The Russell 2000 is now trading above its 50-day moving average.
It’s the second trading day we’re seeing this, which means we are finally bullish again. Or at least small-cap stocks are.
And I’m willing to bet most of you don’t know where this rally is coming from…
It’s because of EV stocks, and I’m getting pretty excited about it. So in today’s video, I’m going to show you exactly what caused this catalyst… why EV and chip stocks are a match made in heaven… and the best EV and chip stocks to watch this spring.
The first EV stock on my list has been trading above its 50-day moving average for several days, and it looks like the stock is ready to make a comeback. Most EV stocks are still in what I like to call the twilight zone, between their 50- and 200-day moving averages. However, this first stock is a little different so I like it a lot.
I see strong opportunity in electric vehicle and semiconductor stocks that are used in EVs.
And here’s a little tip for you guys… I’m also seeing this type of rally in the FAANG stocks. But the problem is that the FAANG stocks aren’t ripe yet. So while there’s a rally in the Invesco QQQ Trust Series 1 (Nasdaq: QQQ), I’m more excited about small-cap stocks.
When I say small caps, I mean the Russell 2000, which aren’t really small-cap stocks. They’re medium cap, if you will, but that’s beside my point today.
There’s not only a huge shortage in semiconductors, but that when you combine EVs with chip stocks… the ones used in electric vehicles… that’s a real winning combination.
And I was thinking to myself that a lot of my readers would not only like to know the best EV and chip stocks to watch if the Russell 2000 is trading above its 50-day moving average, but which ones are showing the first signs of life.
So check out today’s short video and I’ll walk you through this. And be sure to share your thoughts about the best EV and chip stocks to watch in the comments section below.
And as always, don’t forget to subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video!
P.S. Very few people know this, but there’s a glitch in the market that forces Wall Street to buy up a stock…
And we’ve already seen this glitch pay out double-, triple- and even quadruple-digit gains in just a week’s time!
I’m not talking about tech explosions, value investing or risky penny stocks. I’m talking about household names soaring triple and even quadruple digits.
And knowing when this glitch happens could help everyday traders grab some of the fattest paydays…
That’s exactly why stock market expert and Forbes contributor Adam Sarhan is finally revealing how anyone can spot the next one!