What Moneyvest said in this video:
- QQQbullishshort-termIf the Nasdaq 100 falls over 1% today, the host's indicator may drop below 3, which he thinks could mark the day to start deploying capital and begin the buying process, showing a bullish dip-buying tilt.Source
- Othernegative for stocksVolatility (VIX) has risen to just over 17.5, at the 45th percentile, and is putting significant downward pressure on stocks and equities.Source
- Inflationnegative for stocksshort-termIf the PPI comes in hotter than expected, investors will reprice interest rates back toward a potential rate hike, which is what sparked the sell-off and is bearish for equities.Source
- SNDKneutralThe host notes that SNDK has a support level at 1284 and 1285 that is important to watch.Source
- Market Breadthneutralshort-termThe host believes the rotation out of semiconductors and tech into staples and utilities was inevitable, but it is temporary; history shows semiconductors will outperform over the long term.Source
- SMHbullishlong-termThe host emphasizes that SMH (semiconductors) has massively outperformed utilities over the long term (two to three years); the recent underperformance is temporary and the long-term uptrend remains intact, making him bullish.Source
- OtherneutralThe host is waiting for the volatility signal from his MoneyVest Index to give the green light as a trigger to start deploying capital into the market; he remains on the sidelines until then.Source
- SOXLbullishThe host discloses he is adding to his position in SOXL while it is below $100, buying the dip in semiconductors, indicating a bullish stance.Source