3 Pullback Opportunities After Monday’s Dive

by | Jul 20, 2021 | Uncategorized

Monday’s market sell-off has opened up a lot of profit opportunities. If stocks continue to move higher, we could see a multiday bounce back. So I’ve identified three short-term pullbacks to trade the rebound — and more in today’s stock market recap.

But first…

Stock Market Recap

In the stock market recap, global markets are mostly higher after Monday’s shakeout caused by COVID-19 fears.

Even though headlines have been overshadowed by COVID-19 and inflation, it’s still earnings season. Analysts expect S&P 500 companies to report growth of nearly 70% from 2020’s second quarter. With other headlines driving the markets, we may not see much influence for earnings… Unless they’re significantly different than expected. 

The highly contagious delta variant has introduced an additional factor to the economic recoveries around the world. The variant could hinder the bounceback we were experiencing.

The put/call ratio, which gives us an overall market sentiment, is already approaching one from Monday’s sell-off. We usually see a reversal in the trend when the put/call ratio is close to bouncing back. 

The Information Technology and Consumer Discretionary sectors continue to trade apart from each other — an indication that the market is fragmented. 

Roger’s Radar: 3 Short-Term Pullbacks

Facebook Inc. (Nasdaq: FB) doesn’t need an introduction. The stock has pulled back from a recent swing high and got close to its 50-day moving average. FB has been on a solid upward trend since March and this pullback could be a great opportunity for entry — especially if COVID-19 cases continue to surge. 

The other two plays I’ve identified today are a pharmaceutical company and an athletic-inspired fashion retailer. The retailer has a market cap of only $1.4 billion and could bounce back alongside other small caps. 

In this video, you’ll discover whether stocks will drop further… whether bonds will continue rising… which sector to target this week… which indicators are working right now… and three hot pullback opportunities. 

This Strategy Works in a Volatile Market

We’re seeing another wave of COVID-19 cases, stocks are vulnerable and the Federal Reserve might change stimulus efforts this year… Disaster can strike at any time.

Like the dot-com bubble…the 2008 financial crisis… and even last year’s pandemic-induced flash crash.

What do all these events have in common? Well, at least TWO things…

First, most people lost massive chunks of their portfolios during these events…

But second, some people managed to navigate them and STILL come out on top!

Legendary trader Chuck Hughes is one of the few to financially survive these tragic events…

And by using his incredibly powerful “Trophy Trades” system, he hasn’t had a single down year in 20 years!

Chuck’s seen how market crashes can negatively impact a trader’s portfolio…

But he’s also seen how Trophy Trades can give investors a shot at THRIVING — during good years AND bad!

Learn More Here


Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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