Tons of trading opportunities in this market - Market update 6-21-22

There's still downside in this market so trade it - don't invest in it.  Mike Wilson (analyst) thinks the S&P has 3,000 as a level vs. going back to 4,000. If you agree, $SPXU is your play. He thinks the pullback is just on P/E multiples - the recession hasn't been priced in yet.  Crypto over the weekend sank - still not a bottom IMO - but trading it may be a good idea. A new short fund tracking bitcoin is $BITI Oil - up based on tight supply. $DVN under $60 again. $FANG is way oversold  $K splitting in to 3 companies - up 12% YTD. Food shortages are coming - packaged food stocks most likely will go up.  Airlines are blaming pilot shortages for canceled flight, but this will mean higher prices.  Some MAcD cross ups that might be good trades: $ARKG $PTON $MTTR $KREF $UNH - I like this one as an investment - but this market is not currently long term investable. 

There are no comments yet.

Please log in to write the first comment.