Tech stocks rallied as the bond market moved higher. This rally, however, will probably be short-lived due to stimulus adjustments. Momentum levels in the Nasdaq are unsustainable. That’s why I’ve identified three small-cap stocks that aren’t as sensitive to the probable interest rate hike we’ll see in the future.
This week is short, and I don’t expect a lot of movement. After big holidays, institutional investors usually take a few days to get back into the swing of things. There isn’t much economic data scheduled either. Jobless claims will probably follow recent trends. The Federal Open Market Committee’s (FOMC) released minutes from its June meeting today at 1 p.m. EDT.
In today’s video, you’ll discover whether the Nasdaq is overbought… whether bonds are moving above their 200-day moving average… how big of a pullback to expect… which stocks are at risk of downward pressure… and the top 3 small caps with the least sensitivity to interest-rate fluctuations.
P.S. People have been waiting for me to share my Sniper Trader Pro strategy for a while now…
And there has never been a better time for it. With more volatility likely around the corner, traders need to find a strategy that keeps them disciplined.
Traders could spend countless hours on research… trying to figure out when it’s best to enter a trade. Or they could simply enter a trade once a stock crosses what I call the “Sniper Line.”
This line has helped me achieve triple-digit gains on stocks, like 261% on NKE… 400% on DIS… and 740% on ANTM.
Emotions should be left out of trading — especially in murky times like these. Sniper Trader Pro uses specific data points to provide a clear entry signal.