The Market Is Sick & October Will Be The Worst Month
Chief Investment Strategist John Kosar, CMT appeared Wednesday, October 14th on the TD Ameritrade Network‘s Morning Trade Live show to discuss Asbury Research’s latest outlook for the US stock market.
“The market is internally not healthy and any rallies we see here are likely to be brief and not big”, says John Kosar. He discusses how the “Asbury 6” metric indicators are all in the red. He also talks about how 35.88 in the S&P 500 is a key level to look for. He then notes how seasonally it seems that October will be the worst month for the markets and that he is looking at investor sentiment to know the right time to invest. He believes there could be a great buying season before the end of the year, we just have to wait for it to show up on the tactical side. Tune in to find out more about the stock market today.
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