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Strategies & Market Trends : News Links and Chart Links

SPXL 219.24

+2.0%

Nov 26 4:00 PM EST

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From: Les H	4/14/2023 11:41:33 AM
	of 29600

Just a few more days remain to contribute to Investment Retirement Accounts (IRA) before the deadline on April 18th, a phenomenon that typically supports stocks in the weeks surrounding the event as new money is put to work and as investors position around the start of the first quarter earnings season that gets underway on Friday. We still don’t have the signals to outright abandon risk from investment portfolios, despite the fundamental risks that continue to grow, and we continue to be attracted to those groups in our weekly chart books that are listed with an Accumulate ratings. Inevitably, April strength is still viewed to likely be the last opportunity to transition towards a more defensive portfolio for the potential of a recessionary decline in the market that could be realized through the months ahead. The next turning point in our forecasted general direction of stocks that we proposed at the end of last year is between April 26th and May 8th, following which the trend that is expected of the equity market is negative until we get later into the summer. equityclock.com

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