Now if only the rest of corporate America were in a taxpayer-assisted position to re-lever its balance sheet like GM ... then, maybe days like today might actually stick!
Continuing is the trend since May, wherein increasing (yet still negative) momentum (MACD) coincidentally registers at lower index highs. Thus, another turn lower can be expected here, and this in keeping with further sideways trading thought likely to develop leading up to the market's projected collapse sometime over the next couple months.
There's a reasonable chance the market's turn lower was made late in the day today. Give it another week or so, and we should be setting new lows, post-April peak.
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
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