Wacky Week on Wall Street, Here’s a Hidden Trade - InvestingChannel

Wacky Week on Wall Street, Here’s a Hidden Trade

“Innovation distinguishes between a leader and a follower.” ~ Steve Jobs

Dear Trader,

Welcome to today’s edition of Wall Street Connected.

It was a wacky week on Wall Street, with volatility both increasing and decreasing by as much as 24%.

Many uncertainties and restrictions on some of the most volatile stocks in the market were seen by traders and investors, and they caught many individuals off guard.

Some of these stocks included Gamestop (GME), American Entertainment (AMC), and Koss Corp (KOSS).

Through the volatility which traders and investors were faced with, one sector actually saw an increase in sentiment from buyers.

Stock Market Alert: Move your money in early 2021 (sponsored).

With commodities such as gold and silver often being referred to as safe havens, the precious metal sector quickly became a go-to for traders and investors as a sector which typically is not prone to volatile swings during times when individual equities are.

The precious metals sector is ranking #8 on top sectors searched by financial professionals through this past week..

Precious metal stocks and ETFs often go under-the-radar of newer traders and investors, and they aren’t typically prone to large swings which high-beta equities are.

This leads to receiving a lack of attention by many traders and investors, when oftentimes, precious metal trades can be the safest trades to be in during times of increased volatility in the general stock market.

Precious metal securities which increased in price-per-share while overall markets decreased in price-per-share this past week include but are not limited to Barrick Gold (GOLD), Pan American Silver (PAAS), and the iShares Silver Trust (SLV).

TrackStarIQ Data

Here are some highlights from FA searches this past week…

RANKTOP INDUSTRY (EQUITIES) BY FAs (Total Traffic) – This Past WeekTOP INDUSTRY (EQUITIES) BY FAs (Surging Traffic) – This Past Week TOP SECTORS/CATEGORIES (ETFs) BY FAs (Total Traffic) – This Past WeekTOP SECTORS/CATEGORIES (ETFs) BY FAs (Surging Traffic) – This Past Week
1BiotechnologyWater supplyEquity – Large Cap Growth EquitiesEquity – Mid Cap Growth Equities
2Specialty RetailVideo-tape rentalEquity – Leveraged EquitiesBond – Corporate Bonds
3EntertainmentAgricultural ChemicalsEquity – Technology EquitiesBond – Preferred Stock/Convertible Bonds
4Communication EquipmentAnalytical instrumentsEquity – All Cap EquitiesEquity – Volatility Hedged Equity
5Software – InfrastructureMotorcycles, bicycles, and partsEquity – Alternative Energy EquitiesBond – National Munis
6Drug Manufacturers – Specialty & GenericToilet preparationsEquity – Health & Biotech EquitiesEquity – Small Cap Value Equities
7Diagnostics & ResearchWholesale-Motor Vehicles & Motor Vehicle Parts & SuppliesVolatility – Leveraged VolatilityBond – Emerging Markets Bonds
8Auto ManufacturersLighting equipment, miscCommodity – Precious MetalsReal Estate – Leveraged Real Estate
9Software – ApplicationFinance LessorsEquity – Small Cap Growth EquitiesEquity – Emerging Markets Equities
10Consumer ElectronicsTelephone and telegraph apparatusEquity – MaterialsEquity – Consumer Staples Equities
11SemiconductorsLife insuranceEquity – Consumer Discretionary EquitiesEquity – Inverse Equities
12Internet Content & InformationApparel StoresVolatility – VolatilityEquity – Financials Equities
13Apparel RetailMiscellaneous general merchandiseEquity – Asia Pacific EquitiesEquity – MLPs
14Medical DevicesMens footwear, except athleticEquity – Energy EquitiesEquity – Water Equities
15Apparel ManufacturingAmerican Depositary ReceiptsEquity – Large Cap Blend EquitiesEquity – Consumer Discretionary Equities
16Aerospace & DefenseMiscellaneous Products of Petroleum & CoalEquity – Global EquitiesEquity – Transportation Equities
17Specialty ChemicalsPetroleum products, miscEquity – Small Cap Blend EquitiesVolatility – Leveraged Volatility
18Credit ServicesTrucking, except localEquity – China EquitiesVolatility – Volatility
19Internet RetailServices-HospitalsEquity – Industrials EquitiesEquity – Large Cap Growth Equities
20Electrical Equipment & PartsFootwearBond – Government BondsEquity – Health & Biotech Equities

What We’re Reading:

  1. The week in review, declining participation
  2. Small cap expands operations to east coast
  3. COVID-19 test results and vaccinations

What We’re Watching:

Freeport Mcmoran (FCX) was another precious metal based trade which made a quiet bullish move in a market which caught many traders and investors off guard this past week.

In addition to being part of a stable sector, there was a technical component involved as well.

And it could be in play next week as well…

Details in this video.

What We’re Liking (Sponsored):

-InvestingChannel

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