This Week's Stock Ideas

Monday, September 9, 2024

Good morning everyone, and welcome to all new members who recently joined.

Last week was wild as markets pulled back hard and closed right at support. We have been warning for several weeks that the market internals were not ideal and that a reversal could occur. Now that we are at support, we expect a bounce off these current levels, providing buyers step back in. Otherwise, we could see the S&P 500 test the $5,270 level, which is approximately 2.5% below Friday’s close. Stay sharp and look to book quicker profits when they present themselves.

Check out this week’s trade ideas.

Last week’s sector performance