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The put/call ratio is a good sentiment indicator that tells us whether traders are bullish or bearish. Right now, the ratio is stretched out to the put side. This indicates more potential upside in the stock market. I've identified four great pullback stocks to trade this sentiment.
Jobless claims hit a new pandemic low this week, but the Philadelphia Federal Reserve Manufacturing Index missed the consensus by a wide margin.
I expect interest rates will start climbing toward the end of the summer. Until then, the stock market will continue being choppy and without strong directional bias.
I've ranked the stock indexes from strongest to weakest on relative strength.
In this video, I'll go over which index is recovering and which one is breaking down… the value of using the put/call ratio… the biggest Fed reports of the week and what they mean for the economy… and four pullback opportunities in major sectors.
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| Get in on These 4 Plays | *clicking these links will automatically subscribe you to Roger's Radar emails | | | Jeff Zananiri: Why
Bitcoin Will Continue
to Fall in 2021
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| WOOF! There was absolute crypto carnage this past week on Wall Street. Coinbase's brief online outage Wednesday morning — due to the major crypto sell-off that began last week — may have been the nail in the coffin for this frenzy.
And now, Bitcoin has erased all its gains that came when Tesla announced it bought $1.5 billion worth of the cryptocurrency and would accept it as a form of payment for its cars.
All within a matter of weeks.
The news got WealthPress Senior Strategist Roger Scott and I talking… and we ended up compiling a list of the reasons why Bitcoin will keep falling in 2021.
| | Get the List Here | *clicking these links will automatically subscribe you to Joy of the Trade emails
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 | How to Profit From Rising Inflation in 2021
| May 12, 2021
| Large-cap tech doesn't like the inflation coming our way. Heck, it's already here! There are no ifs, ands or buts about that.
Continue Reading
| |  | The Commodities Sector Will Nosedive in May. Avoid These Stocks
| May 17, 2021
| We saw a heavy amount of bearishnish in the stock market this past week, and some deep selling in a lot of the names that have been getting crushed.
Continue Reading
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