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20090623

The market experienced a modest decline with little movement in stocks as it prepares for the upcoming earnings season. The short-term trading oscillator indicates an oversold condition, suggesting potential upward movement soon. Most stocks are not yet favorable for ownership, and caution is advised for those considering inverse stocks due to the current market conditions.

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Harvey Dychiao
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4 views1 page

20090623

The market experienced a modest decline with little movement in stocks as it prepares for the upcoming earnings season. The short-term trading oscillator indicates an oversold condition, suggesting potential upward movement soon. Most stocks are not yet favorable for ownership, and caution is advised for those considering inverse stocks due to the current market conditions.

Uploaded by

Harvey Dychiao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Welcome ARCHIVE Morning Update Chat Room Charting FAQ's

NEWSLETTER & Oscillator Programs

Hello out there stock fans. A modest down day for the market with little movement in stocks as they work off
their big move from April and rest before earnings season gets underway in about three weeks.

Let's start off with the S&P-500 and then on to the Transportation index.

My short term trading oscillator dropped more points today and closed the day at minus 59. This is a pretty
good oversold reading and suggests we could see some up side to the market soon.

Most stocks are not yet t for owning as they vascillate all over the map after big moves. Stocks most likely
won't look good until earnings start coming out in three to four weeks. In the meantime we can sit back and
look for potential bases to form.

The market is too oversold for inverse stocks to work at this time, but let's look at some anyway. Careful on
these stocks if you're long as the market is deeply oversold at this time.

See you tomorrow in the chat room and back here tomorrow night.

Daniel J. Zanger

Copyright © 2021 Daniel J. Zanger


All rights reserved. Do not duplicate or redistribute in any form.

CHARTPATTERN.COMTM - Technical stock analyst and World Record Holder Dan ZangerTM shares
pro table strategies for trading the stock market in the The Zanger ReportTM. The Zanger ReportTM is
a nightly newsletter that features breakouts, swing trading, breakout trading, technical stock chart
analysis, stock tips, market research, hot stocks, and commented charts with highlighted
chartpatterns. Dan ZangerTM shares additional real time strategy plays daily in his large chatroom.

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