Based in Kingsport, TN  –  Written by the iInvest® Team

NYSE and Small Caps (Russell 2000) reach key Support Zone

In the iInvest® December 22, 2018 ALERT, we pointed out how unprecedented it was to see significant market declines following such large Institutional “smart money” program buying, as they stepped in to support key levels in the U.S. equities markets throughout all of 2018, also just days before this sudden move down.  Usually, when the larger market makers take action in this way it’s very telling, and it pays for investors to take notice.  Institutional program buying can be early or late, but the moves we have seen the last couple weeks are very uncommon, showing the power of fear in the markets, the strongest human emotion.  Additionally, the increased use of algorithms in trading has added to today’s volatility, thus increasing the likelihood of “flash crashes”.

As you can see below, the NYSE, a good index to measure the overall breadth of the market, has rapidly landed into a strong support zone from the 2015-2016 weakness.  This area will be watched closely by the iInvest® Team in the days ahead for a significant reversal, and we will keep you informed as it unfolds.

NYSE oversold and at a strong long-term support zone

The Russell 2000 (small caps), often a leading index of the overall stock market, is also nearing a key support zone, while at the same time reaching an oversold condition on a long-term chart.  iInvest® will be watching for a signficant and telling reversal in the days/weeks ahead.

Russell 2000 oversold and at a strong long-term support zone

Stay tuned…

iInvest® Stock Market ALERT and Newsletter service provides the tools you need to navigate today’s unpredictable markets. Click on the link below to signup for newsletters, ALERTS, and iInvest® Educationals for free!

ALERT/Nwsletter

You can view our iInvest® Stock Market ALERTS and Newsletters live via our free APP

{“align”:”center”,”width”:284,”height”:100,”linkDestination”:”custom”}

Transfer an existing IRA, Roth IRA or Brokerage account, or start a new investment account at iInvest® today!

We are a smarter, modern way to invest and offer an awesome user experience on all your devices.  Our investment platforms are designed to optimize performance at every risk level.

The iInvest® Team is here for you and excited to help reach all your financial goals.

iINVEST SOLUTIONS IS A REGISTERED INVESTMENT ADVISER. INFORMATION PRESENTED IS FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT INTEND TO MAKE AN OFFER OR SOLICITATION FOR THE SALE OR PURCHASE OF ANY SPECIFIC SECURITIES, INVESTMENTS, OR INVESTMENT STRATEGIES. INVESTMENTS INVOLVE RISK AND UNLESS OTHERWISE STATED, ARE NOT GUARANTEED. BE SURE TO FIRST CONSULT WITH A QUALIFIED FINANCIAL ADVISER AND/OR TAX PROFESSIONAL BEFORE IMPLEMENTING ANY STRATEGY DISCUSSED HEREIN. THE TACTICALSHIFT™ STRATEGY MAY GENERATE A TAXABLE EVENT IN NON-QUALIFIED (TAXABLE) INVESTMENT ACCOUNTS. PLEASE CONSULT YOUR TAX ADVISER. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE PERFORMANCE.  MoneyGuidePro®  is a registered trademark of PIEtech, Inc. All rights reserved.