Over the past week, I’ve warned you that markets are vulnerable...
In today’s stock market recap, I break down the S&P 500’s chart with updated support and resistance levels. I’ll also point out which four sectors are especially vulnerable over the next few weeks.
But it’s not doom and gloom for all stocks...
There’s one sector in particular that’s showing strength, and I expect it to move higher. Not only will I tell you the sector, but I’ll also tell you exactly how I’d trade it, including the options chain.
We’ll also take a look at the housing sectors. The numbers we’re seeing indicate we could be at the start of a housing recession.
In this morning’s stock market recap video, we’ll discuss why momentum levels are turning south… the single biggest factor that's causing me to become bearish… an update on major sectors and their biggest vulnerabilities… show you my favorite sector right now… explain why speculative stocks are not ready for prime time… an update on the global economy... and pinpoint the biggest reports you need to focus on.
Why billionaires are piling into one little-known sector in preparation for what might be the worst crisis yet this coming winter.
What experts are saying about a rare 20-year supercycle.
And why parking your money in the S&P 500 over the next few months could cause you to miss out on what could be the most explosive trading opportunities.
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time.
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