In this Daily Editorial, we are joined by TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website. Despite a weekend of tense geopolitical news involving the U.S. and Iran, the markets have shown remarkable resilience. TG breaks down the technical reasons why the current price action reminds him of past “tariff tantrums”.
Key discussion points include:
- Market Resilience and Geopolitical Noise: An analysis of why the markets are seemingly shrugging off tensions in the Strait of Hormuz and what the “ceasefire” news means for near-term price action.
- The Return of Speculative Assets: Why the bottoms may be in for high-risk sectors like crypto and cannabis, and the specific signals indicating that speculative money is ready to move back in.
- Big Tech and Growth Sector Analysis: A deep dive into the “Magnificent Seven” and why individual names like Microsoft and Amazon are providing better setups than the broader indices.
- Breadth and Technical Indicators: Understanding the significance of 20-day and 50-day moving average breath and how positive divergences are signaling an internal market recovery.
- The Pullback Strategy: TG outlines his expectations for a “hard pullback” to shake out weak hands and why he views any dip toward key support levels as a primary buying opportunity.
Stocks & ETFs Mentioned: $SPX, $RSP, $BITO, $MSTR, $MSOS, $MJ, $NTLA, $PRME, $MAGS, $FNGU, $MSFT, $AMZN, $GOOG.
Click here to visit the Profit Pilot YouTube page – https://www.youtube.com/@Profit-Pilot
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