Three Stock Charts Every Investor Needs to See This Morning
Stock-Markets / Stock Markets 2019 Oct 28, 2019 - 12:06 PM GMTStocks broke upwards last week from the consolidation pattern we’ve been watching.
Both breadth and credit suggested this move was coming. Stocks had some catching up to do and if you took our analysis from two weeks ago to go long, you’ve done well.
So where do we go from here?
The answer UP… Not in a straight line, but to 3,200 by year-end, and possibly 4,000 next year.
Stocks are in a clear upward channel (blue lines). And now that resistance (red line) has been taken out, the channel eventually leads to 3,200.
The key for investors is to find the right plays for this, and then “buy and hold”for the maximum gains. Those who do this correctly, with carefully targeted picks, could stand to generate literal fortunes.
We recently told our clients about a unique way to play the coming blow off top. In the last 10 years this investment has more than tripled the markets returns. And we expect it to absolutely EXPLODE higher as the S&P 500 rises to new all time highs.
To find out more swing by www.gainspainscapital.com
Best Regards
Graham Summers
Phoenix Capital Research
http://www.phoenixcapitalmarketing.com
Graham also writes Private Wealth Advisory, a monthly investment advisory focusing on the most lucrative investment opportunities the financial markets have to offer. Graham understands the big picture from both a macro-economic and capital in/outflow perspective. He translates his understanding into finding trends and unde74rvalued investment opportunities months before the markets catch on: the Private Wealth Advisory portfolio has outperformed the S&P 500 three of the last five years, including a 7% return in 2008 vs. a 37% loss for the S&P 500.
Previously, Graham worked as a Senior Financial Analyst covering global markets for several investment firms in the Mid-Atlantic region. He’s lived and performed research in Europe, Asia, the Middle East, and the United States.
© 2019 Copyright Graham Summers - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
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