We'll know this week if the low is in
November 10, 2022
Knox Ridley
Portfolio Manager
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
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.
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.
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
Newsletter
The Importance of Verified Returns and Risk Management for Retail Investors
Last year was a stellar year for investors – in 2023, the Nasdaq 100 rose 54% for its best annual return since 1999, while the S&P 500 gained 24%. The Magnificent 7 were the de facto leaders of this m
Arm Stock: AI Chip Favorite Is Overpriced
Arm Holdings is positioned to capitalize on the growing adoption of artificial intelligence (AI) technologies, leveraging its established licensing model and extensive ecosystem to drive future growth
Top 3 Ad-Tech Stocks For 2024
Ad spending growth is widely forecast to accelerate in 2024, after a challenging macro environment significantly dented budgets and growth in 2023. The US advertising market is already showing positiv
Cybersecurity Stocks: CrowdStrike Soars While Palo Alto And Zscaler Fall
This year has led to a split landscape for cybersecurity stocks, with two of cybersecurity leaders up more than 20% YTD while others are negative YTD. In the past, we’ve discussed the resiliency of th
The Magnificent 7 Are Falling Like Dominos; Only 3 Remain
The Magnificent 7 of 2023 have now become 2024’s Magnificent 3: Nvidia, Meta and Amazon. Of these, Nvidia’s saw a stellar start to the year as shares have gained nearly 60% YTD due to the GPU leader’s
Nvidia Stock Gained $1.5 Trillion To Surpass The FAANGs - Apple Is Next
Today, Nvidia surpassed a $2 trillion market cap compared to Apple’s $2.8 trillion. The company has surpassed Amazon, Google, Tesla, Meta and Netflix. The only one left standing is Apple and we have 2
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