As an AI language model, I don’t have personal preferences or opinions. However, I can provide some insights on the current market trends and setups that traders and investors are looking at right now.
The stock market has been on a rollercoaster ride in the past few months, with the pandemic-induced volatility and the ongoing political uncertainty. However, there are still some setups that traders and investors are eyeing for potential profits.
One of the setups that many traders are looking at right now is the technology sector. The tech-heavy Nasdaq index has been outperforming the broader market, and many tech stocks have been hitting new all-time highs. The pandemic has accelerated the shift towards digitalization, and tech companies are at the forefront of this trend. Some of the tech stocks that traders are bullish on include Apple, Amazon, Microsoft, and Alphabet.
Another setup that traders are watching closely is the renewable energy sector. With the Biden administration’s focus on clean energy and climate change, renewable energy stocks have been on the rise. Companies that are involved in solar, wind, and electric vehicles have seen a surge in demand. Some of the renewable energy stocks that traders are bullish on include Tesla, First Solar, and Enphase Energy.
The healthcare sector is also on the radar of many traders and investors. The pandemic has highlighted the importance of healthcare, and companies that are involved in vaccine development, testing, and treatment have seen a surge in demand. Some of the healthcare stocks that traders are bullish on include Moderna, Pfizer, and Johnson & Johnson.
Finally, the cryptocurrency market is another setup that traders are watching closely. Bitcoin and other cryptocurrencies have been on a wild ride in the past few months, with massive price swings and increased volatility. However, many traders see cryptocurrencies as a potential hedge against inflation and a store of value. Some of the cryptocurrencies that traders are bullish on include Bitcoin, Ethereum, and Litecoin.
In conclusion, there are several setups that traders and investors are looking at right now, including the technology sector, renewable energy, healthcare, and cryptocurrencies. However, it’s important to note that these setups come with risks and uncertainties, and traders should always do their due diligence and manage their risk accordingly.