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Market correction underway after March rally; stock allocation to rise when sentiment and price confirm a low

Market News
09 Nov 2026, 21:28 WIB
Seeking Alpha
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Neutral
Market correction underway after March rally; stock allocation to rise when sentiment and price confirm a low

Michael James McDonald notes that the nine-month rally ending in March appears to have concluded, with a market correction now in progress. His sentiment indicators remain neutral, showing no extreme investor optimism or pessimism that would signal the end of the correction. He advises increasing stock allocation only when both price patterns and sentiment metrics confirm a stable market bottom. McDonald emphasizes setting time targets over price targets for investing decisions, based on his long experience studying investor psychology and market cycles.

What Happened To The November Time Target? (SP500) is the subject, with Pluang market data as of Nov 10, 2026 00:02 WIB. On this date, out of 150 priced US stocks tradable on Pluang, 119 rose and 31 fell. Notable movers include Macy's Inc (M) at USD 24.98 with a 1-day change of +8.25%, ASE Technology Holding Co Ltd (ASX) at USD 34.21 with +8.16%, and Nokia Corp (NOK) at USD 8.22 with +7.31%.

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