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Man, what a day it has been for the market.
Today we saw stocks drop down 100 points or so.
Fortunately, we haven’t breached the S&P 500’s last line of defense.
The last line of defense is $4,101.75 and it cannot be disrespected.
Mark my words, the moment it breaks this level to the downside… there will be trouble coming around the corner.
This begs the question… will support be supported?
The S&P 500 is Testing Dangerous Waters
When I look at the S&P 500, I see a bearish market.
We’ve been seeing lower highs and lower lows for quite some time now.
Not only is the market extremely volatile, it’s also trending downwards.
During times like these, we need to focus on the significant support levels.
I like to look at the E-mini S&P 500 Index Futures.
Notice the yellow line at the bottom?
This is the $4,101.75 support level.
It’s been over a year since the S&P 500 last hit this number.
That’s why I say this is the market’s last line of defense.
Right now, the S&P 500 is inching closer and closer to this level but fortunately it hasn’t fallen below it… yet.
But if it does fall below it… we could see a very aggressive move to the downside.
Either way, you already know I’m positioning my portfolio to profit from a selloff - click here to see what I’m doing.
The 3 Sectors That Are Moving Up While the Market Crashes Down
The market is currently bloody red.
Take a look for yourself…
But even amidst all this blood, there are still pockets of green.
The defense sector, the energy sector, and commodities (like gold and oil) are on the rise while everything else is pulling back.
For example, in the defense sector…
We’ve got Northrop Grumman Corporation (NOC), which hit an all-time high (ATH) in February… and then hit another ATH of $490.82 this month!
How about Lockheed Martin Corporation (LMT)?
Same thing. Hit an ATH last month. Hit a new ATH of $479.99 this month.
Raytheon Technologies Corp (RTX) also did a double ATH, and it’s currently at $104.34.
That’s why I’ve been constantly talking about these sectors with Stock Navigators.
When the market is red, I’m looking for the corner that’s green, and these 3 sectors were the ones that fit the mark.
Confessions of a Nail Technician
Like so many other people, Duc was tired of going to a job he had no passion for.
He was working as a nail technician and his spark for life disappeared.
But then, he found Stock Navigators.
Once again, he began feeling the fire.
Duc didn’t even know what a stock was… but he didn’t let this stop him.
In his first year of trading, he made $162,000.
Thanks to the Stock Navigators family, he was able to quit the job he hates.
Now, he devotes his time to his passions, while maintaining complete financial security.
You can hear his amazing story below…
As they say, “Teach a man to fish and feed him for a lifetime.”
Stock Navigators changed Duc’s life in a year.
Joining the SN family was one of the best decisions of his life.
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