Wednesday, February 9, 2022

2 Charts Driving the Economy Right Now and Oil’s Year-End Forecast

 
February 9, 2022
 
Sometimes It Pays to Wait
Ever wonder why Wall Street always seems to be one step ahead of the average Joe trader?  

It's because the big firms have a ton of top-secret trading strategies that give them an edge over everyone else!

And by the time Joe trader can pull up his accounts, the stock has made its move and is already fading…
 
Now New Money Crew Head Trader Lance Ippolito is ready to show everyone how he uses that pullback to his advantage!
Get the Details NOW!
 
2 Key Charts Driving the Market in February
It's been a rough start to the year for markets to say the least. In January, we saw the S&P 500 fall more than 7% from its record set just a few weeks earlier.

The Nasdaq 100 fell into correction territory – about 11.4% lower from its most recent all-time high.

But then, like most things on Wall Street, things changed at the drop of a hat.


How should traders approach the stock market this week?
Exactly Like This…
 
This Key Sector Is Ready for a Potential Breakout
U.S. stock futures remain flat as the major indices looked set to open lower again — and more in Tuesday's stock market recap.

Even when the markets open higher, they're drifting lower throughout the day, which is a bearish sign. So we'll want to see if some of the Federal Reserve data coming out this week can turn things around.

This week we have Redbook, the private report on retail sales, and International Trade in Goods and Services, which will tell us how supply chains are holding up and if bottlenecks are still impacting trade.

More importantly, the Consumer Price Index and consumer sentiment reports come out later this week, which will give us an idea how inflationary pressures are affecting consumers.

If these reports are good, they should lift the Information Technology and Consumer Discretionary sectors, which have been hovering around their 200-day moving averages.

In this stock market recap video, you'll learn whether tech is becoming increasingly bullish or bearish… an update on market internals and whether we're sinking or soaring… important price levels for major sectors… plus the strongest sector and stock right now.
Get the Strongest Stock Here
 
"I want to say thank you for breaking this down into what I call users English… makes it much easier to understand. As you put it I want to show you how to make LOTS OF MONEY in the stock market and that is it. I like to keep things simple and that is how you are laying it out. Have a happy holiday and a profitable new year in your new digs and thanks again for your help. Cheers,"

Bill M.
The Average True Range (ATR) is a technical analysis indicator that measures volatility by decomposing the entire range of an asset price for that period. Simply put, a stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The ATR may be used by traders to enter and exit trades, and it is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility.
Give us a follow and join the conversation on our official social media channels:

WealthPress University


 
 
ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it's presented each day.

DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user's own risk.

DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit wealthpress.com/terms for our full Terms and Conditions.
 
 
                                                           

This email was sent to edwardlorilla1986.paxforex@blogger.com by WealthPress LLC

7751 Belfort Parkway | Suite 120 | Jacksonville | FL | 32556
Forward to a friend | Unsubscribe From All WealthPress Emails

No comments:

Post a Comment

LIVE at 4 PM ET - 2 Traders Sharing 2 Different Strategies...

New Trading Event This shifting market is revealing some ideal options trades. If you are ready to grab some of the best setups...