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	Comments on: SPY &#038; /ES Rising Wedge Patterns 12-10-24	</title>
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		By: cmaallc@gmail.com		</title>
		<link>https://rightsideofthechart.com/spy-es-rising-wedge-patterns-12-10-24/#comment-34271</link>

		<dc:creator><![CDATA[cmaallc@gmail.com]]></dc:creator>
		<pubDate>Tue, 10 Dec 2024 19:35:10 +0000</pubDate>
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			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/spy-es-rising-wedge-patterns-12-10-24/#comment-34269">rsotc</a>.</p>
<p>Thank you so much, Randy!</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/spy-es-rising-wedge-patterns-12-10-24/#comment-34269</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 10 Dec 2024 17:23:43 +0000</pubDate>
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			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/spy-es-rising-wedge-patterns-12-10-24/#comment-34265">cmaallc@gmail.com</a>.</p>
<p>I&#8217;m sorry but I am unable to provide individual investment advice (due to regulations). I can say that the current trend remains bullish &#038; that I believe the aforementioned sell signals, particularly solid breakdowns below the key <abbr class='c2c-text-hover' title='An uptrend occurs when a security or index is making a series of higher highs &amp; higher lows.'>uptrend</abbr> lines in QQQ &#038; NVDA will likely be the catalyst for a near-to-intermediately term trend change (i.e.- trigger a correction) that then, has the potential to ultimately go on to flip some of the longer-term trend indicators from bullish to bearish, indicating that a primary trend change may still be in the early stages with much more downside to come.</p>
<p>Some of those longer-term indicators are key uptrend lines on the daily, weekly &#038; monthly charts of the major stock indices &#038; key sectors; 200-day moving averages on the daily chart (even better on weekly closes below them), the 20-period exponential moving average on SPY &#038; QQQ; the PPO histogram on the monthly charts of the indices (primary trend bearish when below the zero line, bullish when above) and more.</p>
<p>As such, I can say with a high-degree of confidence that when those longer-term indicators on the weekly &#038; monthly charts (as well as key uptrend lines) have flipped to bearish, then personally I would be mostly or fully out of equities in 401k funds with the basic options (stock funds, bond funds, and/or money market funds.. i.e.- no commodities, gold, inverse ETFs, etc..)</p>
<p>I will also add that personally, I wouldn&#8217;t chase the rally here with long-term 401k funds, even assuming a L/T horizon (10+ yrs). Maybe if &#038; when the big divergences, overbought conditions, low-volume warnings, extreme sentiment, extreme valuations, etc.. are taken out, ideally by a healthy correction. I also still like commodities, especially the agricultural commodities, as a position to diversify a portfolio of long-term funds although that might have to be done in accts outside a 401k.</p>
<p>Wish I could rule out the possibility of a blow-off top in the stock market but just can&#8217;t do so at this time so nothing wrong it some exposure to index funds as part of an overall long-term investment portfolio at this time. Just not something I would personally want to add to right now.</p>
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		<title>
		By: cmaallc@gmail.com		</title>
		<link>https://rightsideofthechart.com/spy-es-rising-wedge-patterns-12-10-24/#comment-34265</link>

		<dc:creator><![CDATA[cmaallc@gmail.com]]></dc:creator>
		<pubDate>Tue, 10 Dec 2024 15:12:33 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=215933#comment-34265</guid>

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			<content:encoded><![CDATA[<p>Hi Randy,<br />
I have question for long term investment. Most of my money of 401K is in cash due to the expectation of market crash. Unfortunately, the market keeps reaching new high. 401K only can be invested in mutual fund, not individual stocks. </p>
<p>Do you think that I should move the cash into market right now to avoid keeping missing the non-stop growing market?</p>
<p>Thank you,<br />
Dan</p>
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