During Jeff Zananiri’s time on Wall Street, he discovered that on the third trading day of every month… a select group of stocks start a one-month “sprint.”
Why?
Because big institutional and mutual fund managers reallocate their portfolios at the beginning of every month, flooding the strongest stocks more than others inside their portfolios.
Ever since he learned this, it’s allowed him to crush the S&P 500 on a monthly schedule!
For the sake of typicality, so far this year from Jan. 1, through June 30, the average winner from this strategy has been 123.76%...
And the average return per position has been 29.52% over an average 26-day hold time!
Jeff is about to release July’s trades, and you don’t want to miss it!
The major indexes are down following the S&P 500’s worst first half since 1970.
With a three-day holiday weekend for the Fourth of July, a lot of traders took off Friday for travel, so we experienced low volume and little to no directional bias.
Chip-maker Micron released earnings just below expectations Thursday after the market close. Micron is oversold to the downside, as we can see in the divergence between the stock price and its Relative Strength Index.
Micron’s earnings could impact the chip sector, so we’ll want to keep an eye on the VanEck Semiconductor ETF, SMH.
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.
Last week saw a lot of nasty economic data and global events impacting the markets, pulling the S&P 500 and the other major indexes lower yet again as we headed into the Fourth of July holiday weekend.
Volume was low and trading was subdued Friday as investors prepared for the long weekend. It remains to be seen whether the S&P 500 will recover or continue trending lower, meaning we’ll keep an eye on how it reacts come Tuesday morning.
But there is a bright spot amid the doom and gloom that’s been 2022 — health care stocks…
A Stochastic Oscillator is a momentum indicator comparing a particular closing price of a security to a range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period, or by taking a moving average of the result. It is used to generate overbought and oversold trading signals, utilizing a 0-100 bounded range of values.
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