When shorting a stock or sector, look for the weakest link. Right now, one of those weak links is the consumer staples sector. I picked KO to the downside because it is in this sector, and it has the technicals plus the squeeze to back the idea up.
Tomorrow morning, we will get earnings results from several key airlines as well as bank stocks. Is the economy slowing down, or not? Well, the tone of this earnings season will be dependent on proof in these numbers. At this point, we are two weeks into 2019 and we have seen a couple stand out sectors. What does that mean and how should we trade them? The market is directly at resistance; let’s watch for a catalyst to make or break this market at 2600.
Crude dropped 2% and after the recent run-up; what does this say about the broader equities rally?
How are they reacting as traders and investors expect a shift in the statement from the FOMC this month?
Stock indexes are at an interesting crux after a sharp rally off the lows. These 3 stocks saw great performance inside that and I’ll be looking at any pullbacks for a chance to get long.
We begin tonight’s review with an interesting poll, a reminder on next week’s member webinars, and then go through a healthy list of tickers to help get us prepared for next week’s trading.
