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| The First Trading Pattern of 2021 Posted: 11 Jan 2021 09:51 AM PST It's finally happened, traders… and it only took four days in the new year to come about… Our first trade idea for 2021. We're the type of traders who like to trade a pattern until it breaks. And with the trend we're seeing now, we'll be in this trade as long as it continues to hold strong. The E-mini Russell 2000 is currently trading within an upward trending channel and just recently touched previous support lines at the top of the channel. However, there are a couple financial bets we could take depending on if you want to buy into the trade now (anticipating a u-turn) or wait until a trend-line break and then trade the u-turn. The post The First Trading Pattern of 2021 appeared first on Wealthpress.  |
| Global Stocks Fall as COVID-19 Weighs on Investor Sentiment Posted: 11 Jan 2021 06:54 AM PST Global stock markets and U.S. futures traded mostly lower this morning as the COVID-19 pandemic outweighs hopes for more economic aid. Investors and traders are optimistic that President-elect Joe Biden and the Democratic Senate will deliver more economic stimulus to struggling workers and businesses, something that could also benefit other export-driven countries like Asia. But how much will it cost us? In the meantime, the Labor Department reported Friday that employers cut 140,000 jobs in December due to worsening COVID-19 pandemic conditions. It's the first time employers have cut jobs since last April. In today's video, I have more on the current state of the U.S. stock market… why markets are overbought right now… one industry that's set to fall with the new administration taking office… and three stocks you'll want to fade.
P.S. We've all heard that buy-and-hold strategies are the surest way to make money in the stock market… But I'm here to tell you that's simply not true. In fact, one Wall Street insider just revealed the secret to making triple-digit gains on stocks like Facebook Inc. (Nasdaq: FB) and Apple Inc (Nasdaq: AAPL)… in as little as 24 hours. Stop waiting years for your investments to pay out when you can start enjoying your returns today. The post Global Stocks Fall as COVID-19 Weighs on Investor Sentiment appeared first on Wealthpress.  |
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