Funds and institutions use algorithmic trading to give themselves an almost unfair advantage over the rest of the market… leaving other traders to fend for themselves.
That’s why WealthPress Senior Strategist Roger Scott created this brand-new e-book where he breaks down how Wall Street has found a way to win no matter what direction the market goes.
Let’s take another look at energy stock Occidental Petroleum as oil prices continue to soar as a result of the war in Ukraine.
With oil heading toward prices the market hasn’t seen in 15 years along with ridiculous volatility, energy names are flooding the Blitz Tracker to start the week…
One name that continues to stand out is our good friend Occidental Petroleum, which hit new 52-week highs in the premarket before pulling back 18% by midday.
The massive price swing only seemed to encourage bullish options traders as several big bets hit the Blitz Tracker during Monday’s session!
And if the oil market is too wild for your taste, I have two more top trades burning up this week’s tape…
Futures are flat as the markets await data from several important reports — and more in Tuesday’s stock market recap.
Tuesday is all about energy and supply chain issues, with the report for international trade in goods and services being released. This report gives us an idea of how supply chain issues are impacting the economy.
And the fact that COVID-19 hit our supply chains hard could be nothing compared to the impact of the war between Russia and Ukraine.
The prices for oil and other commodities are already soaring, with oil surging to its highest price in 14 years over concerns regarding supply, especially as the U.S. is set to ban oil from Russia.
In this morning’s stock market recap video, you'll discover what Federal Reserve data will impact the market the most… key price levels on the major indices… whether volatility is increasing or not…. a deep dive into the 11 major sectors… the strongest and weakest stocks… plus low-hanging fruit opportunities in three sectors right now.
“Roger, I like your professionalism, integrity and dedication to clients.”
Vincent R.
A Bullish Divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again. Often, a bullish divergence marks the end of a downtrend.
Give us a follow and join the conversation on our official social media channels! Just this week, Jeff Z took aim at the federal government for adding to the market chaos we’ve seen, making it impossible to find a bottom.
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