Investor Alert
Lawrence G. McMillan

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Dec. 4, 2021, 2:51 p.m. EST

These stock-market signals will tell you when it’s safe to buy again

By Lawrence G. McMillan

The S&P 500 index (SPX) has plunged over the past week—ostensibly on fears of the new omicron COVID variant—but really that was just the catalyst that exposed weak internals of this market: breadth, put-call ratios and new lows.

We will go over each of those individually, but this market is already showing signs of becoming extremely oversold, even though the S&P /zigman2/quotes/210599714/realtime SPX -1.04% is not down that much from its highs.

However, oversold does not mean buy, and oversold markets can continue down for some time before buy signals are confirmed.

-43.28 -1.04%
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Feb. 3, 2023 4:54p

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