There is one sector that is getting my attention here and that is the rare earth sector. The flagship is MP materials. I am watching closely looking for an entry. We may sweep the recent lows, which if it happens I will be looking for an entry. See attached chart.

The lows at 52.50 if taken out i would not expect the stock to re enter that green box. So sweep the lows then look for a buy around 51.00 is my current preference. With EVs and other alternative energy companies set to see more interest as oil prices rise, tickers like MP (which controls 10% of the worlds rare earth supply) stand to benefit.

 In general I expect market averages to be choppy to lower for several more weeks. Be patient.

Thanks,

Joe

P.S.–If you missed it, the big sale on the indicator I lean on heavily is still on for a bit longer. Be sure to grab it and pick up the savings. Here’s the link.