Most folks who’ve been looking at the market as a whole are probably ready to throw in the towel…
But that’s only because they have no idea how much opportunity is still out there…
WealthPress Senior Strategist and legendary investor Tom Busby just went live to reveal the full details on this simple strategy in a special presentation.
U.S. stock futures were mixed Wednesday morning as Wall Street continued to search for stability and the bottom of the latest market sell-off.
On the agenda for Wednesday was the first-quarter gross domestic product report, which is extremely important because consumer spending accounts for about two-thirds of the U.S. economy.
GDP came in at -1.6% after estimates of -1.5%.
As most of you already know, the TLT is trading sideways, which means the bond market isn’t assimilating any more significant interest rate hikes into its price.
That means the longer the bond market remains choppy, the better it is for stocks — and the less likely the Federal Reserve will raise long-term rates…
But if the bond market starts to move downward again, and I believe it will and it’s only a matter of time, it’ll put more pressure on stocks.
P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
It’s nice to see some bullish flow on an otherwise nasty day for tech stocks…
Shares of QCOM jumped as much as 7% on Tuesday after an analyst report claimed Apple won’t be able to produce enough 5G modem chips for its iPhones, leaving Qualcomm in a position to pick up the slack..
The speculation helped drive a surge of volume into Qualcomm stock and options trades on Tuesday.
Just before lunch my scanner spotted an institutional trader scooping up around 3,000 contracts of the Sept. 16 expiration, $150 strike calls for over $1 million in premium!
Of course that’s not the only name hitting the tape…
A Double Bottom is a technical analysis charting pattern that describes a change in trend, and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop and, finally, another rebound. The double bottom looks like the letter "W." The twice-touched low is considered a support level.
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Jeff Zananiri’s summer vacation from Wall Street continues at the Red Sea in Egypt, where he has some words of wisdom to share.
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