Global stock markets are higher today with positive economic data out of Japan and South Korea, and following President Joe Biden revealed his $2.3 trillion infrastructure spending plan.
The Nasdaq was up nearly 135 points as I filmed this video, and the Invesco QQQ Trust Series 1 (Nasdaq: QQQ) is finally trading above its 50-day moving average. But don’t hold your breath because it still needs to get back to its all-time highs before it turns into a full-fledged bull market again.
This is what we need to pay attention to…
In today’s video, I have more on if the Nasdaq is ready to turn bullish again… why today’s jobless claims report is crucial… which stocks to avoid for the time being… how to gauge bullish or bearish sentiment… and two stocks to watch that are in bullish industries and sectors.
The first stock isn’t the most flashy or sexy name, but it does deserve a spot in your portfolio or watchlist. That’s because the stock made a swing high this past February, broke down and is now up again.
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