Stock Navigators logo

Like I Said 2 Days Ago: Real Estate Pops 15% While Resistance Holds

by Tom Luong, April 1, 2022
gathering

FREE WEBINAR

This is how to start learning today.

10 people signed up today

Free Webinar →

Every single day presents new opportunities and new obstacles for the stock market.

That’s why I give my Stock Navigators daily market updates.

Using technical analysis, we can determine the “buy zone” and “sell zone” of the market.

Support levels are the “buy zone” while resistance levels are the “sell zone.”

Two days ago, I told you to keep your eyes on resistance… and the real estate sector.

And if you invested in the real estate sector… you would have made a pretty penny.

Technical Analysis

Resistance Holds and the Market Pulls Back

The S&P failed to break resistance and began pulling back from the $4,637.09 level. 

So this level marks our “sell zone” - it’s the blue rectangle at the top right corner…

content

You may also notice a blue rectangle around support levels, near the 2/24/22 date.

This is the “buy zone.”

We’re seeing similar patterns in the Nasdaq.

content

The Nasdaq is currently hitting resistance at the $15,266.38 level. 

Like I mentioned two days ago, we’re now seeing a short-term pullback after the market failed to break resistance. 

This is the power of technical analysis.

We can’t predict the future but we can make very educated guesses. 

I’ll be keeping my eyes on the overall market and notifying Stock Navigators of any opportunities that I find.

To make sure you get my latest market updates, please click here.

Sector Highlight

Houses on Fire

I told you to keep an eye out for the real estate sector, didn’t I?

The Real Estate Select Sector SPDR Fund (XLRE) is forming a nice cup-and-handle.

content

It popped up 15% from its support level and is showing very bullish activity. 

 We’re also seeing a similar cup-and-handle in the utilities sector.

content

These two sectors are showing a lot of positive momentum and I’ll be showing Stock Navigators how to profit from this price action. 

Click here to see how you can take advantage of cup-and-handle patterns.

SN Family Secrets

Tuan Wishes He Joined the Fam 20 Years Ago

content

Juggling 3 kids and a full-time job is no easy task.

Like any good father, Tuan wanted to secure his family’s financial independence. 

He began his engineering career in the middle of the 2000’s tech boom.

But then the 2008 and 2020 economic catastrophes wiped out half his 401(k).

Tuan learned a very hard lesson… 

The economy can destroy your wealth no matter how stable your job is.

So, Tuan decided to join Stock Navigators

He admits that his wife thought it was a bad idea… but Tuan decided to give it a shot. 

Well, it’s a good thing he did!

Tuan made $160,000 in 4 months thanks to the SN family!

Don’t take my word for it, here’s the man himself…

Tuan wishes he joined the Stock Navigators crew 20 years earlier!

He says joining SN is the best decision he’s ever made.

The crew is making money every single day and I’d love it if you joined us in our success.

If you want to join the family and take your profits to the next level, click here to see what Stock Navigators can do for you.

Related Articles

Tom Luong, April 8, 2022
Vu Nguyen, April 5, 2022
Tom Luong, March 1, 2022

5 min

Get started on your path to financial freedom

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.

Please try again

background z-10
ellipse animation
Stock Navigators logo

If you do not agree with any term or provision of our terms and conditions, please exit the site immediately. Please be advised that your continued use of this site or the products or information provided thereby shall indicate your consent and agreement to these terms and conditions.

Stock Navigators may express or utilize testimonials or descriptions of past performance, but such items are not indicative of future results or performance, or any representation, warranty or guarantee that any result will be obtained by you. These results and performances are NOT TYPICAL, and you should not expect to achieve the same or similar results or performance. Your results may differ materially from those expressed or utilized by Stock Navigators due to a number of factors. Please review the information contained in our Terms of Services and Disclaimers.

© Copyright 2022 Stock Navigators, Inc.