Most folks who’ve been looking at the market as a whole are probably ready to throw in the towel…
But that’s only because they have no idea how much opportunity is still out there…
WealthPress Senior Strategist and legendary investor Tom Busby just went live to reveal the full details on this simple strategy in a special presentation.
It’s no secret that 2022 hasn’t been good for the stock market, but even more so for the Nasdaq. In fact, even after last week’s 5.4% rally, the Nasdaq is down about 26% year to date through the close on Friday, June 24. That’s a big, BIG number…
I felt a little historic before I left for vacation, so I filmed a video covering the history of Nasdaq bear markets including the dot-com blow up, when I started my trading career.
So it’s a little bit of a trip down memory lane when I learned some of my most important lessons.
History rhymes, so this is a great time to look back at Nasdaq bear markets to see how things played out over the course of months and years, giving us a framework to deal with what’s happening right now.
U.S. stock futures traded higher Tuesday morning as Wall Street attempted to sustain its rebound from the bear-market lows.
The Consumer Confidence report was on the table Tuesday, which measures how confident consumers feel about the overall state of the economy. The consensus range was 95 to 104, with the number coming in at 98.7.
But another major factor traders and investors need to pay attention to this week is the horizontal trading action on the TLT. The longer the bond market goes sideways or stagnates, the less pressure there will be on the broader market.
I also have my eye on volatility via the VIX, or fear gauge, because if it breaks down to the 23 level — 20 is considered “average” volatility — it will cancel out the spike we saw when the Consumer Price Index came in at 8.6% for May.
P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
Day Trading is defined as the buying and selling of a security within a single trading day. This can occur in any marketplace but is most common in the foreign exchange (forex) market and stock market. Typically, day traders are well-educated and well-funded. They use high amounts of leverage and short-term trading strategies to capitalize on small price movements in highly liquid stocks or currencies.
Give us a follow and join the conversation on our official social media channels:
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "Why We’re in a Multi-Month — if Not Multi-Year — Bear Market"
Post a Comment