Perhaps the only upside to war — if there’s even such a thing — is the fact that it creates new profit opportunities in the stock market.
The Energy sector is making new highs thanks to the potential shortage due to sanctions against Russia. Don’t get me wrong, energy stocks are super bullish and have been leading the Cumulative Strength Index scan I run daily.
The Russia-Ukraine crisis seems to be priced into the market as it opened higher despite Wednesday’s large attack — and more in Thursday’s stock market recap.
However, I still expect a degree of volatility. A lot of important reports were released throughout Thursday including factory orders, productivity and costs, jobless claims, the PMI Composite Final and the ISM Services Index.
The Federal Reserve also confirmed it will take action on raising interest rates, although not as aggressive as originally planned. This news had little impact on the bond market, which is still seeing a flight to quality as investors seek safer investments.
In this stock market recap video, you’ll discover which piece of Fed data is impacting the market right now… which sector is starting to show signs of strength… major levels for all three indices… plus my top ETF complete with an option strike price.
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!
I’ve been getting a ton of emails asking me how to apply my trading techniques to the options market… So here’s the best swing trading options strategy for beginners I know.
Use These 3 Precious Metal Stocks for a Smart Hedge
March 2, 2022
Investing in precious metal stocks like gold, silver and platinum, and other metals like copper and steel are often great ways to hedge against inflation…
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