4 Straight Days of Gains - But I’m Not Betting on the Market Just Yet
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…
It moved above its downward trendline and 200-day moving average.
The Nasdaq is showing similar patterns…
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…
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).
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
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.
Stock Navigators
Stock Navigators
Stock Navigators has one mission - to help people improve their lives via trading. And it's all made possibly by our team of stay-at-home day traders who provide the most up-to-date analysis every single day. With over twenty years of combined trading experience, Stock Navigators helps you stay on top of the market.
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