Short-term pullbacks are key to trading today’s overbought levels… And there are three plays in the gaming, agricultural and healthcare sectors that may bounce back from recent short-term pullbacks — and more in today’s stock market recap.
Trading these types of pullbacks are great low-risk, high-profit opportunities. Short-term pullbacks are not overextended… And that’s a great place to be in today’s market environment.
In today’s stock market recap, global markets are mixed this morning with the U.S. opening lower after weak manufacturing data.
More than half of the S&P 500 has reported earnings, and companies continue to crush estimates. Pepsi, Colgate-Palmolive, Merck and CVS are still to come this week.
With an uneven global recovery, today’s international trade numbers in goods and services are in the spotlight. The petroleum status report comes out on Wednesday. Jobless claims will be reported on Thursday and April’s employment report will be out on Friday.
Money is expected to flow into the health care sector with President Joe Biden’s infrastructure plan. Also, when technology stocks cool down, the health care sector tends to go up… And we know what momentum levels in the Nasdaq are warning us about…
After trading higher for almost two months, Health Care Select Sector SPDR Fund (NYSE: XLV) pulled back. It’s now made a pivot, and could continue to move higher toward new levels.
I’ve mentioned today’s agricultural stock before and it has done well since. The health care play is an ETF that is also pulling back. Consumer discretionary spending will continue to explode this summer after great retail and gross domestic product figures, and today’s gaming stock is set to benefit.
In today’s video, you’ll learn whether the stock market has more upside to go… the top stocks to target during the current market cycle… the biggest reports set to impact the market this week… and three pullback opportunities to the upside.
People have more money right now than ever before because of the recent rounds of stimulus checks. And the newest earnings reports have proven that people are spending that money…
If the current earnings season continues to surprise, we could be looking at a redefined path for markets in 2021.
We could see some massive moves on that path… and traders can get in on the action with the Next Breakout Stock before it takes off this summer.
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.