Global stock markets were flat today as investors await details on President Joe Biden’s $2 trillion infrastructure and economic recovery package.
The Invesco QQQ Trust Series 1 (Nasdaq: QQQ) is still trading way below its 50-day moving average, which means large-cap tech stocks are choppy, though, up about 0.6% just before the opening bell. And it’s having somewhat of an impact on the SPDR S&P 500 ETF Trust (NYSEArca: SPY), too.
The SPY would be trading much higher. However, it’s already trading above its 50-day moving average, so that tells us the congestion or downside pressure is isolated.
That’s great news for us. Here’s why…
In today’s video, I have more on when large-cap tech could begin trending… whether bonds will break down further… why small-cap stocks are weakening… which major index is leading higher… and the top four stocks ready to trade higher.
The first stock can be found in the basic Materials sector. I told you a few months back that this stock is going to rally, and it’s now up 84% the past 12 months!
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
1 Comment
Im very new to this still wacthing videos all day to get a better understanding plus i dont have a big capital $100 which my wife didnt want give me lol so here I am. Very apperciative of you what you are doing