There are times when everything just clicks and the bulls run wild and you can safely go long by throwing a dart at a list of big-caps.
Right now… isn’t one of those times. To say the situation is dicey is like calling the Grand Canyon a hole in the ground. Bombs are dropping in Iran and Israel; there’s a distinct possibility our bombs will start in there, too. Russia and Ukraine are doing what they’ve been doing for the past three years.
On the market front, we’ve got sticky inflation that’s threatening to metastasize into full-blown stagflation - copper and gold are telling the tale there.
And we have a Federal Reserve chair who’s been completely overtaken and painted into a corner but pretty hawkish at the same time.
So… without flogging a dead horse, this is the time to look for the top defensive plays. Tonight I’ll show you some price patterns I think point the way to some great setups.
Let’s dive in…