All right welcome back everyone., It is prediction time., So I am lead trader with StocksToTrade Tim Bohen. Check out StocksToTrade Advisory. The link is below., I'm live every single day. And the reason I mention that is, you can fact check me on my opinions..

So quick bio, maybe you're new to the channel, maybe you're not. I've been actively involved in the markets every single day for 15 years now.. You know I was always interested in the markets even before that.. I tell a story a lot about actually, and this is no BS.

I remember looking at the newspaper, the tickers in fourth grade. And I distinctly remember that, because we moved after fourth grade., We moved out to the farm which actually ties into one of the points. Predictions I'm gon na make., But you know this is listen. This is like 1984., So dad would bring home the newspaper..

I was always look into tickers.. Always interested. Ended up starting a business right out of high school., Very successful business.. Still around today.

Sold out. Went full time. Now this is my focus, and I make that point because I have been immersed every single day., Not a single day off in 15 years of looking at the news interpreting the news making predictions and making trades based on That news., So that being said, just a quick bio out of the way. Let's talk about what I think are gon na be the biggest themes.

Hot sectors. Overall macroeconomic ideas, as we head into the summer and fall., I'm recording on June, 2nd right now. And a lot of you know, let's start out with the S & P 500.. So a lot of people want to know that..

I think that it is very healthy that we have reclaimed that 400 level aka the 4,000 level. On the S & P.. I like the SPY, it's the ETF that tracks the S & P. So I might less time hearing me say 420, but it's basically 4,200 on the S & P 500., But as a key reclaim level..

So things were shaky and you remember I did a video back. Probably well. Maybe you remember, maybe you don't. Maybe you saw it.

Maybe you didn't., But I think it would've been probably right about here when we pulled back., Probably April-ish and we broke and we broke hard. Now I said that if you know the prediction back then was, I said: `` Listen. If 420 breaks it's gon na get ugly, okay ?'', I hoped I was optimistic that that level would hold but it broke, and you can see it got ugly.. We went all the way down to 380's..

I mean multi-year lows., But at the end of the day you know the news fall was terrible. And again, if you were on StocksToTrade Advisory, I remember a couple weeks ago and people were like `` Tim. Do you think the bottom is in ?'' And I'm like `` Man? I don't know yet. Like gim me anything positive, okay, ?'' Gas prices, war, monkeypox outbreak., I mean you know the COVID is still around..

I mean all of these terrible, terrible, terrible news. You know, Unfortunately, you know again some of these. You know mass shootings.. I mean just a lot of negative news out there.

And remember that stock market is driven by emotion. So anyway and key levels and technical levels., And so when 420 break I mean we got ugly.. So let me zoom back into the two month and get back to the prediction on what I think on the S & P 500 is.. I think now that we have reclaimed that 400 level.

We need still need some positive news. Again there ain't nothing good out. There. I keep digging and keep struggling to find it., But once we get back over that 420 level, then I think we're going to really see a reclaim and a bullish move above that..

Now it is dependent on news and we just keep hoping you know - And I know hope, isn't a strategy but right now that's what we got. So 420 level.. I think we get back bullish. Bitcoin.

Right now. You know that Bitcoin is holding and basing at that 30,000 level, and I think that is that key level. Really 30,000 is the new what I would call kind of the new 20,000. Okay, If you remember Bitcoin had tons and tons of resistance..

Let me jump back a little bit to that area. So that big resistance level at 27,000 going back really to 2017, and then we retested in'19 and then it finally broke basically in 2020 and now we're basing back at that next whole dollar: half dollar area.. So I think of it a lot like a $ 2 stock, a $ 20 stock., So we're basing in that. Let me go to a one.

Week. We've been basing at that 30,000 level.. You can see it held back a year, ago. Struggling to hold right now..

So things look good like we can bounce off that 30,000 level., So prediction number one is: we will reclaim 420 on the S & P 500. 4200 on the Index. And we will hold 30,000 on Bitcoin and continue grinding higher. Okay..

Those are the two positive predictions.. Let's get to some negative ones. Oil, okay - And you know I said this. If you were on StocksToTrade Advisory going back to last fall., I mean I remember September October, and I was like `` Give me a reason: oil and gas is not going higher.''.

It was like it was kind of my thing for a couple weeks. That was like right, here.. Now, I'm looking at the USO, the oil and gas fund., I mean it's basically doubled since then.. So, and this is kind of my anti-mainstream media rant..

I get into these a lot., But I can't believe that it was like a month ago. All the news flow was that okay, the Ukraine, oil and gas situation is fixed., It's over. And I'm like ``. Oh my gosh ,'', you know And again this is, I guess you could call this negative or positive, but I'm telling you we're in like in inning two or three of this gas and this energy story.

It's gon na get so much worse. And now listen. You can trade, oil and gas stocks. Exxon Mobil's been an incredible runner..

We got the trashy oil and gas stocks coming back. IMPP a decent mover today, trying to break out.. I mean this thing's been a runner.. We have a whole list of trashy oil and gas.

Stocks. I mean you can see. This thing was up. You know basically 50 %, the other day., So oil and gas is going so much higher..

Now, how do you offset that? I mean something. I talk about trade, these oil and gas stocks, whether you day, trade or swing trade'em a lot. But reduce your cost find a way to modify your commute. You'll increase the energy efficiency of your house., But I hate to be you know, and you guys know I Try and stay positive but mark my words June, 2nd 2022.

I can see oil and gas doubling again this year and it's gon na be an ugly summer and a doubly ugly winter.. I mean I look at my. Last winter. You know my electric bill, my heating bill.

They doubled last winter. Doubled last winter.. I don't know. If you've looked at your bill., I mean, I think, that's one of the reason they want you to have everything on auto pay..

I told this story on StocksToTrade Advisory.. I got like the email - this was back in, I think, like January or February., And I'm like, I see the amount and I'm like I asked the wife I'm like ``. Did you like shut off the auto pay on the electric bill ?'' And she's like `` No.'''Cause? I thought it was like two months worth., So I log in and oh no sure enough, auto pays on one month for what was two months. You know a year and a half ago, two years ago, okay, Electricity exploding higher oil exploding, higher.

Learn how to day trade to combat this. Because again I don't know if we fully double but we're going exponentially. Higher. Next thing is food prices, particularly grain..

I talked about teasing the whole farm thing.. Many of you know I'm in rural Michigan., I'm close friends with some big farmers.. 3500 acres, 4000 acres. 2000 acres..

I mean a lot of acreage. Okay For family farms. Okay, These are family farms. These are, you might be out there: chuckling ha ha, 4,000 acres., But again, family farm., One husband and wife, and a couple sons and a daughter.

It's a lot of acres.. Anyway. There are input costs, particularly fertilizer are exploding. And if you think your grocery bill is high in June, wait till we get to the point where all of those input costs cost of goods sold.

Okay, I mean obviously I'm assuming you understand. Farming. You got ta buy seed., You got ta buy fertilizer., You got ta, buy fuel, okay, Think of all of those things. Fertilizer prices exploding, seed prices, exploding, fuel prices, exploding, machinery, prices, exploding., That's gon, na filter through to your grocery bill.

Okay, I don't care what you eat: okay, Corn, soybeans, wheat, okay, Vegetables. All of this stuff., whether you're eating whether you're vegan, okay, It's gon na affect ya.. They also go into feed stocks.. So if you're carnivore like I am it's gon na go into the price of the beef, the pork, the chicken, the fish et cetera., So again, there are several.

We've got a lot of these real stocks. Like Mosaic, you know, We've got Monsanto. You know A lot of these big real stocks that I expect to explode. Higher.

We've got penny stocks like the AGRI's., The Seeds.. The AGRI basically went from two to six bucks. A month ago. So ago, went from $ 1.30 to $ 3.30 in a matter of days.

Saw SEED, very sketchy stock that has ran in the past.. So there's a lot of trades. You can make there and that's again, I'm gon na say: try and combat the higher food bill by trading those ag stocks.. So there's the two positives.

I think the S & P is going higher.. I think that Bitcoin is gon na base and slowly grind higher. And then the two other predictions are. I guess you could take'em pro or con..

I think it's a negative'cause. It affects day to day and it affects inflation and it.. You know again, one of the biggest things that concerns me about oil and gas prices and food prices.. I mean that really hurts the people that are barely getting by.

You know The lower middle class, the lower classes, people that are working, two jobs just to put food on the table and all of a sudden, your food prices double and your commute prices. All of a sudden you're spending, half your paycheck just to get to those two jobs., It's a bummer., We'll fix it., We'll figure it out.. It bums me out that we went from because energy translates to everything.. It bums me out that we went from energy independence.

Just a blink of an eye ago to now, like I said, inning one or two, maybe inning three of the oil and gas run. So draw me a comment.. What do you think Agree? Disagree. You think that the S & P the overall stock market's going higher.

You think Bitcoin's going higher, Do you think oil and gas is going exponentially higher? Do you think your food bill's going exponentially higher? Let me know if you agree or disagree and most importantly get on StocksToTrade Advisory., We'll see.. You know I'm not afraid to be wrong and we'll trade accordingly., And you can test my theories by seeing the read every single day. Have a great day.