{"id":58836,"date":"2023-08-11T10:15:04","date_gmt":"2023-08-11T14:15:04","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=58836"},"modified":"2023-08-15T10:27:16","modified_gmt":"2023-08-15T14:27:16","slug":"home-on-the-trading-range","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/","title":{"rendered":"Home on the Trading Range"},"content":{"rendered":"<p>Please enjoy this updated version of weekly commentary from the\u00a0<a href=\"https:\/\/report.stocknews.com\/rtrsignup\/?Pagesource=ino\" target=\"_blank\" rel=\"noopener\">Reitmeister Total Return<\/a>\u00a0newsletter. Steve Reitmeister is the CEO of\u00a0<a href=\"https:\/\/stocknews.com\/\" target=\"_blank\" rel=\"noopener\">StockNews.com<\/a>\u00a0and Editor of the\u00a0<a href=\"https:\/\/report.stocknews.com\/rtrsignup\/?Pagesource=ino\" target=\"_blank\" rel=\"noopener\">Reitmeister Total Return<\/a>.<a href=\"https:\/\/report.stocknews.com\/rtrsignup\/?Pagesource=ino\" target=\"_blank\" rel=\"noopener\">Click Here to learn more about Reitmeister Total Return<\/a><\/p>\n<hr \/>\n<p><span style=\"box-sizing: border-box; font-weight: bold; font-family: 'Open Sans', sans-serif; font-size: 15px; font-style: italic;\"><a style=\"box-sizing: border-box; background-color: transparent; color: #0028b5; text-decoration-line: none;\" href=\"https:\/\/stocknews.com\/stock\/SPY\/\">SPY<\/a><\/span><span style=\"font-family: 'Open Sans', sans-serif; font-size: 15px; font-style: italic;\">\u00a0\u2013 The nearly 20% bull run for the S&amp;P 500 (SPY) from the March lows is over. Now it\u2019s time to rest up in a trading range for the next run higher. Meaning this is the natural course of things. To relax after a hard run\u2026and then store up the required energy for the next sprint. The best part is how we can use these more range bound periods to buy the dip on some stocks with terrific upside potential. Let\u2019s talk about how we will do just that in this week\u2019s Reitmeister Total Return commentary.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>We FINALLY saw the stock market take a step back after a seeming non-stop 5 month rally. Many investment commentators point to the Fitch ratings downgraded of US debt as the primary cause. However, if we are being honest with ourselves\u2026.this self off was long overdue. The Fitch announcement was just a convenient excuse to hit the sell button for a while.<\/p>\n<p>Friday was an interesting session worthy of note. The Government Employment Report seemed like a Goldilocks announcement. Not too hot\u2026not too cold\u2026just right helping the S&amp;P 500 rise nearly 1% early in the session.<\/p>\n<p>Yet as the day progressed those gains melted off the board leading to a -0.53% session. Even more interesting was the S&amp;P 500 (<a href=\"https:\/\/stocknews.com\/stock\/SPY\/\">SPY<\/a>) closing below 4,500 and now probably on our way towards 4,400 (more on that in the Price Action section below.)<\/p>\n<p>Even though we don\u2019t like seeing red on the screen\u2026this is healthy. That investors took the opportunity of an intraday rally to take more gains off the table.<\/p>\n<p>On Monday we got a solid bounce back as investors have gotten into the habit of buying every dip the past several months as that strategy has paid off handsomely. What they didn\u2019t know was a surprise announcement on Monday that Moody\u2019s was downgrading their ratings on a slew of small to midsized banks. This reawakened the Risk Off sentiment from last week with more investors hitting the sell button in earnest on Tuesday.<\/p>\n<p>This is the classic swinging of the fear\/greed pendulum. The greed of the rally up to 4,600 was overextended. Simply conditions were not that pristine to keep rising. This left investors vulnerable to any bad news for which Fitch and Moody\u2019s were reminders that the overall market may be ahead of itself.<\/p>\n<p>Another reminder of this is on the earnings front. As we come down the homestretch of Q2 earnings season we find that earnings estimates for the future have been trimmed for the next few quarters. Adding those 3 quarters together points to virtually no year over year growth.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13492 aligncenter\" src=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23.jpg\" sizes=\"(max-width: 624px) 100vw, 624px\" srcset=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23.jpg 624w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23-300x129.jpg 300w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23-595xh.jpg 595w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23-250x107.jpg 250w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23-600x258.jpg 600w\" alt=\"\" width=\"624\" height=\"268\" data-src=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23.jpg\" data-srcset=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23.jpg 624w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23-300x129.jpg 300w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23-595xh.jpg 595w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23-250x107.jpg 250w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/Earnings-Scout-8-8-23-600x258.jpg 600w\" \/><\/p>\n<p><strong>The weak earnings outlook is NOT GOOD FUEL FOR A BULL RALLY<\/strong><\/p>\n<p>Especially true when the S&amp;P 500 is already at a PE of 20. That is not necessarily overpriced\u2026but it is rather fully priced. Thus, to reasonably expect more upside you need better earnings growth prospects for the future to compel higher prices without overly inflating PE.<\/p>\n<p>This is a long way of saying that now is a logical time for the runaway rally to end and for us to enter a healthy consolidation period to digest recent gains. And thus be more selective about the stocks that should advance from here.<\/p>\n<p><strong>So Why Still Believe in a Long Term Bull Rally?<\/strong><\/p>\n<p>Because the Fed is providing more hints of a \u201c<em>dovish tilt<\/em>\u201d. That gained steam with the speech from Harken of the Philly Fed where he stated that likely no further rate hikes are needed. At this stage they just need to give the current high rates time to sink in and bring down inflation further. Then start thinking about lower rates.<\/p>\n<p>Plain and simple, the future lowering of rates is a tail wind for the economy that increases the odds of better growth prospects (what is needed to push prices higher). Knowing that is on the horizon is a reason to be more bullish now.<\/p>\n<p>On top of that you have more business people feeling optimistic about the future. Here is the chart for the NFIB Small Business Optimism reading on Tuesday morning at 91.9.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13493 aligncenter\" src=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23.jpg\" sizes=\"(max-width: 624px) 100vw, 624px\" srcset=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23.jpg 624w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23-300x140.jpg 300w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23-595xh.jpg 595w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23-250x117.jpg 250w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23-600x280.jpg 600w\" alt=\"\" width=\"624\" height=\"291\" data-src=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23.jpg\" data-srcset=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23.jpg 624w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23-300x140.jpg 300w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23-595xh.jpg 595w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23-250x117.jpg 250w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/NFIB-8-8-23-600x280.jpg 600w\" \/><\/p>\n<p>As you can see this is the 3<sup>rd<\/sup>\u00a0straight month of improvement and the highest reading in quite a while. This increased optimism is a precursor to improving growth trends.<\/p>\n<p>Think about this. First you feel good about something\u2026then you act on that positive impulse. This is why sentiment surveys are considered leading indicators of future economic activity.<\/p>\n<p>Putting it altogether there is stronger reasons to believe that recession will be avoided during this rate hike cycle. If so, then the economy should pick up from here\u2026which lifts earnings prospects\u2026which is necessary fuel for share price appreciation.<\/p>\n<p><strong>Price Action &amp; Trading Plan<\/strong><\/p>\n<p>Here is the updated S&amp;P 500 chart:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13494 aligncenter\" src=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23.jpg\" sizes=\"(max-width: 973px) 100vw, 973px\" srcset=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23.jpg 973w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23-300x136.jpg 300w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23-768x348.jpg 768w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23-595xh.jpg 595w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23-250x113.jpg 250w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23-600x272.jpg 600w\" alt=\"\" width=\"973\" height=\"441\" data-src=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23.jpg\" data-srcset=\"https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23.jpg 973w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23-300x136.jpg 300w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23-768x348.jpg 768w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23-595xh.jpg 595w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23-250x113.jpg 250w, https:\/\/stocknews.com\/wp-content\/uploads\/2023\/08\/200-day-ma-8-8-23-600x272.jpg 600w\" \/><\/p>\n<p>Moving Averages: 50 Day (yellow), 100 Day (orange), 200 Day (red)<\/p>\n<p>Right now 4,600 is setting up as a spot of stiff resistance and now trying to find support on the underside for likely a trading range to form. My guess is that the 50 day moving average around 4,420 is about as low as stocks need to go.<\/p>\n<p>This sets up for a trading range where we likely swim around for a few months before the typical holiday rallies of November\/December kick in giving us a real shot at the previous all time high of 4,818.<\/p>\n<p>This sets us up nicely for a stock pickers market which is my favorite. Meaning where the overall market is kind of lukewarm\u2026but those with a stock picking advantage find way to carve out profits.<\/p>\n<p>In our case, the\u00a0<a href=\"https:\/\/stocknews.com\/powr-ratings\/\">POWR Ratings<\/a>\u00a0is a big advantage in our corner to find stock picking profits in any market environment\u2026especially an environment where the leaders are overripe and investors will rotate to more attractive, underpriced plays.<\/p>\n<p><strong><em>What To Do Next?<\/em><\/strong><\/p>\n<p>Discover my current portfolio of 5 stocks packed to the brim with the outperforming benefits found in our POWR Ratings model.<\/p>\n<p>Plus I have added 4 ETFs that are all in sectors well positioned to outpace the market in the weeks and months ahead.<\/p>\n<p>This is all based on my 43 years of investing experience seeing bull markets\u2026bear markets\u2026and everything between.<\/p>\n<p>If you are curious to learn more, and want to see these 9 hand selected trades, then please click the link below to get started now.<\/p>\n<p><a href=\"https:\/\/report.stocknews.com\/rtrsignup\/\">Steve Reitmeister\u2019s Trading Plan &amp; Top Picks &gt;<\/a><\/p>\n<p><em>Wishing you a world of investment success!<\/em><\/p>\n<hr \/>\n<p>SPY shares fell $0.10 (-0.02%) in after-hours trading Tuesday. Year-to-date, SPY has gained 18.23%, versus a % rise in the benchmark S&amp;P 500 index during the same period.<\/p>\n<div id=\"\">\n<hr \/>\n<p><strong>About the Author<\/strong><\/p>\n<\/div>\n<p>Steve is better known to the StockNews audience as \u201cReity\u201d. Not only is he the CEO of the firm, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. <a href=\"https:\/\/stocknews.com\/authors\/?author=steve-reitmeister\" target=\"_blank\" rel=\"noopener\">Learn more about Reity\u2019s background, along with links to his most recent articles and stock picks.<\/a><\/p>\n<p><span style=\"font-family: 'Open Sans', sans-serif; font-size: 15px; font-style: italic;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: 'Open Sans', sans-serif; font-size: 15px; font-style: italic;\">\u00a0<\/span><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Please enjoy this updated version of weekly commentary from the\u00a0Reitmeister Total Return\u00a0newsletter. Steve Reitmeister is the CEO of\u00a0StockNews.com\u00a0and Editor of the\u00a0Reitmeister Total Return.Click Here to learn more about Reitmeister Total Return SPY\u00a0\u2013 The nearly 20% bull run for the S&amp;P 500 (SPY) from the March lows is over. Now it\u2019s time to rest up in [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":58838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4462,31793,31749],"class_list":["post-58836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-market-commentary","tag-reitmeister-total-return","tag-stocknews"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Home on the Trading Range - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home on the Trading Range - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Please enjoy this updated version of weekly commentary from the\u00a0Reitmeister Total Return\u00a0newsletter. Steve Reitmeister is the CEO of\u00a0StockNews.com\u00a0and Editor of the\u00a0Reitmeister Total Return.Click Here to learn more about Reitmeister Total Return SPY\u00a0\u2013 The nearly 20% bull run for the S&amp;P 500 (SPY) from the March lows is over. Now it\u2019s time to rest up in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-11T14:15:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-15T14:27:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-15-101217.png\" \/>\n\t<meta property=\"og:image:width\" content=\"765\" \/>\n\t<meta property=\"og:image:height\" content=\"570\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"Home on the Trading Range\",\"datePublished\":\"2023-08-11T14:15:04+00:00\",\"dateModified\":\"2023-08-15T14:27:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/\"},\"wordCount\":1204,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-15-101217.png\",\"keywords\":[\"market commentary\",\"Reitmeister Total Return\",\"StockNews\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/\",\"name\":\"Home on the Trading Range - INO.com Trader&#039;s Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-15-101217.png\",\"datePublished\":\"2023-08-11T14:15:04+00:00\",\"dateModified\":\"2023-08-15T14:27:16+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#primaryimage\",\"url\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-15-101217.png\",\"contentUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-15-101217.png\",\"width\":765,\"height\":570,\"caption\":\"silver bull and bear facing each other on a balance scale\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader&#039;s Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader&#039;s Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader&#039;s Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\",\"name\":\"The INO.com Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"caption\":\"The INO.com Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Home on the Trading Range - INO.com Trader&#039;s Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/","og_locale":"en_US","og_type":"article","og_title":"Home on the Trading Range - INO.com Trader&#039;s Blog","og_description":"Please enjoy this updated version of weekly commentary from the\u00a0Reitmeister Total Return\u00a0newsletter. Steve Reitmeister is the CEO of\u00a0StockNews.com\u00a0and Editor of the\u00a0Reitmeister Total Return.Click Here to learn more about Reitmeister Total Return SPY\u00a0\u2013 The nearly 20% bull run for the S&amp;P 500 (SPY) from the March lows is over. Now it\u2019s time to rest up in [&hellip;]","og_url":"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2023-08-11T14:15:04+00:00","article_modified_time":"2023-08-15T14:27:16+00:00","og_image":[{"width":765,"height":570,"url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-15-101217.png","type":"image\/png"}],"author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"Home on the Trading Range","datePublished":"2023-08-11T14:15:04+00:00","dateModified":"2023-08-15T14:27:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/"},"wordCount":1204,"commentCount":0,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-15-101217.png","keywords":["market commentary","Reitmeister Total Return","StockNews"],"articleSection":["General"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/","url":"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/","name":"Home on the Trading Range - INO.com Trader&#039;s Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#primaryimage"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-15-101217.png","datePublished":"2023-08-11T14:15:04+00:00","dateModified":"2023-08-15T14:27:16+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/2023\/08\/home-on-the-trading-range\/#primaryimage","url":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-15-101217.png","contentUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-15-101217.png","width":765,"height":570,"caption":"silver bull and bear facing each other on a balance scale"},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader&#039;s Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader&#039;s Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader&#039;s Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280","name":"The INO.com Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","caption":"The INO.com Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/58836"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=58836"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/58836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media\/58838"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=58836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=58836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=58836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}