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Unless you've been living under a rock, then you've probably heard all about the recent breakdown in large-cap Tech by now.
Just like I thought it would…
I've been giving my subscribers insight into how inflationary pressure has put most of its weight on large-cap Tech because of the expected gains this sector is known for, but might not be able to make in response to this stress.
So I've warned investors and traders to stay away from stocks that were thriving exactly one year ago.
I told them to shift their portfolios into not-so-sexy — but stable — basic Materials, Energy, Financials and Industrials stocks. These sectors tend to rise and/or hedge against inflationary pressure, which is clearly present.
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WE WANT TO HEAR FROM YOU!
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you'd like to see rankings for! All you have to do is reply directly to this email with your tickers! | | | 4 Pullback Stocks in
the Strongest Sectors
|  | The put/call ratio is a good sentiment indicator that tells us whether traders are bullish or bearish. Right now, the ratio is stretched out to the put side. This indicates more potential upside in the stock market. I've identified four great pullback stocks to trade this sentiment.
Jobless claims hit a new pandemic low this week, but the Philadelphia Federal Reserve Manufacturing Index missed the consensus by a wide margin.
I expect interest rates will start climbing toward the end of the summer. Until then, the stock market will continue being choppy and without strong directional bias.
I've ranked the stock indexes from strongest to weakest on relative strength.
In today's video, I'll go over which index is recovering and which one is breaking down… the value of using the put/call ratio… the biggest Fed reports of the week and what they mean for the economy… and four pullback opportunities in major sectors.
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