At a time when some economic indicators are showing weakness and professional investors appear skittish, President Trump brilliantly reinvigorated the market.
Whatever you may think of the president, here’s something every investor should know, but precious few do.
Trump’s impeccable timing is obvious from the following:
The chart shows that when Trump’s comment came, the relative strength index (RSI) was oversold and moving up. From a momentum perspective, this was the perfect spot to turn the stock market around.
The Arora Report recently wrote before the market reversal to the upside at a time when the market was falling: “The chart shows that RSI is oversold. In plain English, this means that the stock market can easily stage a big jump up even on the slightest bit of good news.”
The chart shows that when Trump’s comment came, the stock market was hitting the top of the support zone. From the perspective of support, this was a perfect spot to turn the stock market around.
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