The Top Sector We’re Watching Right Now
By
Admin
May 18, 2023
Wall Street Warrior Presents ⮕ ⮕ ⮕
Major indices approach resistance at the highs for 2023.
And while the economy's juggling some sketchy situations, there are some that predict a strong stock market. So far they're right …
Major retailers like Walmart Inc. (NYSE: WMT) and Target Corporation (NYSE: TGT) exceeded earnings due to increased spending on low-priced necessities like groceries.
Here's Walmart's data.
Below is a video with details about Target's activity …
Keep an eye on the market price.
Here's a chart of the S&P 500 ETF Trust (NYSE: SPY) …
More outrageous than Elon buying Twitter?
It's possible the price rejects new highs. But we're here to trade momentum.
And so far the momentum is bullish.
Pay attention to what's working. The biotech sector is especially hot right now.
Today's example is Enveric Biosciences Inc. (NASDAQ: ENVB) . It announced bullish data for an anxiety drug and the price already launched over 160%.
It's consolidating above $3 right now.
Take a look …
Watch for the price to push through the highs.
And understand the volatility could continue tomorrow. Keep it on the watchlist.
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