We’ve had a lot thrown at us the past two years or so.
I mean, we’ve seen everything from a global pandemic and supply chain bottlenecks to inflation levels at 40-year highs. Meanwhile, Russia President Vladimir Putin invaded Ukraine in late February...
Which begs the question… where do we go from here?
And you know what? I’m bullish.
In this video, I explain why I’m bullish right now… what sector we should all be looking at for a BIG rebound… and the top 3 consumer discretionary companies on my watchlist.
It was a fantastic stock for most of the year and now I wouldn’t look twice at it. It was a defensive stock, a flight to safety. Now it’s junk. Same with Freeport-McMoRan, which had also been a market darling this year until the past couple of weeks when it’s gotten crushed...
So people are scrambling for safety. But I wouldn’t look to bonds, either…
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When the MACD falls below the signal line, it is a Bearish Crossover, or a signal that indicates it may be time to sell. Conversely, when the MACD rises above the signal line, the indicator gives a Bullish Crossover, a signal that suggests the price of the asset is likely to experience upward momentum. Some traders wait for a confirmed cross above the signal line before entering a position in order to reduce the chances of being "faked out" and entering a position too early.
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