I hate to be the bearer of bad news, but today’s stock market isn’t like it was several months ago.
If you look at the way most major indexes are trading, you’ll notice that price action for the past few sessions has been nasty, to say the least.
We’ve been patting ourselves on the back here at WealthPress a lot lately for not falling for these traps…
But it’s misleading to the everyday trader because some tickers — like Bank of America on Wednesday — look great at the open… And then half an hour later, they’ve started to fade.
So things have changed big-time, and those who don’t adapt will get left behind.
This is part of the reason why Joy of the Trade Head Trader Jeff Zananiri and I decided to take our weekly roundtable session live so we can answer your questions in real time. Better yet, New Money Crew Head Trader Lance Ippolito joined in on our conversation again this week!
The three of us also used this time to go over the best way people can hedge or protect their portfolios from downside pressure… an update on support levels for things like the S&P 500 and Nasdaq 100… what traders need to pay attention to ahead of certain earnings reports… and some tickers we like and don’t like right now.
It was the first major tech stock to report this week, and it wasn’t great…
Netflix’s fourth-quarter report revealed a slowdown in the company’s subscriber growth and even worse projections for Q1 2022, which sent shares down 20% in premarket trading.
Elsewhere, Intel announced plans to invest $20 billion in two new chip manufacturing plants in Ohio as it aims to stay competitive with rivals as well as address the global chip shortage.
In this stock market recap video, you'll learn why I believe markets are close to bottoming out… whether energy markets are responding to Ukraine and Russia… the best way to trade with the current volatility… and an update for the week ahead.
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!
Financial Instruments are products traded on an exchange or in an over-the-counter market, such as stocks, bonds, or futures contracts. There are two basic types: (1) a debt instrument, which is a loan with an agreement to pay back funds with interest; (2) an equity security, which is a share of ownership or stock in a company. Derivatives of these basic types are also considered financial instruments.
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.
0 Response to "My Latest Bullish and Bearish Stock Picks and More 2022 Predictions"
Post a Comment