GameStop Goes NFT as Crypto Leads Commodities Into Catastrophe

 
January 12, 2022
 
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GameStop Goes NFT as Crypto Leads Commodities Into Catastrophe
It's been a rough week — to put it mildly — but it's nothing we didn't see coming a mile away. We already warned you the economy would take a downturn. But if you didn't believe my charts, maybe you'll believe this indicator...

Bitcoin is pointing to disinflation. And, yes, for the billionth time, Bitcoin is a commodity. But first — speaking of the crypto space — let's go back to one of the hottest names of 2020…

After much speculation, everyone's favorite meme stonk, GameStop, finally announced it is launching an NFT marketplace and getting into the crypto space. Shares soared 25% briefly before coming back down a little closer to earth, but…
What Does It Mean for Us?
 
4 Under the Radar Communication Stocks to Trade in Q1 2022
It might not seem like it when the VIX is relatively flat, but these are crazy, volatile markets.
 
As noted in the Blitz Daily, last week saw another nasty sell-off for tech...
 
That was mostly bad news for our most recent watchlist, but the Fubo puts prevented a shutout. The Jan 14 $20 strike puts are up about 35%.
 
An ongoing trend since the end of November is we'll have a stock that looks fantastic, like an Nvidia or AMD…

Then maybe it has a day to see some continuation before it drops in the mud and gets stuck for the next several trading sessions...
 
And then traders holding those positions are left guessing whether to hold, take a stop loss or turn it into a call spread.
 
As someone who's trading every day — day and swing trading short-term options — these whipsaw markets can be downright confusing.
 
If that sounds like you, there's no reason to worry… Because my friends Jeff and Roger and I aren't about to let you sweat out 2022 on your own…
 
And while we're at it, I have four communications stocks flying under the radar for Q1 2022!
Get the Picks
 
"Hi Roger, I truly appreciate the videos.  They are a calming presence in an otherwise hectic time."

Kevin H.












The Relative Strength Index (RSI) is a momentum indicator that measures the magnitude of recent price changes to analyze overbought or oversold conditions. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset.

Traditional interpretation and usage of the RSI is that values of 70 or above indicate a security is becoming overbought or overvalued. And, therefore, it may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below is commonly interpreted as indicating an oversold or undervalued condition that may signal a trend change or corrective price reversal to the upside.
 
 
 
 
 
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