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. So now what? 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: TikTok Instagram Twitter Facebook WealthPress University A Beginner's Guide to Stock Sector Analysis and Relative Strength How to Pick Winning Stocks With Simple Market Analysis Tools 1 Day Trading Indicator That Actually Works: The U-Turn Pattern 1 Simple Pullback Strategy That Actually Works: The Tail Gap Strategy The No. 1 Indicator for Pullback Trading 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. 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