Many traders have no clue… But this has set off a domino effect… And according to Chuck Hughes’ research… a handful of stocks are set to take off as a direct result!
But it’s probably not the stocks you’re thinking of right now…
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U.S. stock futures were down Monday to start the week following Friday’s sell-off.
Investors are concerned with how aggressive the Federal Reserve will be with its upcoming interest rates hikes...
However, the bond market has been choppy for the past two weeks. This is a good sign because it indicates that most of the upcoming rate fluctuations are already priced into the market.
In other news, Twitter rose 5% Monday in premarket trading on reports that the social media giant is ready to reach a deal with Tesla CEO Elon Musk following his bid to buy the company.
And Coca-Cola is up about 1% on better-than-expected earnings and revenue as companies continue reporting during another busy week for quarterly reports.
In this stock market recap video, you’ll learn why I'm focused on the bond market… why market internals are overbought… a preview of volatility and how it's impacting stocks… the major levels to watch on the key indices and sectors… the biggest Fed data that’s crucial for the economy to digest… plus an earnings update on the biggest three companies reporting Monday.
P.S. If you're wondering why call options for Twitter were down while the stock is up 4% Monday morning on news that Elon Musk is closer to buying the company, I have you covered!
Pennant formations are usually treated like flag formations because they’re similar in appearance, tend to show up at the same place in an existing trend, and have the same volume and measuring criteria.
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