It makes sense for there to be a ton of market volatility right now thanks to things like Meta’s (Facebook) disappointing quarterly report, and the fact that we recently had one of the worst market shakeouts since the COVID-19 crash in March of 2020.
I tend to talk about pullbacks in a lot of my videos… However, if you’re wondering exactly what they are, they’re a pause or moderate drop in the price of a stock or stock market. And they’re relatively short in terms of duration.
But the real question you should be asking is how we can gauge those pullbacks in price…
The Nasdaq opened over 300 points lower following dismal earnings from Facebook parent company Meta Platforms — and more in Thursday’s stock market recap.
Meta Platforms dropped $71 per share, down a total of 23%, as the company missed on earnings, revenue, daily and monthly active users, and revenue per user.
The company cited inflation and supply chain disruptions as causes, saying users are increasingly choosing more affordable products, ones that “monetize at lower rates.”
We saw some volatility in the Nasdaq as a result, with it down over 2.5%.
In this morning’s stock market recap video, you'll discover the No. 1 sector investors need to have in their portfolios… a look into market internals and volatility levels… an update on the most logical directional bias for the market… plus my No. 1 sector play.
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!
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