Well folks, we’ve officially hit four straight days of market gains — looks like there’s room for bulls to celebrate!
But what’s boosting investors’ confidence so much? Well for one, Chinese trade data came out very positive, with a 3.5% rise in exports in April.
And investors are taking a fifth week of reduced unemployment applications as a good sign — even though total claims are at roughly 34 million.
But I still see one potential (big) red flag…
Finally, comments from President Trump have raised concerns of further trade friction with Beijing — the last thing an economy recovering from a pandemic needs…
Here’s what you need to know.
In today’s video, I’m also covering my No. 1 most hated stock today… how I use the 90-day breakdowns to alert me to weak stocks… how I confirm them with the CSI sector scan… and how I select short entries and manage risk.
There’s going to be a surge of post-quarantine spending with governments slowly reopening, and we’re likely going to see some huge spikes in specific stocks.