If you look at momentum levels on the Nasdaq 100, you’ll notice that the number of stocks trading below their 50-day moving averages is 20%. In the past 15 years, we’ve only hit this level six times.
But these levels aren’t just showing up on the QQQ, a fund that tracks the Nasdaq...
They’re also present on the Dow Jones Industrial Average, which tells us market internals are oversold.
Stocks started the week lower after Chinese real estate company Evergrande’s shares were suspended from trading. Investors were focused on interest rates, inflation and the Federal Reserve last week. This week, we’ll see economic data to gauge supply chain issues. Momentum levels show the downside for stocks could soon be reaching an end. October, however, is historically the most volatile month of the year. So I’ve picked out three hot stocks pulling back to their 50-day moving averages to start off this week.
In this video, you’ll discover the biggest Federal Reserve reports of the week… the hottest stocks to trade… current momentum levels… the top sector to follow… and the biggest threats and opportunities.
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!
How to Profit From the Natural Gas Shortage and Europe’s Energy Crisis
September 29, 2021
This winter, countries will fight over something that’s usually readily available... But in a post-pandemic world, it will now be in alarmingly short supply.
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
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