1. Meandering market
When people ask me what I do every day as a trader, the answer is often “nothing.” That’s because a lot of the time the market is meandering sideways, attempting to figure out a new direction. In those times, almost every trade is just a guess. Right now is one of those times.
2. Watch Campbell Soup (CPB)...
Sometimes certain stocks will give you an indication of future market direction. If Campbell Soup (CPB) is a bellwether, bet on the bears taking charge.
3. ...and the financial sector
If the economy is strong, financials do well. Period. Morgan Stanley (MS) and others aren’t doing that well.
Back next week to wonder, why hockey is still being played well after spring has started?
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