Wednesday, November 24, 2021

As Media Story-Jumps, We’re Watching the Fed Drama Closely

 
November 24, 2021
 
Combat Inflation With This Strategy...
Wall Street knows the key way to beat inflation is by trying to flood the stocks that are set to outperform.

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Fed Chair Drama Overshadowed by Climate Bill, Oil Price Dip
What I expected to be a down day for markets featuring some heated debate over the next Chair of the Federal Reserve... instead went in a thousand different directions.

First, the House passed President Joe Biden's social safety net and climate bill, and the financial media jumped on that.

Then Kyle Rittenhouse was acquitted after killing two people during protests last year, and it was his turn to take front and center.

Finally, oil prices capitulated into the close, and that took over headlines.
But What's Actually Important?
 
Why a Pullback Is Key to Another Leg Higher for Big-Cap Tech
We woke up to news this past Friday morning that COVID-19 cases are back on the rise in Europe. Austria is having another lockdown, Germany is enacting new restrictions and they're calling this the fourth wave...

So the market is selling off some. But one area of strength is big-cap tech stocks and my favorite ticker on all of Wall Street... the QQQ.  

It's the rock star of all rock star tickers. It was over 2% this past week and showing remarkable strength…

But under the surface, we're seeing a changing of the guard. There have been a lot of new lows, and fewer and fewer new highs.

There are a couple of things to keep in mind when this happens… More on that in this video, as well as...
3 Q's to Pump and 3 Q's to Dump!
 
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A Trending Market is a market that is trending in a specific direction. Markets can have bullish, bearish or sideways trends.














 
 
 
 
 
Disclaimer:
The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.

The profits and performance shown are not typical, we make no future earnings claims, and you may lose money.
 
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