After a year-to-date decline of almost 20%, many are starting to wonder when it is worth investing in stocks, and which are the most convenient. Listed on American stock exchanges and other international markets, there are many stocks with a high dividend and also greatly undervalued compared to the fair value estimated by experts. After last week’s price hike, is it time to go back to buying stocks, ETFs and mutual funds?
Let’s proceed step by step.
The trading session on 16 September closed at the following levels:
How is the American stock market doing?
In red, the forecast for 2022. In blue, the path followed by the American markets from the beginning of the year until the close of 16 September.
The closing of last week may have definitively confirmed that prices could take a divergent path from now to mid-October compared to bullish expectations. Further confirmations are awaited from the week that has just begun.
But could the decline that began in January for the main world stock exchanges be archived immediately?
The odds are still bearish. The levels to be monitored at the end of this month are as follows:
If September closes below these levels, probably, according to proprietary trading systems, the following price areas will be reached during the month of October:
29,500 / 29,000
10,600 / 10,300
3,600 / 3,400.
How is the American stock market going and where is it headed
Very short bearish trend until we see a daily close above 30.867. Lasting highs only with this weekly close above 32,505.
Very short bearish trend until we see a daily close above 11.461. Lasting highs only with this weekly close above 12,271.
Very short bearish trend until we see a daily close above 3,960. Lasting highs only with this weekly close above 4.120.
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Buying or selling stocks?
Proprietary trading systems project falls from now on, although some oscillators are diverging. Today it will be important to understand if the last few days of decline have been a false signal or not, and if now a bearish phase of several percentage points begins.
What stock to invest in today?
Better to wait for developments from today.
Because BTPs are falling and it is not the right time to invest