Jeff Clark

[Jeff Clark @JeffClaktrader]

@Michaeldespiri4 I sent you an email, check.

[Jeff Clark @JeffClaktrader]

@Michaeldespiri4 Send me your number so I can call or text you . Or an email

[Jeff Clark @JeffClaktrader]

@Michaeldespiri4 Send me your number and I’ll text you, you won’t be able to add me with my name on WhatsApp. You can on use a phone number

[Jeff Clark @JeffClaktrader]

@Michaeldespiri4 Hey man! Have you been able to set up your WhatsApp account?

[Jeff Clark @JeffClaktrader]

@Michaeldespiri4 You have to be positive at all times. Set up WhatsApp using your cell phone number. You can install WhatsApp on your device and then set it up with your phone number. It’s easy to operate

[Jeff Clark @JeffClaktrader]

@Michaeldespiri4 It’s on the message section where you can chat , but you can send me your WhatsApp number. So we can talk better. What other messaging app do you use?

[Jeff Clark @JeffClarktrader]

Lots of BIG OIL stocks showing up on my reversion-to-the-mean screen as potential buys. Not surprising. Oil stocks tend to decline heading into a Presidential election, and then rally afterwards. Buy 'em here. Take a nap. Sell 'em in December.

[Jeff Clark @JeffClarktrader]

Please read today's Market Minute essay...
https://t.co/7W72x4qWd3
It's an important statement about the current stock market setup. The essays for the rest of this week will build on today's.

[Jeff Clark @JeffClarktrader]

Investors are excited about the Fed cutting interest rates next month. But...
The Fed started a rate cutting cycle in March, 2000 when the S&P was at all-time highs.
The Fed started a rate cutting cycle in September, 2007. when the S&P was at all-time highs.
History rhymes.

[Jeff Clark @JeffClarktrader]

Everybody is gambling. The stock market wreaks of late-2021 vibes. It's all about chasing momentum. Nobody is looking at risk. This is a bad setup. Traders should be cautious.

[Jeff Clark @JeffClarktrader]

With the broad stock market in an overbought/extended condition, I'm more inclined to look for trade setups from the short side. Here are a few that look vulnerable...

BMY, CHKP. DHI, FFIV, SFM.

[Jeff Clark @JeffClarktrader]

Here are this week's reversion to the mean candidates...
Potential buys: EL, HUBS, PZZA, LZ, ALB
Potential sales: GS, NEM, KOLD, SWKS, KMX

[Jeff Clark @JeffClarktrader]

Nice action in last week's reversion to the mean setups. The longs held up well, except for EL - which will likely make this week's list. And, the shorts fell with the broad stock market

[Jeff Clark @JeffClarktrader]

Here are a few "reversion to the mean" trading candidates to keep an eye on next week...

Potential buys: NKE, EL, BBWI, OSCR, POWL

Potential sells: DHI, UTHR, RIVN, PNC, UNH

[Jeff Clark @JeffClarktrader]

"We don't need to be in a hurry to cut." Translation... "Have you seen the price of Cocoa?"