Wednesday, February 2, 2022

Markets Look for a Fresh Start in February. Will Volatility Continue?

 
February 2, 2022
 
These Spikes Just Triggered
Jeff's Scanner
Hedge funds and large institutions test out new stocks they want to add to their portfolios at the start of each month.

They're moving mountains of cash into new stocks, buying in chunks to test price sensitivity.

As they enter, the stocks are poised to gain momentum through the rest of the month. So when these moves pop up on Joy of the Trade Head Trader Jeff Zananiri' scanner… He rides these babies all the way to the end of the month for gains like 105%... 201%... and even 423%!
Get the Latest Money Flows Here!
 
The Top Sector and Stock as Price Action Shows Its Hand
The markets started fresh on Tuesday morning following a rough first month of the year after Exxon and UPS reported better-than-expected earnings.

January typically sets the tone for the rest of the year, but things will be different in 2022.

COVID-19 changed things drastically. The Federal Reserve pumped a lot of capital into the markets over the past few years, and bond purchasing distorted the action we would typically see.

We can't necessarily look to past trends, nor can we put too much weight on the fluctuations we're seeing now compared to those we saw years ago, because conditions are so different.

That said, as long as major indices continue to see higher highs and higher lows, we will be in good shape.

In this stock market recap video, you'll discover what major levels on the S&P 500 and Dow generate bullish momentum… get a broad look at momentum and pullback levels… an update on earnings … plus the top stock in the top sector and the bottom stock in the bottom sector.
Get the Top Stock Here
 
The Strongest Sector With the Worst Volatility Behind Us… for Now
Let's take a look at the online trading company Robinhood as meme stocks squeezed higher to end January.

Everyone thought I was joking in this past Thursday's Daily Profits War Room, when I took a small earnings bet on Robinhood… But look who's laughing now!

You can't say they didn't have a point — Robinhood's earnings fell short of expectations and the stock cratered… But that didn't stop shares from squeezing more than 30% off of Friday's lows!

Now, I can't blame traders who want to steer clear of meme stonk options, so don't worry, I have two more trades that are lighting up the Blitz Tracker!
Get the Day's Top Trades Here!
 
"Loved your recent video on RSI, one of my favorite indicators. I also changed the time, but even a shorter period than yours. I'm going to put 10 days in now for a trial. Thanks for all the great information."

William R.
Once an area or "zone" of Support or Resistance has been identified, it provides valuable potential trade entry or exit points. This is because, as a price reaches a point of support or resistance, it will do one of two things – bounce back away from the support or resistance level, or violate the price level and continue in its direction – until it hits the next support or resistance level.
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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.
 
Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.
Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.

 
 
                                                           

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