A friend of WealthPress Senior Strategist Roger Scott recently showed him hers… It was down nearly 30% and, unfortunately, she isn’t the only one Roger’s heard this from lately.
Most traders have lost money this year — some have lost more than they can bear.
Now, we’re not saying this to scare you...
It’s a warning. And it’s why we’d like to invite you to take action at 9 a.m. EDT on Saturday, June 11, when Roger is holding a private training class to show everyone the critical move they can make to help protect themselves from further downside…
Did you miss this week’s WealthPress Live Roundtable? New Money Crew’s Lance Ippolito and myself covered:
More revenue downgrades for Target and Credit Suisse, a recurring theme that’s bad news for the economy — but let’s not throw the baby out with the bath water when it comes to retailer stocks!
The federal government is talking about regulating crypto — which goes against everything crypto was invented for — and we have strong opinions on this topic.
U.S.-listed Chinese stocks are a hot topic again. Lance gave three ways to play it including a big bull call spread in a particular stock he went over, and I shared a couple of ways to play China stocks. The one thing we both stressed — exercise caution!
Lance and I also shared our favorite opportunities in the market right now — and something to throw out of your portfolio.
In the hour or two before the start of each trading week, you’ll find me glued to my screens catching up on the weekend’s news and watching premarket trading volume.
It’s important to stay on top of the premarket price action because it gives traders a good idea of what to expect in the rush of volume the first 30 minutes of trading.
If I see a boatload of volume hitting the tape heading into the bell, odds are good it will be a fantastic week for Wiretap Alerts…
But if trading volume is sluggish, it means we need to pay even closer attention and stay nimble because just a few minutes can make the difference between a win… or an ugly red mark in the loss column. And no one wants that!
So when premarket trading volume came in light Monday morning, it took a cool head and steady hands to claw out another hat trick of winning trade for Wiretap Alerts, extending our winning streak.
And that leads me to a great topic for us to cover…
Consolidation is a technical analysis term referring to security prices oscillating within a corridor and is generally interpreted as market indecisiveness. Said another way, consolidation is used in technical analysis to describe the movement of a stock's price within a well-defined pattern of trading levels. Consolidation is generally regarded as a period of indecision, which ends when the price of the asset moves above or below the prices in the trading pattern.
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Jeff Zananiri offered a great lesson from “Top Gun: Maverick” that’s applicable to stock trading. Get his take here!
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