5 Stock Market Predictions for the Rest of July

by | Jul 21, 2021 | Uncategorized

If you’ve paid attention to anything I said the past week, then Monday’s stock market sell-off shouldn’t have surprised you. I mean, I told anyone who’d listen that it’d be smart for traders to get defensive and move their money into consumer staples stocks. 

I hit the nail on the head, for lack of a better phrase… 

No wonder I’ve received so many emails asking me, “Roger, do you have a crystal ball or something? 

“How did you know this would happen?!”

Well, I’m back in my office this week so I thought I’d share my screen to walk everyone through my stock market predictions for July, and outline most of the telltale signs I picked up on. I’d say we could go through all of the minor things, too… but there are so many that we’d be sitting here all day. 

Stock Market Predictions for July: What I Expect to See the Rest of the Way

The first thing I picked up on — which gave me the willies, so to speak — was how over-inflated and vulnerable the market is. 

I compared all the market caps, or the total value of all of a company’s shares of stock, of each Nasdaq 100 stock with the composite. For those of you who don’t know, Nasdaq 100 stocks are the largest, most actively traded companies listed on the Nasdaq composite index. 

I found that about 70% of Nasdaq 100 stocks were trading above their 50-day moving averages last week. And that number was 60% when I later sat down to film this video.

But it’s the full Nasdaq composite’s numbers that will blow you away… 

Only 27% of its stocks were trading above their 50-day MA! 

That’s not something a lot of traders and investors see very often, so it raised a huge red flag with me. And then… I realized the market is being driven by just a handful of large-cap stocks right now. 

And that’s not sustainable… 

So check out my short video below to get the rest of my stock market predictions for July 2021, and see how I’m planning my next move ahead. 

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! 

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WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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