What to Buy and Sell Going into a Bullish February
Shah Gilani|January 27, 2023
A wave of optimism pushed along by a higher-than-expected GDP report and a lower-than-expected number of initial jobless claims is sending markets well above the resistance level I was watching at 4000-4016. We could be seeing a lot of money coming in off the sidelines going into February, especially because we pretty much know what to expect from the Fed’s meeting next Wednesday.
The reason why we know that is because Nick Timiraos, the Wall Street Journal’s “Fed Whisperer,” put an article out on Sunday telling us what’s going to happen. And it’s not idle speculation – in fact, whenever he’s reported on the Fed’s next move, he’s never been wrong.
On my live show this week, I dig a bit deeper into why I think we’ve got good reason to expect a bullish trend in February and review six of your favorite stocks for Buy This, Not That. You might be surprised by at least one of the “buys” – I’ve been harsh on this ticker before, but down where they are right now, it’s looking pretty good to me.
To see the broadcast, just click the image below:
We’ll catch you next week with another episode. See you then!