Shouldn’t This Crush The Bull Market?!

By Todd Gordon
August 2nd, 2023

Fitch Ratings Agency downgraded US debt today and it sent stocks sharply lower today and this key market higher through resistance. Ask me 3 months ago if this market breaking resistance would hurt stocks, specifically growth stocks, I would have told you absolutely. Now, I’m not so sure. I’ll show you a key sector that is leading the broader averages higher and two key stock setups we may take tomorrow as we may be coming into a ‘normalization’ of the markets.

Todd Gordon

Todd Gordon

Founder and Lead Analyst of Trading Analysis

Todd has been trading as a career for the last 20+ years. His goal is to not only provide insightful analysis, but to teach people how to think and grow as professional traders. Todd is a practitioner of Elliott Wave Theory and he uses it to gain an edge in the highly competitive trading arena. In addition to trading professionally, Todd has worked as an analyst and researcher at two different hedge funds. Click Here To Learn More about Todd Gordon