Global stock markets are mostly mixed today following a pullback on Wall Street on Tuesday.
The iShares 20+ Year Treasury Bond (Nasdaq: TLT) is flat, and there hasn’t been much of a correlation between the bond market and the Nasdaq over the past few days. So the bond market is likely to enter a choppy trading period.
Here’s what that means for us…
In today’s video, I have more on why the stock market is losing its natural rhythm… the significance of the put/call ratio on market action… the impact of divergence on the S&P 500… the biggest Federal Reserve data to watch this week… and the four weakest biotech stocks breaking down now.
The first breakdown name I’m giving away today is actually an ETF. It’s hovering in what I like to call the twilight zone, between the 50- and 200-day moving averages. However, it could test its 200-day MA since the S&P is expected to come down a bit.
P.S. There’s a brand-new market loophole most people have never heard of.
It’s giving everyday traders the opportunity to grab payouts on thousands of stocks every single week.
In fact, Wall Street legend Chuck Hughes has already used this formula to signal winner after winner… 96.3% of the time!
And that’s even when he was wrong about the direction the market was headed!
This could be the best trading strategy anyone will ever encounter in their lifetime…