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Asbury Research’s Stock Market Update & Asbury Investment Management Video: June 5th, 2019

Posted on: Wednesday, June 5th, 2019

This Week’s Market Bounce: New Buying Opportunity Or Place To Further Reduce Risk?

The title of our previous May 22nd update was It’s Sink Or Swim Time For US Stocks.  In that report, we said:

“..without improving market internals, as would be seen in a positive shift in our Asbury 6, it is likely to be the latter (sinking stock prices).”

And sink they did, by another 127 points or 4.5% by the benchmark S&P 500 (SPX) into the 2729 June 3rd low.

Chart 1 below shows that this week’s rebound was actually triggered by a test of important underlying support at 2722, which is the March 8th benchmark low.

Chart 1

This is a logical place for the market to begin a rebound, as traders cover short positions and value hunters look to “buy the dip”.

However, at least so far, this logical place for a rebound has not  yet shown any indications that it’s any more than that.  Table 1 below shows that our Asbury 6 key market internals, which measure the market’s strength “under the hood” in six different ways, is still negative (bearish) as it has been since May 7th — which was just three trading days off the May 1st all-time high.

Table 1

Our Asbury 6 can change quickly, however, so we will be closely monitoring them this week for any indications that this technical bounce from support has evolved into a new buying opportunity.

The video below shows how we have used Asbury Research’s analysis and strategy to manage investor assets, in real time, for our Asbury Research Management clients.


Asbury Investment Management (AIM): Our Latest Video
Asbury Research Ideas, Expertly Managed

Click Here for our 06/04/2019 Video Review,
which explains how we have recently utilized Asbury Research’s market analysis and investment ideas to professionally manage client portfolios.

AIM offers a unique approach to investment management that is dynamic, based on the current condition and risk/reward profile of the financial markets, rather than on whatever your investment allocation may have been pre-determined to be.

For further information about Asbury Research Management, please email or call 1-844-4-ASBURY (1-844-427-2879).

This communication is for informational purposes only. It is not intended as investment advice, or as an offer or solicitation for the purchase or sale of any financial asset.  No inferences may be made and no guarantees of profitability are being stated by Asbury Research LLC.  The risk of loss trading in financial assets can be substantial. Therefore, you should therefore carefully consider whether such trading is suitable for you in light of your financial condition.