It’s getting more and more difficult to trade in this market. There’s a lot of uncertainty with rising inflation and COVID-19 cases pressuring governments to reimplement pandemic restrictions. Nonetheless, I’ve found two opportunities with upside potential — and more in today’s stock market recap.
Stock Market Recap
In today’s stock market recap, global stocks are mixed as lockdown fears and positive economic data move markets.
Countries like China and Australia are again restricting air travel. These restrictions hit the Energy sector hard in 2020, and that’s why we’re seeing a downward move in those stocks. Gold prices have also fallen while Bitcoin is rising as we see a situation in Asia similar to the start of the pandemic. Investors are worried that, like in 2020, pandemic-related troubles that started in China will again trickle out to the rest of the world.
Analysts still believe the U.S. economy will continue growing, although slower, despite the COVID-19 resurgence. The Consumer Price Index report for July is scheduled for Wednesday. Rising COVID-19 cases could further complicate a healing U.S. economy with inflationary worries.
Roger’s Radar: 1 Stock and 1 REIT With Upside Potential
Cars continue to be in huge demand right now because of supply chain shortages. Advance Auto Parts Inc. (NYSE: AAP) has been on a tear since February when it was trading around $150. The stock is now at $212 and has pulled back to its 50-day moving average. The relative strength index is showing the stock is not overbought, and this could be a great entry point.
The REIT I’ve identified for today primarily operates properties with national and regional retail leases. This REIT will benefit if our economy continues to heat up.
In today’s video, you’ll discover the support level for the gold and crude oil markets… a major resistance level for Bitcoin… this week’s major inflationary data from the Federal Reserve… the most likely short-term trading action for stocks… and two hot names pulling back right now.
One former hedge funder is pulling back the curtain on a new strategy that only requires a trader’s attention right before the stock market closes.
Every single day, right around 3 p.m. EDT, a market anomaly forces Wall Street to start bleeding cash… giving everyday traders the opportunity to make consistent returns — overnight!
This 3 o’clock “Burn Window,” as Joy of the Trade’s Jeff Zananiri calls it, allows anyone to buy low and sell high just 18 hours later. In fact, Jeff has already used this strategy to bag dozens of overnight winners for his readers.
And now he’s getting ready to reveal exactly why these massive profit opportunities happen — and how anyone can start taking advantage of them right away.
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.