Strongest sectors... and best stocks right now

Plus, Don Yocham warns of changing winds for US Stock markets… [image] Instead of worrying about whether we are or are not in a recession, this iconic trader is concerned with how long will it take… For a recession to become a DEPRESSION[→ Click To Get The Details — Including What He's Doing About It! ←]( [image] [image]( - Strongest sectors… and best stocks right now! - Biggest earnings surprises this week… - Key levels on the Dow… will we reach the these important milestones? [Click Here To Watch Now!]() [image] My pivot number today on the ES (S&P 500 futures) is 3805. Resistance is up at 3845 and support at 3775. Yesterday the ES finished on the high side of the daily range, going up to 3822. If the ES breaks down below support of 3775 then my next number down will be 3745. We are seeing what I call the beginning of the tape painting stage and we’re going to have a special report focused on the midterms to be released later this week. [Click here for today's 90-second TBUZ TV episode.]( [Get today's Pre-Market Planner Numbers here.](=) ~ TBUZ [image] [image] Understanding a predictable path of volatility gives traders an edge. In the chart above, Box 1 represents Friday’s close on a 30-minute S&P futures chart. Box 2 is Sunday night’s open. Box 3 gives Europe’s perspective. Box 4 and 5 show the early US adjustment while Box 6 shows the sentiment at Monday’s close. The short-term path points upward. But it will be volatile. KMB (Kimberly Clark) hit my scan yesterday and had positive earnings reactions this morning. [image] [image]() The winds have shifted on U.S. stock markets. The tailwinds that took the S&P 500 to its second highest price-to-earnings multiple in 150 years have turned into headwinds. Tighter money means less consumption and negative earnings growth. Higher interest rates mean every dollar of future earnings is worth less today. And less price stability resulting from high inflation makes the real value of those earnings less certain. These tailwinds alone would be enough to put equities in a deep bear market. Add in unprecedented geopolitical turmoil and that same bear market easily pencils out into full blown collapse. [But you don’t have to panic (click to read more)…]() [image] Kind words from our best students: "I just made over 4x the cost of 1yr membership with today's pick." — Dickens C., a premium subscriber to Don Yocham's [The Daily Pick]() RISK DISCLAIMER There is a very high degree of risk involved in trading. InvestPub and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. [Unsubscribe]( DTI Trader 1555 University Blvd S Mobile, Alabama 36609 United States (251) 652-1555