After Tesla and Netflix earnings failed to give Wall Street what it was looking for, tech has been selling off…
But is it a pullback or the beginning of a bigger downturn?
The tech sector and the Nasdaq opened trading Thursday down, and then headed lower all day… While it’s up this morning, we don’t have any major catalysts as far as earnings, so I expect we’ll see blue-chip stocks begin to take the lead.
The Financials, Industrials and Energy sectors have been heading higher for the past month, and I expect that to continue.
In Friday’s all new “Premarket Must Watch,” I’ll cover if tech stocks are due for another round of selling pressure… which stocks algo traders are busy hitting hard? Whether the overall market has a catalyst to trade higher? What will today’s earnings do for the market? Three stocks that are up or down over 30% pre-open ready for big moves!
P.S. My Biggest Prediction of 2023 Is Backed By 7 Decades of Data
If you missed my big reveal this week, you’re in luck! Because I’m going live at 1 p.m. Eastern on Saturday with my good friend and former market maker Jack Carter…
He was blown away when I showed him my research into what could be the biggest trading opportunity of 2023!
The data dating back seven decades shows that every single time we’ve come out of a recession — 9 of 9 times! — something explosive has happened with about 150 lesser-known stocks…
And with the S&P 500 up 20% off the bear market lows, now is that time again.
I may even have a free stock and option play if things go according to plan in the market today!
See You Saturday!
