At the time I am writing this article, the stock market is under pressure trying to digest yesterday's federal reserve rate hike and Janet Yellen's more hawkish than expected language.
What we are actually experiencing is a re-balancing of the market as it attempts to price in recent news, and this means opportunity.
If you have taken advantage of my most recent stock picks which I posted to my website TradersChoice.net you should have by now closed the call side of the straddle riding the puts lower.
I believe once the market digests the recent federal reserve monetary policy moves, we are going to see cash once again make its way back into the tech sector.
The re-balancing of the market could obviously take several trading days or longer, but I want us all to be ready to pounce on opportunities.
With regard to the market, the other place where I believe there is going to be opportunity is in the energy sector which is been under a lot of pressure as of late, and you can keep track of action in the energy sector by following ticker XLE.
The bottom line is this.
The re-balancing in the stock market is going to present us all with a major opportunities to make a lot of cash, so let's continue to watch the market action.
I will post new stock picks to my website as I see opportunities arise.
Here is a link to my website, where I post my most recent stock picks. Click here: https://www.traderschoice.net/money-page--stock-picks.html
Gregory Mannarino
