2 New Opportunities Hitting Today
Welcome back to the Rude Awakening for Tuesday, March 30, 2021.
Weakness continues to rule the markets, with the Nasdaq and tech stocks especially continuing to fall off.
However, we are still above the 50day MA in the S&P, still showing bullish indicators, despite the weakness.
If you look at our thirteen indicators, you can see that all of our indicators are showing buy signals.
The Nasdaq is a different story, as it is now below the 50day MA and showing some bearish divergence.
There are some opportunities we have found today amidst this volatility…
Diamonds in the Rough Market Activity
The first one we have for you, surprising as it is, is the retail stock Macy’s (M).
Macy’s has had a pretty good run as of late, with earnings results and its price. Some buy signals are starting to form here, and we believe the $14.50 level is a good spot to enter M.
To find out a simple way to set yourself up to do this, get it at a discount, and get some capital in the meantime…
Another interesting play developing today is on PayPal Holdings, Inc. (PYPL).
Again, to find out more about what we mean, watch today’s video.
Have a great trading day, folks.
We’ll talk again tomorrow.
Editor, Rude Awakening