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Members of my VIP Trade Room have been asking me over the past few sessions or so if it's time for us to move back into solar energy and EV stocks.
If you can remember, I was hot and heavy with these names for quite a while.
But since then, it seems like solar energy and EV stocks and ETFs took a dump below their 200-day moving averages. They went from being the darlings of Wall Street to the weakest-performing sectors.
So the real question is whether they'll continue moving lower, or begin to head higher once again...
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Get Your Questions Answered | WE WANT TO HEAR FROM YOU!
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you'd like to see rankings for! All you have to do is reply directly to this email with your tickers! | | The Top 2 Plays Ahead of Today's Fed Meeting
| | All eyes are on today's Federal Open Market Committee meeting. Stock markets around the world were mixed as they awaited the outcome...
As inflationary worries rise, stocks are more sensitive to any changes in current monetary policy. Tech stocks are the likely winners of a business-as-usual outcome, and defensive stocks would benefit from any mention of future Fed action.
I've identified two defensive plays with pullbacks that would benefit from a shift in market sentiment. One is a global manufacturer and the other is an ETF. Basic materials stocks have been cooling off lately, but today's news may heat things up again.
In today's video, you'll learn about the imminent narrowing of momentum in the broader indexes… get an update on today's Fed announcement… whether inflationary stocks will continue trending… whether tech is done rallying or just getting started… and the top stock and ETF on my radar.
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| June 13, 2021 | I know I've been highly critical but bullish on tech stocks lately, and lower rates are great news for these names.
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