When the stock market experiences a major sell-off, it typically doesn’t happen during the beginning of earnings seasons like it’s doing right now…
There’s also not a major catalyst on Wall Street causing stocks to go lower at the moment.
I mean, most things are already priced in… We don’t have a new COVID-19 variant besides omicron, the Federal Reserve isn’t making any drastic changes or actions, and most of all, things look stable.
I know I’ve been giving you guys my top finds lately, but because the major indices started the week down, I thought I’d give you a stock market update for the end of January 2022… It should help calm everyone’s nerves, too.
My Stock Market Update for the End of January 2022
My stock market update for the end of January 2022 will show you that bond prices and consumer discretionary stocks tend to move together.
Here’s a chart of the Consumer Discretionary Select Sector SPDR Fund (NYSEArca: XLY):
The sell-off we’re currently witnessing in the XLY is also happening in the bond market.
It looks like Consumer Discretionary is way oversold and coming down to the bottom to shake out. But based on the chart above, it looks like the sector could also go higher.
And if that’s the case, we should see higher prices from retail and tech stocks over the next several days.
From where I’m sitting, this looks like a big shake out…
So if I were you, I’d get ready to move in and start taking positions instead of looking to bail out of the market.
This is a buyer’s market, folks.
Check out my short stock market update for the end of January 2022 below to hear all of the other important things I have to say.
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. What if I said there was a way to outperform the S&P 500?
By trading the SPY the way I do, we’ve been able to generate an overall 134.48% return since October, all from moves in the S&P 500!
I’ve kept this secret trading tactic under wraps for close to two years…
But recently, I’ve seen way too many traders make the mistake of “buy and hold the SPY,” so I decided that now is the time to share it.
I put together a training session to show everyone how we use it to outperform the S&P 500, and included my No. 1 sector play for the next six months…