Momentum levels are rising and the Russell 2000 is set to break out as the bond market bottoms — and more in Wednesday’s stock market recap.
Momentum is one of the internals I like to keep an eye on because it can help us identify whether the market is strong or weak...
And for the first time in a while, more than 50% of all stocks priced above $2 trading above their 50-day moving averages.
The chart for momentum levels exhibited what’s called a “double bottom,” and it’s now starting to break out to the upside.
This is a bullish sign, and the chart for the Russell 2000 looks almost exactly the same, indicating it’s also poised to move higher.
We’re also seeing the bond market finally bottoming out. And with interest rates set to move higher, I have one trade set to benefit and one that won’t, both with an option pick!
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!
These 2 Small-Cap Stocks Are the Best Bet for Profits in 2022
January 3, 2022
Most traders naturally flock toward large, well-known stocks — that makes sense because most are popular companies we’ve loved or heard about our entire lives.
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