How to Spot a Bottom in Stocks

75 snips

Jan 21, 2025

Steve Strazza, Director of Research at All Star Charts, brings his expertise in chart analysis to discuss how to spot stock market bottoms. He delves into recent market trends, including the Dow's significant downturn, and uncovers historical patterns that can inform future predictions. The conversation also touches on ethical trading practices, the shift of investor focus from China to India, and the evolving landscape of cryptocurrency, highlighting the complex dynamics of today's market.

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ANECDOTE

Dow's Losing Streak

In December 2023, Michael Batnick's dad sent him a newspaper article about the Dow Jones' 10-day losing streak.
This unusual event, coupled with poor market breadth, sparked bearish sentiment.

INSIGHT

Streaks Can Be Deceiving

Despite the Dow's losing streak, focusing solely on streaks is not a reliable indicator for market direction.
Win streaks can occur in both bull and bear markets, offering no clear signal.

INSIGHT

Breadth Thrust Significance

Market breadth indicators, like the Whaley Thrust, gain significance when widely recognized.
When multiple breadth indicators align, it signals a potential market shift.

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On this TCAF Tuesday, hear an all-new episode of What Are Your Thoughts with Michael Batnick and special guest Steve Strazza, Director of Research at All Star Charts!

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