We're in a crucial 48-hour window in the stock market. The market was likely to be subdued today in anticipation of Thursday's gross domestic product number. Making long-term trades right now could backfire, as there is a lot of uncertainty on Wall Street. I've identified two low-risk, high-probability pullback plays to trade this market.
The S&P 500 is trading above its 50-day moving average for the second day in a row. Meanwhile, momentum levels are down as less than 50% of stocks in the index are trading below their 50-day MA.
Keep an eye on the bond market. Bonds and interest rates are negatively correlated. If bonds go lower, interest rates rise. Higher rates are bad for tech and other speculative stocks, and are good for blue-chip and other defensive names. In today's video, you'll discover whether volatility will pick up or decline in the next 48 hours… the biggest report from the Federal Reserve to pay attention to… whether bonds will decline or rise sharply… whether the S&P 500 is vulnerable to downside pressure… and two hot pullback stocks to buy right now.
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