If you’ve paid attention to my recent videos, then you already know less than half of the stocks in the S&P 500 are pushing the index to record levels. And that the relative strength index for the Nasdaq is at its highest level since September 2020.
A cooldown is almost certain at this point, so I’ve identified two defensive pullback opportunities to trade this market environment.
Home prices for April and consumer confidence continue to rise. The biggest report to look at this week will be Friday’s jobs report for June. This will show us how many jobs were created by American employers and give us a better understanding of the jobs situation.
In today’s video, you’ll discover why the market is grossly overbought… what S&P 500 and Nasdaq divergence levels are telling us… why the put/call ratio is too bullish in the short term… and two hot defensive stocks to target right now.
P.S. Expert trader and Forbes contributor Adam Sarhan has been sitting on a secret… And he’s decided to unveil it now — at the major tipping point in cryptocurrencies.
Because three powerful forces are converging this July to flood the crypto market with trillions of dollars.
And if traders know how to spot the right coins, they could walk away with the type of gains we’ve seen before in the explosive crypto market…
Adam is making sure everybody knows about the three coins poised to take off from the coming crypto convergence so no one gets left behind.
It’s not too late to join the next crypto boom. This is time-sensitive information.