S&P 500 Dip Buying Strategy
Short-term losses in the S&P 500 may be necessary for traders to position themselves for larger gains.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Cboe's customers are showing more demand for shorter-dated, outcome-based trading opportunities, which led to the debut of the prediction market offering, according to JJ Kinahan, head of retail expansion and alternative investment products at Cboe."
"However, markets in a trading range should be considered neutral until all-time highs are breached, but long-term investors can accumulate."
"The S&P 500 has been functionally a leveraged inverse oil trade for four weeks. Wednesday’s move — Brent at $96.38, WTI at $88.62, indices up 0.9%–1.4% — is the clearest confirmation of that relationship you will see."
""This is kind of a classic geopolitical shock," Fitzgerald said. "Short-term shocks are difficult to predict and frequently followed by recoveries," said Amy Arnott, a portfolio strategist at Morningstar."
"A breakout on either side of 6,630-6,680 will determine the next move."
"the final effective date is typically one of the highest-volume trading days of the year."
""When you have very few catalysts and minimal trading activity you tend to see continuation of the trends.""
"All lead indexes have defendable support, so that I wouldn't be shorting markets."
"Keep taking profits early and often because today’s winning trade will turn into tomorrow’s loser."
"Goldman Sachs estimates that S&P 500 earnings will be trimmed by about 1.5%."