U.S. stock futures are lower this morning as traders and investors turn their attention to May’s employment data — and more in Friday's stock market recap.
The CBOE Volatility Index, also known as the VIX, finally broke its support level to the downside. This is significant because if volatility continues to fall, which I expect it to, over the next couple of trading days, the broader stock market should rise.
The more the VIX cools off, the better it’ll be for the price of stocks…
As I mentioned earlier this week, the VanEck Semiconductor ETF, which tracks the largest U.S.-listed semiconductor companies, is starting to make its move and lead the market higher.
There are still a ton of short sellers in the market right now. But if the major indexes and ETFs like the SMH continue to rise, it’ll squeeze all of these shorts sellers out and cause stocks to rally hard.
In this morning’s stock market recap video, I’ll give you an in-depth update on market internals… which index is setting up for upside trading action in the near term… the major sector I have my eye on right now… why volatility levels are declining and what it means for the broader market… and what type of trading action we can expect heading into next week.
They’re not companies you’ll hear about on Fox Business or CNBC, and they aren’t stocks your friends are talking about.
That’s why I put together a short bootcamp training video that reveals everything for you.
But don’t wait to watch because these “Super Stocks” are dirt cheap right now… I mean, the Fed just started tightening so there’s still plenty of meat on the bone.
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