8-7-24 Markets Bounce Back after Monday Crash

Markets on Tuesday bounced off their lows to rally into the 100-DMA as a first test of resistance following Monday's crash. And with a lot of "trapped-longs," sellers showed up immediately. Markets sold off, but finished positive for the day. Markets today could potentially rally up to retest the 100-DMA, and move on up to the 50-DMA is also a possibility, but not as likely today. (Previous market crash/corrections have always rallied to retest and set higher-lows before completing their correction process.) So it's okay to nibble a bit at stocks that have gotten beaten up, but be really careful and be willing to lose a little money on a position until a new bottom is set.   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=8I2RvwFcN5w&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/ #MarketBounce #MarketCorrection #Resistance #TrappedLongs #CarryTrade #MarginCalls #JapaneseYen #USDollar #MarketCaution #2024Election #InvestorCaution #NASDAQ #NASDAQcorrection #100DMA #20DMA #50DMA #Retest #SupportLevel #SectorRotation #MegaCap #RussellSmallCap # #OverboughtMarkets #BuySignal #SellSignal #MarketBullishness #MarketCorrection #InvestingAdvice #Money #Investing