I filmed a short video before the opening bell explaining whether Monday’s shake out is sustainable or just a tiny blip.
I covered things like: what’s going on with the market, whether we should be concerned or not, and what to expect… Basically I talked all about how to trade Monday’s sell-off.
But a lot of traders and investors are still not only worried, but also looking for directions on how to handle this market action — and what stocks to trade.
Dip buys, anyone?
I’ll tell you now, this is no time to panic…
Now that we’re later into the day, I wanted to update my viewers on how to trade Monday’s sell-off again because there’s volatility and other factors we must consider…
How to Trade Monday’s Sell-off and 5 Names to Target
The biggest factor we want to pay attention to at the moment is volatility, and it looks like its overall trend is already going down.
So how I’d trade Monday’s sell-off is by looking at market breadth.
If you’re not familiar with that term, it’s the amount of stocks participating in a given move in an index or stock exchange.
Let’s say the index we’re looking at is trading higher, but over half of the stocks in it are falling. Well, the index we’re looking at might only be rising because a few names have such large gains that they sway the entire thing.
That’s what market breadth is!
It can ultimately warn traders if most stocks in a certain index aren’t actually performing well.
And if you look at the number of stocks making 90-day highs versus 90-day lows, you’ll notice there are 206 tickers making 90-day highs, which means the market currently favors the sell side.
Now, there are only 206 stocks making 90-day lows. It’s not like we have 500 or 1,000 stocks breaking down, which isn’t too significant.
But there’s also something else…
So check out my short video below to see how to trade Monday’s market sell-off.
And be sure to stick around until the very end because I’m giving away the five-strongest stocks everyone will want to add to their portfolios or watchlists ASAP!
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
P.S. Every week, millions of traders both on and off Wall Street grind it out Monday through Friday…
But what they don’t know is that there are hundreds and even thousands of dollars in easy profits up for grabs every single weekend.
Anyone who knows what to look for on Friday afternoon can place a simple trade just before the market closes…
And wake up the very next Monday morning with gains like 95% on UAA… 486% on BIIB… and even 610% on CRSR.
For the first time ever, New Money Crew Head Trader Lance Ippolito is revealing this rinse-and-repeat strategy that anyone with a cell phone and brokerage account can use.