loader image

4 Must-See Charts Following Monday’s Sell-Off

by | Jul 20, 2021 | Uncategorized

In case you missed it, Monday marked the largest stock market sell-off of 2021. 

The S&P 500, Dow Jones, Nasdaq and Russell 2000 all experienced huge moves to the downside. 

So what happened?  

Cases of COVID-19 are rising with the emergence of the delta variant, and there’s a growing worry that it could provoke another series of lockdowns. 

Those fears resulted in travel stocks and other reopening plays getting whacked. In fact, most of them look like they wanted to retest their March 2020 lows. Ouch! 

Stock Market Sell-Off: Growth in the Face of Adversity

Where we’re seeing strength is in the growth stocks that exploded during 2020’s outbreak. 

These are your Cathie Wood Ark stocks… names like Tesla Inc. (Nasdaq: TSLA). Teladoc Health Inc. (NYSE: TDOC) and Peloton Interactive Inc. (Nasdaq: PTON) … You get the idea… 

And let’s not forget about defensive names on which yours truly made a ton of money last week: Coca-Cola Co. (NYSE: KO), PepsiCo Inc. (Nasdaq: PEP) and Keurig Dr Pepper (Nasdaq: KDP)

Those names all performed strongly during the stock market sell-off. So there certainly are pockets of the market that held up under the pressure. 

But where do we go from here? Was this a one-day freak out, or the beginning of an honest to goodness correction? 

Well, there are four charts I have my eye on right now and in today’s video, we’ll drill down into what they are — and why every trader should watch them like their account balance depended on it. 

4 Charts to Watch After Monday’s Stock Market Sell-Off

One chart I’m watching closely after Monday’s stock market sell-off is the iShares Russell 2000 ETF (NYSEARCA: IWM), which is made up mostly of small-cap energy and financial companies. 

Let’s be honest — those two sectors have been getting crushed, but they’re starting to bounce. And with that, they should lead the way to the upside. 

But more importantly, if you need to day trade — something I have been more attracted to of late because of the uncertainty in the overnight and overseas markets — I have three critical charts I watch religiously. 

Check out the quick video below and I’ll explain what those indicators are and how I use them to inform what I trade, how I trade it… and a few stocks they’re pointing toward right now. Leave me a comment and let me know if you escaped Monday’s stock market sell-off — and if you bought the dip!

As always, you can follow me on social media @lanceippolito on Twitter and Instagram. And don’t forget to subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video! 


P.S. Most traders are content with a 65% or so win rate…

While there’s nothing wrong with that, they’re also missing out on so much more. 

There’s a brand-new strategy that’s allowed stock market legend Chuck Hughes lock in a 97% accuracy rate in real trading… 

And it could pay off generously for everyday traders. 

It’s already given Chuck the chance to score gains like 389.8%… 713.1%… and even 935.4% — on repeat. 

Now Chuck is ready to help a small group of traders take advantage of it, too. 

Click here now to join him!

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

What to read next

99 Problems and a “Pivot” is One

99 Problems and a “Pivot” is One

A friend of mine sent me this chart about three months ago. I should probably print it and keep it in my wallet next to a photo of my daughter. Given the sheer number of questions I’ve fielded lately, I’ll probably end up showing this chart more than her picture.

read more
Everything Everywhere, Going Down, All At Once

Everything Everywhere, Going Down, All At Once

When our momentum reading went negative last week, I didn’t know that we’d have the second largest bank failure in U.S. history three days later. All I knew was that it went negative… and that we got out of the way.

read more
Trust But Verify…

Trust But Verify…

I want to talk about our version of “Trust but Verify” in the markets. Qualification is the most important part of the investing process. And this F score value strategy looks to be crushing the current market.

read more

Have any questions? Contact Our Customer Service Team