7-31-24 NASDAQ Correction: Here's Our Take

There's been a nice correction in the NASDAQ. Markets can only go in one direction for so long. When you get extreme deviations from trend lines and moving averages, things will correct, and they do correct, from time to time. Trend lines and moving averages all act like gravity; when they correct, we humans have to provide some rationalization for the chaos. Currently, we're back to a very oversold condition. Recall that everytime the NASDAQ has gotten this extended from the 200-DMA, we've had a correction...and an opportunity to add exposure while prices are lower.   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=Ea9nQUqvgMw&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/ #NASDAQ #NASDAQcorrection #20DMA #50DMA #Retest #SupportLevel #SectorRotation #MegaCap #RussellSmallCap # #OverboughtMarkets #BuySignal #SellSignal #MarketBullishness #MarketCorrection #InvestingAdvice #Money #Investing