Week of: 11/01/21 – 11/05/21
In this week’s video, I’ll introduce my World Wealth Gauge and show you which indicators I use to forecast the market.
There’s been some weakness in US oil due to it being oversold and overbought.
For my latest pick, I’m expecting to see more weakness by the end of the year, which will impact the XLE energy ETF.
I believe prices on the XLE could go down about 6% to $54, so you could potentially take advantage by shorting the stock or buying puts.
On the currency side, I’ve spotted a solid sell opportunity on the EURAUD.
I’ve set a 1.57 – 1.5425 profit level that would let us target about 225 pips.
Check out this week’s top picks video for strategy details.
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