The S&P 500 rallied 13% this week on the $2 trillion in fiscal stimulus bill. This rally came off Monday’s over 3-year low.
This is a quintessential Bull Trap. These bear rallies are typical during volatile market downturns. When the Dot-com bubble burst in the early 2000s, we experienced three 20%+ rallies that failed and continued to hit new lows.
I suspect that we will retest our Monday lows in the coming weeks. The coronavirus pandemic is still growing exponentially. A realistic timeline for business to resume as normal is non-existent.
Make sure you have a shopping list of stocks and price levels you want to buy at. Check out my most recent article My Top 10 Stock Watch List for stocks to keep an eye on. Stocks I like include (BABA - Free Report) , (SE - Free Report) , (JPM - Free Report) , and (MSFT - Free Report) .
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>