@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
@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?
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.
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.
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.
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.
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.
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
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