Rabu, 01 Juni 2022

Fed Backing Away From Aggressive Rate Hikes?

Plus → Two Top Stocks For Wednesday…
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This sector keeps trending higherWhich industry I'm targeting right nowIs volatility is set to rise or fall?Is the FED ready to back down on rate hikes?Plus two actionable trades for today: One consumer staple you should ownOne Chinese tech stock you should sell Click here to watch now

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Today is day one of the first three days of June.

We're using 4145 as our pivot number today on the ES (S&P futures).

The market overnight tried to go down some but not much and tried to go up some but not much.

As of publishing time, the ES is trading around 4150.

Crude oil found a bottom and is currently trying to rally. Above 117.11 should be bullish for the day on crude.

Hold on until we can build June's frame via the 3-day algo.

~ TBUZ

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Watch for popular fertilizer company Mosaic (MOS) to stay above its 50-day moving average with stability in the $64.60 area.

Targets are in the $70.60 and $77.60 area with stops in the $55.60 area. Could be capturing a nice pullback.

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