7-24-24 Markets Are Flirting with Support

Google earnings beat across the board, with one exception: YouTube revenue was less than expected, even though it was up $1B year over year...creating some weakness for the stock this morning. Tesla also missed expectations, and will be down about 7% this morning. The market had broken the 20-DMA, corrected and then moved up to hold Tuesday: Markets are flirting with support. If we take out the 20-DMA, the 50-DMA becomes the next, logical level of support, at around 5,430 on the S&P.   Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=Pi6OS2UxDu4&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #20DMA #50DMA #Retest #SupportLevel#SectorRotation #MegaCap #RussellSmallCap #BondYield #ProfitTaking #OverboughtMarkets #BuySignal #SellSignal #MarketBullishness #MarketCorrection #InvestingAdvice #Money #Investing