Profiting in this type of choppy market is a challenging endeavor. This is why one of the best opportunities is to look for a steady business. A company that isn’t likely to have the huge volatility swings we’ve been seeing as of late.
I’m looking for companies that have a regular flow of sales in any type of market.
The market ended up closing on the 4567 support level in the S&P 500 that I mentioned yesterday. The RSI is also appearing to be at the bottom of our range, which means there’s plenty of fear in the market.
Is this the bottom? It certainly could be, but it’s not so clear-cut as we saw back in October when the market also hit oversold conditions.
This is why today I’d like to make a bullish play but on a company that has a proven steady business model.
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