If Monday’s market sell-off took you by surprise, then you haven’t been paying attention.
I mean, I’ve been hinting at it for a while now…
But now, we’re finally there and the real question is where do we go from here?
Well, there are a number of things I want to point out in this stock market update for fall 2021 that’ll give us a good idea of where we’re currently at.
So let’s take a look under the hood and see what’s going on…
My Stock Market Update for Fall 2021 and 2 Names I’m Liking
It’s still too early to think we’re completely out of the “danger zone,” but things are moving in the right direction Tuesday.
If you saw this video last week, then you know I have a close eye on the Consumer Discretionary sector. In fact, I’ve been looking for a potential breakout.
The Consumer Discretionary Select Sector SPDR Fund (NYSEArca: XLY) is trading below its 50-day moving average, but is starting to edge up. And as soon as it’s back to that 50-day MA, it’s going to go from being neutral to bullish again.
And it looks like it’s going to get there sooner rather than later…
That’s why I wanted to give you guys some brand-new trade ideas in this stock market update for fall 2021, and reinforce that this isn’t the beginning of something bad.
The market just needed to correct itself a little bit, shake out the weak hands and then move into a bullish trend.
We will see a lot of volatility in October, but I also don’t believe we’re there just yet…
So check out my short stock market update for fall 2021 below!
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
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