place most of September

To watch more stock market analysis videos, follow me on YouTube here or sign up for the I/O Fund free newsletter to be notified when I publish the next weekly webinar.

Sign Up for the Next Premium Webinar where we continue to discuss Stock Market Bounces

Premium I/O Fund Services.

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.

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

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