The major indices are climbing back up after closing down on Monday after Federal Reserve Chair Jerome Powell said upcoming rate hikes could get even more aggressive than last week’s 0.25% increase — and more in Tuesday’s stock market recap.
On Monday, Powell vowed to take “necessary steps” to fight what he called “too high” inflation, causing the market to sell off and break its five-session win streak.
But I’m not as concerned with where the markets close as I am with whether or not we break the previous day’s high.
If we can keep moving higher, and the major indices break above their 200-day moving averages, we’re going to have a lot of investors putting their money back in, and things will get bullish again.
In this morning’s stock market recap video, you'll discover what's driving price action right now… the practical levels that will drive the major indices higher… a full sector analysis… plus the hottest and weakest stocks, and their sectors.
There’s a right way and a wrong way to trade this volatility.
The secret to finding winning trades right now is all in what I call the “Super Stocks.”
I’m going live at 1 p.m. EDT on Tuesday, March 22, to break down a strategy that will help investors take a more systematic approach to trading.
But first, I recommend potential attendees read a free e-book so they can better understand all the information I’ll be giving on Tuesday.
In it, I talk about the No. 1 mistake traders make that allows Wall Street algorithms to rob them blind. I also reverse engineer the algorithmic system I use in the strategy to show everyone exactly how it works.
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