3 Blue-Chip Stocks Headed for Breakdowns
Global stock markets and U.S. futures traded lower this morning over concerns about rising COVID-19 cases in countries around the world and as Wall Street volatility continues to run amuck.
In the U.S., markets are riled up about the wild swings in stocks like GameStop and AMC that were targeted by small online traders, which stung huge hedge funds that betted the stocks would go down.
Investors are also closely monitoring spikes in COVID-19 cases in Europe and Asia and whether President Joe Biden’s proposed $.19 trillion economic stimulus package will deliver $1,400 checks to most Americans.
This is exactly how we got to where we are now…
In today’s video, I have more on how COVID-19 is influencing global stock markets… how earnings are impacting the market… my expectations for volatility in the next few months… whether the Dow is going to break its 50-day moving average… and three large stocks headed for a breakdown.
P.S. The little guys are leading a charge against Wall Street…
And could open up opportunities to strike it rich — even if you aren’t an expert!
For the first time in trading history, the balance of power has swung in another direction. Retail investors could have just as much potential to move the markets as Wall Street veterans.
The Robinhood Effect could forge a new path for everyday traders and I want you to get a slice of the pie, too. That’s why I’m revealing exactly how you could make the most of this opportunity… and more.