When you see markets mixed as often as we have lately it is a clear sign that markets are coiling up for their next move. With the NASDAQ, often trading with the ETF QQQ, heavily loaded with tech stocks, the DOW, traded with ETFs like DIA, stacked with Energy and big corps and the S&P or SPY ETF, filled with a wider collection of companies each represents a corner of the market.
Lately the news will let you know that some of the big indexes were up some were down on the same day. That tells you each of these corners are pulling in different directions on the same day and the broader market is looking for a clear direction to move.
And it is no surprise this is what we are seeing. Keith Harwood pointed out that with a Fed announcement coming, a wave of earnings this week and an election that has more people tuned in than ever before, there are a lot of drivers with a lot of horsepower all tugging at the market.
Keith sorted through this with us in a quick video chat and shined a spot light on a couple plays and stocks that are really smart opportunities as we watch this all shake out . Check it out:
Keith does this regularly for his readers in his Outlier Watchlist where he guides trades to often overlooked tradable set ups. If you haven’t already, be sure to get signed up for his alerts.
Keep learning and trade wisely,
John Boyer
Editor
Market Wealth Daily
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