| | NEW MONEY CREW WEEKLY RUNDOWN Hey, traders, Lance Ippolito here. Welcome to this edition of a new weekly feature where we'll share some of our top trading ideas — and our biggest winners — from the New Money Crew! Let's begin with a cautionary tale... The Worst EV Company by a Mile, Part 2 Last week in this space I discussed how much of a fraud I believed Nikola Motors — once worth as much as $10 billion — to be. It's one of the worst electric vehicle "makers" in the world. Considering they've never made even a single truck that's on the road, I use the term "maker" loosely. The company has been touting big plans to produce zero-emissions trucks since 2016. But all it has to show for itself is an investigation into whether it committed fraud after showing one of its self-driving trucks driving itself — and by driving itself, I mean it was pushed down a hill to make it look like it was. And that brings us to this week's news that Nikola CEO Trevor Milton resigned amid a federal probe into the company's claims about its tech. Who didn't see that one coming? This all comes on the heels of General Motors (NYSE: GM) announcing an investment stake in Nikola. How did a mammoth company like GM not do its research?On September 8, Nikola Corp. (Nasdaq: NKLA) was trading at $54 a share, and it closed last week at $34.25. As of this Friday's close, it was all the way down to $19.46. There's so much smoke and mirrors on Wall Street. These underwriters want companies to have sky-high valuations and they make so much money because they also have investment stakes in them.Don't believe most of these research firms and big banks out there. It's impossible to trust Wall Street here because they upgrade stocks, they downgrade stocks — and they make billions on options while also initiating coverage on the same stocks. There's so much retail money coming in right now, just make sure when you invest in a company you think is the next big growth story, really do your research and know what you're buying. Or you might end up getting duped like GM. Ready for Some Blue-Chip Trophy Trades? What would you do with an extra $56,256 every month? That's a question I was asked via email from a trader in California who says he knows the secret to making that much every single month…And he had the receipts to back up his claim. He showed me screenshots from his E-Trade account and told me anyone can do this.And what I saw was amazing…I'm talking about $253,032 in profits in just 10 weeks… $458,319 in profits on just three positions… $254,584 in profits after just 63 days… $315,811 in profits in a matter of weeks…All told, he was over $1 million in profits this year alone. So I did some research on this guy, Chuck, and he might very well be the most interesting trader in the world. He started with just $4,600 and turned that into $460,000 in just two years, several years ago. And he's done it all with his secret trading method he calls "Trophy Trades." He hasn't worked a desk job in over three decades, and his system allows him to live out his wildest dreams.Click here to unlock our private email. Amid the Sell-Off, Will the Nasdaq Come Crashing Down?
Let's face it, we're spoiled. Over the summer, the Nasdaq was popping to record high after record high. We scored win after win and it was easy pickings. But, as Josh Martinez outlined in a video this week, the structure has begun to break down. We're experiencing a broad pullback, leaving many to wonder if support will continue to hold… or if the Nasdaq will come crashing down.Right now, we're at the bottom channel of support. And if it holds, we likely have a 2,000-tick push coming, which equates to about $10,000 with an E-mini contract, or $1,000 with a micro E-mini contract. An E-mini contract is an electronically traded futures contract that is a fraction of the value of a corresponding standard futures contract. It's traded on a wide variety of indexes, including the Nasdaq 100, which we're looking at here. Of course, if support fails, we could see a 3,000-tick drop, or losses of about $15,000. And no matter how hard we all try, no one is smart enough to predict the exact highs and lows. So instead of buying the market at a low just because it's low, Josh says to wait for it to break the angle that's been pushing it down. That's right around 11,100 to 11,150 for the Nasdaq (we closed at 10,913 Friday). If you buy early, you take on early risk. Be patient. Don't force the opportunity… It could be worth $10,000 to you. Trade PTON if You're Still Bullish For you bulls out there looking to trade a stock instead of an index like the Nasdaq, Joshua Belanger says you should keep an eye on Peloton. We're still smack in the middle of a global pandemic with no end or more stimulus in sight, and a presidential election right around the corner. The fourth quarter is no doubt going to be unpredictable.And when investors are feeling unsure, they take their money off the table, which is happening now amid the September sell-off. But there's one stay-at-home stock Josh is still bullish on Peloton Interactive Inc. (Nasdaq: PTON). Peloton has largely bucked the sell-off trend, and Josh thinks it could go to $100 soon.Signing Off If you're looking for more compelling trade ideas and stock market musings to read and help you prepare for what lies ahead, here's what other experts at WealthPress are saying:Lance Ippolito New Money Crew | | | | | A WealthPress Publication | | | | Disclaimer & Disclosures: The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
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