A Spooky October for the Stock Market - Investing Shortcuts

A Spooky October for the Stock Market

By October 10, 2018Stocks
stock market

Sell Signals Are Telling the Story

The month of October has a tendency to be a little bit more volatile than other parts of the year.

Its not to say that the market has to crash… but there is earning season coming up, among other things that lead to a seasonal pattern.  At least in the first half or so of the month.

We use the Market Rover dashboard and we have begun to sniff this out over the past few weeks so I wanted to show you all a couple warning signals I am seeing.  Specifically, there are a lot of sell signals that have developed.

What you can see on the Market Rover is that more market sectors are slowly starting to show bearish signals.

Just a couple of names that flipped from buy/sell recently include Ralph Lauren, Starbucks, Ross Stores, and others.

Even in the energy space, we are starting to see some sell signals taking place.

If we take all of this together, without raising any major alarm bells, the month of October does see more volatility.

It could be a good time to consider protective measures in the broader markets.

Until next time!

Serge Berger


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Serge Berger

Author Serge Berger

Serge Berger is the Head Trader and Investment Strategist at The Steady Trader. He has been an active trader since 1998. During his career he’s been a financial analyst, dealt in fixed income instruments at JP Morgan, and was a proprietary trader in equities, equity options and futures. Having had exposure to a range of different asset classes allowed him to identify which asset classes and strategies best fit his goal of achieving consistent profits. Over the years Serge created a trading methodology that divides markets into different time-frames and characters, allowing him to more clearly and without emotions determine which strategies to apply in which situations. His account and those of his clients continue to grow during all different market environments because they focus only on the highest probability setups and follow strict rules. In the markets, everyday provides new opportunities and a different environment for traders to navigate through. He is certain that with the help of they’re daily insights, analysis and commentary you will find the path to become a consistently profitable trader, all the while enjoying the journey

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