What's Happening In The Markets: 1:49
Stock Market Crash Fall 2020: 6:00
Trade It Forward: 20:00
Deep Dive Q&A: 23:15

I'm starting to feel a bit like a broken record, but yes, once again the S&P 500 has made a new record high, with it and the Dow up over 1.5% on the day.

Taking a look at the Nasdaq, it was lagging a bit today and here's why: AAPL & TSLA

As you know, both company's stocks split this past Monday. Ever since the announcement both stocks have been going straight up...but that's not quite the story today with both getting a bit banged up.

Another noteworthy stock and company that has become a household name this year, Zoom (ZM), skyrocketed higher on their earnings announcement but is down nearly 8% on the day.

It's just like the old saying goes, "What Goes Up, Must Come Down" and the same goes for stocks.

Which leads us into our main discussion for the day:

Are we in for another stock market crash this fall (2020)?

As we're all aware, right now there is a confluence of crises unlike any time in my life and times are definitely pretty tough for a lot of Americans right now.

If you've followed the markets for any length of time you're probably aware that more market crashes have happened in the fall than any other time.

All of these noteworthy market shakedowns happened in October:
- The Bank Panic of 1907
- The Stock Market Crash of 1929
- Black Monday 1987

Have you heard of the "October Effect" before?

It's basically the preconceived notion that the markets are more likely to get banged up in October...but in reality, September has actually seen more down markets than October.

Also to keep in mind, this is an election year which is attributed to some of the historical volatility seen in October (obviously on election years).

So I found some data on how the markets have performed in the three months leading up to an election: https://www.isabelnet.com/sp-500-index-performance-3-months-before-a-presidential-election/

As you can see from the chart, they've gone back over the last 23 elections and all with the exception of the 2008 election there hasn't been overly bearish activity.

So based on this data, I think it's a fair assessment that the markets will drift higher...why?

Well, from the 23 past elections the majority of the time that has been the case.

Also, I don't expect Trump to do anything right now to potential shake up the markets. He wants to be able to say "Hey look, the markets are at all time highs right now." So I wouldn't expect any new fights with China or anything like that at least for the next few months.

So the few other things to note, would be after just wrapping up earnings season we saw that 84% of companies reported better than expected. This coupled with the fact that most economic data coming out has been better than expected.

Now...there is one thing that could send us lower at least temporarily. What is it? Profit taking!

At a certain point, with day-after-day of new highs traders and investors are going to start taking profits and the question really is how much.

So for this, I like to look at Fibonacci level. So let's run a few levels using this tool on SPX (the S&P 500 cash index).

From one of the most recent pullbacks, we'll run some levels from it and here's the potential support levels:

$3500
$3400

Something else I like to do is something I learned from a friend called the "Missed Pivot Points." He actually has an indicator on TradingView. Just search "Rob Booker" and you should find the "Missed Pivot Points" indicator.

If you're not using TradingView you can sign up for an account here: https://www.rockwelltrading.com/tradingview

So could the markets crash over the next few months? Well of course, anything is possible, but based on the analysis I've shown you I would be VERY surprised.

Before we get into the Q&A, I wanted to just touch on what we're calling our #tradeitforward campaign.

I decided I was going to donate all of my trading profits from my new "Wheel" income account to someone in need. With the help of you all we found two mother's we've decided to donate the money to. So in addition to my pledge the community has also pitched in and I just wanted to tell you thank you so, so much! You all are awesome!

If you would like to donate to either of them, their campaigns are still set up here:

Lisa: https://bit.ly/2QHg5eK
Christina: https://bit.ly/32Nwjsw

Links & Videos Mentioned:
Sept. 3rd Live Training: https://bit.ly/3jr0Kv2
Options 101:  https://bit.ly/2V7Nf9T
The "Wheel" Strategy Explained: https://bit.ly/3ePN4qT
Penny Stocks: https://youtu.be/ydFU768hbao

#stockmarketcrashfall2020 #stockmarketcrash2020 #2020stockmarketcrash

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