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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.
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…
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.
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.
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.
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.
These two sectors are showing a lot of positive momentum and I’ll be showing Stock Navigators how to profit from this price action.
Tuan Wishes He Joined the Fam 20 Years Ago
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.
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