9-15-25 All Time Highs on Muted Moves | Before the Bell Markets hit another all time high last week, but on very muted moves as investors continue climb a wall of worry. Markets continue to test the 20-DMA and rally back above...another pullback to that level would not be surprising. Markets are somewhat over bought on a relative strength basis, and not sitting on a very tight MACD momentum signal. Retail buying is approaching some of the highest levels we've seen, while professional investors' allocations are still somewhat underweight equities (computer traded algorithms are excepted). AS we head into the end of the quarter, we could see institutional buying also providing additional support. This is NOT the look of a "market melt-up;" it's just a gradual grind higher with investors willing to pay a little more without a sharp, speculative spike. What to watch? Volatility remains complacent, and complacent markets invariably lead to non-complacent markets. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next RIA Dynamic Learning Series event, "Savvy Medicare Planning," September 18, 2025: https://realinvestmentadvice.com/resources/events/savvy-medicare-planning-what-baby-boomers-need-to-know-about-medicare/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketComplacency #MarketDeviations #NegativeDivergence #AllTimeHigh #WallOfWorry #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

Complacent markets invariably lead to non-complacent markets: All you need is a catalyst.
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#MarketComplacency #MarketDeviations #NegativeDivergence

9-9-25 Market Deviations Continue to Grow | Before the Bell Markets getting pretty "over-done," with negative divergences in relative strength and momentum, with a significant gap between where the market is trading and the 20-DMA. Moving averages have "gravitational pull;" meaning, the larger the gap, the greater the pull back towards the average. This is why markets correct, and this gap WILL eventually close. Presently the difference would be about an 8% clipping. Despite the "altitude" of markets, which is extremely high, the risk of correction very much remains...up to about 8% now. That would be normal. It happens. The fact that we had a 20% correction in April somewhat minimizes the risk of a move as massive, but corrective risk remains, nonetheless. Meanwhile, Bonds have been doing exceptionally well. Yields have been dropping fairly sharply, with the Ten-year Treasury approaching 4%. Similarly, Gold has had a very steady climb after a long consolidation, and it's time to take some profits. Bit coin has also turned up positive on a buy signal (we discuss Bitcoin at length in today's show). Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=PIeIdX4aXas&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next RIA Dynamic Learning Series event, "Savvy Medicare Planning," September 18, 2025: https://realinvestmentadvice.com/resources/events/savvy-medicare-planning-what-baby-boomers-need-to-know-about-medicare/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketDeviations #NegativeDivergence #MarketCorrection #Gold #Yields #Treasuries #Bitcoin #RiskManagement #Gold #Oil #Yields #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

Moving averages are like gravity, and higher the markets climb, the stronger the pull back down to the average: Correction is inevitable.
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#MarketDeviations #NegativeDivergence #MarketCorrection

9-8-25 Negative Divergence Continues to Concern | Before the Bell Markets sold off on Friday; nothing really surprising to investors. Markets continue to grind along the trend line, with a little weakness showing in Nvidia and other tech stocks. This is why it's important to keep portfolios balanced between growth a defense. The S&P isn't breaking out, rather moving side ways, tracking right along with the 20-DMA. The biggest concern we have presently is the continuing, large negative divergence in relative strength and momentum. This behavior tends to show up prior to market corrections. Volatility remains extremely suppressed. Gold's consolidation has resulted in abnormal over-bought conditions. This would be a great place to take profits and await the next pullback. An inverse of that has been Oil prices, very over-sold. Despite the weakness in Oil, Energy prices have been performing well. Bond Yields have fallen sharply over the past three sessions; the trend in Yields has been decidedly lower over the past few months. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next RIA Dynamic Learning Series event, "Savvy Medicare Planning," September 18, 2025: https://realinvestmentadvice.com/resources/events/savvy-medicare-planning-what-baby-boomers-need-to-know-about-medicare/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #BullishTrend #NegativeDivergence #MarketCorrection #PortfolioAllocation #PortfolioHedging #RiskManagement #Gold #Oil #Yields #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

The negative divergence of Momentum & Relative Strength from the S&P continues to cause concern.
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#BullishTrend #NegativeDivergence #MarketCorrection

9-4-25 Markets' Bullish Trend Remains Intact | Before the Bell Markets were flat for the day on Wednesday until the end of the session, when markets rallied above the 20-DMA to keep the bullish trend intact. Each intra-day pullback exposes the 'buy-the-dip' mentality. But that doesn't move the needle much in terms of relative strength or momentum, which remain rather weak. Markets just haven't made much of a move in a while. That is the type of activity seen when markets are trying to slow the pace and prepare for a pullback (not a MAJOR correction). The longer markets trade sideways and work off over-bought positions, the better the opportunity that will be afforded for investors to add equity exposure. Interestingly, Gold has been in an over-sold position, has worked through, and is now in a place where profit taking is prime. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Articles mentioned in this report: "Portfolio Risk Management: Accepting The Hard Truth" https://realinvestmentadvice.com/resources/blog/portfolio-risk-management-accepting-the-hard-truth/ "Meme Markets: Investing vs. Entertainment" https://realinvestmentadvice.com/resources/blog/meme-markets-investing-vs-entertainment/ ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next RIA Dynamic Learning Series event, "Savvy Medicare Planning," September 18, 2025: https://realinvestmentadvice.com/resources/events/savvy-medicare-planning-what-baby-boomers-need-to-know-about-medicare/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #BullishTrend #NegativeDivergence #MarketCorrection #PortfolioAllocation #PortfolioHedging #RiskManagement #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

Are markets trying to slow the pace in preparation for a pullback?
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#BullishTrend #NegativeDivergence #MarketCorrection

9-3-25 Is Tuesday's Market Drop the Start of Correction? | Before the Bell Markets sold off, as expected, for the first trading day of September. Market action has been very compressed, with not a lot of volatility. Markets ARE moving, but not in big moves in one direction or the other. This tends to lend to a lot of complacency in the market. Markets DID break through the 20-DMA, but a break is only valid if it holds through the end of the week. IF that occurs, the 50-DMA is the next level of key support, and below that, it's a long way down before reaching any significant levels of support. Still, the market is continuing its low-volatility rise. The negative divergence in momentum and relative strength remains, and appears to be increasing, and that tends to lead to bigger corrective action. Was Tuesday's sell-off the start of a correction, which would align with September's reputation as a "weaker" month for markets? The Thing to watch will be the 50-DMA, as key support. There are a lot of trading algorithms lined up at the 50-DMA, and a break below that level will trigger a lot of selling. That risk is worth a bit of hedging in your portfolio at least until we get through the month. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=__3NfLfuGNQ&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Articles mentioned in this report: "Portfolio Risk Management: Accepting The Hard Truth" https://realinvestmentadvice.com/resources/blog/portfolio-risk-management-accepting-the-hard-truth/ "Meme Markets: Investing vs. Entertainment" https://realinvestmentadvice.com/resources/blog/meme-markets-investing-vs-entertainment/ ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next RIA Dynamic Learning Series event, "Savvy Medicare Planning," September 18, 2025: https://realinvestmentadvice.com/resources/events/savvy-medicare-planning-what-baby-boomers-need-to-know-about-medicare/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #BullishTrend #NegativeDivergence #MarketCorrection #PortfolioAllocation #PortfolioHedging #RiskManagement #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

Could a weaker start to September be a prelude to market correction?
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#BullishTrend #NegativeDivergence #MarketCorrection

9-2-25 Be Cautious With Allocations | Before the Bell Markets closed down a bit on Friday ahead of a long, holiday weekend, but still maintained its bullish trend. The 20-DMA is continuing to act as running trend support, and bullishly-speaking, the market is doing just fine. The trend line support is very important because trading algorithms and systematic traders have all moved their stops up to that 20-DMA; if we DO get a confirmed violation of the 20-Day, we could see more selling pressure come into play. Just below that is the 50-DMA, which will become much more critical for support: If the market takes out the 50-DMA, a LOT of programmatic selling will kick in, followed by a quicker drop to the 100- and 200-DMA's...which have all converged around 6,000. We don't think we'll see 6,000 by the end of the month, before we get set up for an end-of-year rally, but there is the potential for a pullback this month. There is a lot of speculative activity that could be quickly unwound if we get a bit of a correction. The divergences in relative strength and momentum we've been watching are precursors for larger than normally expected corrections. Re-balancing portfolios and storing up a little cash this month would be wise. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Articles mentioned in this report: "Meme Markets: Investing vs. Entertainment" https://realinvestmentadvice.com/resources/blog/meme-markets-investing-vs-entertainment/ ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next RIA Dynamic Learning Series event, "Savvy Medicare Planning," September 18, 2025: https://realinvestmentadvice.com/resources/events/savvy-medicare-planning-what-baby-boomers-need-to-know-about-medicare/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #BullishTrend #NegativeDivergence #MarketCorrection #PortfolioAllocation #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

Speculative activity could rapidly unwind if we get a correction.
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#BullishTrend #NegativeDivergence #MarketCorrection

8-27-25 Low Volatility Begets High Volatility | Before the Bell Markets rallied Tuesday, still in a tight trading range. Negative divergence continues, and market breadth remains low, with a lot of stocks NOT participating in this action. There is no market concern; this level of complacency is what sets up for an eventual correction. And while a 5% might be expected (and normal), it will be painful following this elongated period of gains. Low volatility begets high volatility; all markets need is a catalyst. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next RIA Dynamic Learning Series event, "Savvy Medicare Planning," September 18, 2025: https://realinvestmentadvice.com/resources/events/savvy-medicare-planning-what-baby-boomers-need-to-know-about-medicare/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #BullishTrend #LowVolativity #HighVolativity #NegativeDivergence #MarketCorrection #MarketVolatility #NASDAQ #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

Market complacency is at an all time high, and volatility at an ebb, setting up for eventual correction: All we need is a catalyst.
Catch Lance Roberts' latest Before the Bell Report on our YouTube channel now:
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#BullishTrend #LowVolativity #NegativeDivergence

Despite a test of all-time highs on Monday, market internals continue to weaken as a prelude to eventual correction.
Catch Lance Roberts' latest Before the Bell Report on our YouTube channel now:
youtu.be/oYjR_cIL3Yo
#BullishTrend #MarketTechnicals #NegativeDivergence