The impact of the energy market can be substantial — there’s a lot of market cap in there...
So it’s important to pay attention to red flags that can disrupt the flow of that market — like an oil shortage and energy crisis.
Wall Street has been extremely volatile over the past few weeks… October is almost always a volatile month, but this year the volatility kicked in early... And now an approaching winter is going to throw another wrench in things.
Current headlines only make the picture that much clearer… And investors aren’t ready for the depth of impact the energy crisis will have on their favorite stocks — like some EV names.
And right now, the oil shortage, energy crisis and lack of natural gas supply is scary as heck.
Luckily, Joy of the Trade Head Trader Jeff Zananiri and I have a gameplan on how to handle this.
Friday’s jobs report showed considerably slowed growth in September. The unemployment rate, however, fell to 4.8%. This news comes after positive jobless claims and the Senate’s decision to raise the debt ceiling. Stocks could end up trading choppy between their 50- and 200-day moving averages. So I’ve picked out which sectors traders should focus on in this environment.
In this video, you’ll discover whether the market is oversold or overbought… what market internals are telling us… whether large or small caps are leading… an update on momentum levels… a preview on Friday’s employment report… and where support levels are for the bond market.
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!
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.
[Live Encore] Staring Now Hey there, In just a few minutes, I'm hosting my second LIVE event of the day! I want as many people as possible to see m…Read More...
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