Stock Navigators logo

4 Straight Days of Gains - But I’m Not Betting on the Market Just Yet

by Tom Luong, March 2, 2022
gathering

FREE WEBINAR

This is how to start learning today.

10 people signed up today

Free Webinar →

The S&P, the Nasdaq, and the Dow have all posted 4 consecutive days of bullish activity. 

But don’t be fooled by all this consecutive bullishness.

Remember, investing in stocks always comes with risk. 

Just because every major index is rallying higher does not mean this upward momentum will continue. 

That’s why Stock Navigators use technical analysis.

Using modern technical analysis, we can drown out the noise and focus on the numbers.

While everybody else is gambling with stocks, we’re identifying key price targets.

Macro Trend Breakdown

The Market is Breaking Resistance

Right now all the major indexes are breaking resistance levels. 

For example, take a look at the S&P…

content

It moved above its downward trendline and 200-day moving average.

The Nasdaq is showing similar patterns…

content

Although it hasn’t moved above its 200-day MA, it is trading above resistance.

Not to mention, those four huge green candles.

We’re also seeing big green movement in the Dow…

content

I like what I’m seeing right now but I’m not betting on a bull rally just yet. 

From a technical standpoint, I need to see more bullishness before coming to any conclusions.

I share everything I’m analyzing with Stock Navigators - click here to get all my latest, most up-to-date research.

Sector Highlight 

Energy is Stuck in a Sideways Correction

Just a few weeks ago, the big news story was energy.

As countries began imposing sanctions on Russia, many began looking elsewhere for oil. 

I told you this party would be short-lived and now the energy sector is coming back down just as quickly as it shot up.

Here’s a chart of the Energy Select Sector SPDR Fund (XLE).

content

After topping out at the $80 level, it’s now beginning to fall. 

I’ve been warning Stock Navigators not to jump in because I knew this drop was inevitable. 

But while the energy sector is sliding down, other sectors are gearing up for a bull rally.

And I’m showing my Stock Navigators how to play those sectors for big gains - click here to see how.

SN Family Secrets

Bob Can Retire Early Now - Money’s No Longer a Problem

content

Bob was getting to the age where the “R-word” becomes more real.

Of course, the “R-word” is retirement.

As he began seriously thinking about the next chapter in his life, Bob realized he needed another income source to sustain his lifestyle.

Not to mention, he wanted to do something that would keep his brain sharp. 

Long story short: Bob joined the Stock Navigators family… and now he’s averaging $500 per day!

You can listen to his testimony below...

For Bob, the consistency of the profits was life-changing.

He’s free to trade at his own pace because he knows how consistently the money flows in.

In fact, his advice to new SN members is to take things slowly.

Slow and steady wins the race, and the Stock Navigators family can show you how to generate consistent cash, just like we did for Bob.

Click here for more details on the SN family!

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.