Godesburg’s Haven Investment Letter is a daily email that dissects – and puts into perspective – the key events in today’s financial world. Authors Garrett Baldwin and Dr. Gregor Bauer give insights into the major fundamental and technical indicators driving the markets, giving readers an inside edge on major opportunities misunderstood or undiscovered by Wall Street analysts and media insiders.
Momentum is Red. The S&P 500 continues to bounce around that support level of 3,900, and we could see some fireworks during Quad Witching on
Momentum is Yellow. We must exercise caution during this market selloff. The SPY’s 14-day RSI has plunged from overbought conditions to mid-tier. In previous situations,
Did you fall for the market’s latest “bull trap” on Tuesday? Last week, I explained that institutions have been selling into short-term rallies. They’re trying
The next talking head who claims how to call the market bottom… drink… The next time that someone says that the stock market is oversold…
Momentum is Red. Markets continued to break down on Thursday after the Federal Reserve announced plans to raise interest rates to 3% and told investors
Momentum is Red. The central bank will raise interest rates by at least 75 basis points during its September meeting. Federal Reserve Chairman Jerome Powell
Momentum is Red. With that said, I’ve moved to cash and taken a speculative long position on the SPY into Wednesday and stopped shorting the