The main focus of these videos is to show you all of the strongest stocks and sectors I’m currently watching. But today, I wanted to switch it up.
The reason for that is simple: The number of weekly jobless claims came out better than expected.
So in today’s video, I thought I’d give you a quick update on this week’s unemployment numbers along with five low-risk investments you’ll want to take advantage of in 2021.
If you guys remember this video from last week, unemployment numbers had me pretty nervous because the number started to go back up.
Yet 803,000 Americans applied for unemployment benefits in the week ending on Dec. 19, beating the consensus of 875,000. That’s also a drop off from the 850,000 people that applied for first-time benefits the previous week.
I typically don’t put too much weight into jobless claims, but right now it’s important because the market is focused on retail data and unemployment levels. Are people seeing employment? Are they unemployed? How is that impacting the global economy and consumer confidence?
So again, this is good and important news.
But what I have figured out is that markets have two primary trends. In other words, they move vertically and horizontally.
Simple enough, right?
The longer an asset moves directionally, the better the odds it will start moving sideways. The more an asset moves sideways, the better the odds it will start moving vertically. This doesn’t tell you which way it’s going to go, but if it’s moving vertically, it’ll go up or down.
So the longer something congests, the stronger the breakout will be — whichever direction it may go.
And I like to purchase low-risk investments that are moving directionally, but also pause to move sideways. Kinda like what the first stock on my list of low-risk investments is doing right now.
Check out the video below to reveal this ticker and the next four on my list of low-risk investments for 2021. Be sure to leave a comment with your thoughts in the section below.