Tuesday, November 23, 2021

The 1 Sector in Danger as the Market Prepares for a Pullback

 
November 23, 2021
 
Unlock the Ticker Wall Street
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Joy of the Trade's Jeff Zananiri is about to unveil the hidden pricing anomaly that's allowed traders to get in front of moves like 236% in four days... 162% in 12 days... and 235% in 21 days... all from one ticker!

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The No. 1 Chart to Watch on the Market for Thanksgiving Week
The stock market started this Thanksgiving trading week with an attitude that continues to climb any and all walls of worry.

There was a lot of noise premarket Monday morning due to big news from the White House that President Joe Biden is sticking with Jerome Powell as Chair of the Federal Reserve.

U.S. stock futures had an instant knee-jerk reaction, ripping higher. Although, so did interest rates…

I expect bank stocks to lead the market this week, as well as select retailers. I also expect higher interest rate pressure to hit technology stocks, causing a cool-off in the Nasdaq 100.

However, we have a wild card this week...
What to Watch out for This Week
 
1 Sector in the Most Danger and Monday's Huge Fed News
We have a fragmented week ahead of us due to Thanksgiving, but the markets are up as we move toward the holidays.

President Joe Biden just announced he will stick with Jerome Powell as the head of the Federal Reserve.
As COVID continues to surge across Europe, Austria entered its fourth national lockdown with a new vaccine mandate to take effect on Feb. 1.

Shares of vaccine manufacturers Pfizer Inc., BioNTech and Moderna Inc. are rising after the CDC approved vaccine booster shots for all U.S. adults.

The U.S. 10-year Treasury yield was up to 1.60% Monday morning.

I am a bit worried about the pull/call ratio. The lows are getting lower, meaning we could be preparing for a pullback.
And I believe that pullback will be felt the most in one particular sector…
Find out Which Here
 
"Very nice training Video in Options… very simple and informative."

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Trend Trading is a trading strategy that attempts to capture gains through the analysis of a security's momentum in a particular direction. Trend traders enter into a long position when a security is trending upward (e.g. successively higher highs) and/or enter a short position when a security is trending lower (e.g. successively lower highs).
 
 
 
 
 
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