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Adobe Standing on a Ledge…

 
   
     
   
 
FEB 28 2023
 
   
JEFFRY TURNMIRE’S 30 MINUTES OF AWESOME 🎥
5pm ET TONIGHT: Hold the LINE!
 
 
 

SPX and the market in general has traded down to support and held for several days now. There’s very little economic data being released and with CPI, and the FOMC meeting a couple weeks away, I don’t see much moving the markets.

What should you watch out for? What is the likely path forward?

Come find out. I cover charts and market analysis, along with predictions for the next big market moves. SPX, Nasdaq, SPY, QQQ, IWM, oil, gold, bitcoin, crypto, AAPL, TSLA, AMZN, natural gas…I cover them all and more.

And I always take your requests.

Join me this evening at 5pm ET right here. 
 

What About War Will Markets Ignore
 

There’s a growing gulf between East and West. We’ll talk about this and much more on tomorrow’s “Roundtable” at 10am ET. 
Go here to watch.
DON YOCHAM 🎥
It’s All About Margins for these Soaring Refiners
 

Low priced oil. High priced oil. Refiners don't care.

They mint money on scarcity. And when it comes to refining capacity, the U.S. has scarcity in spades.

We kicked off this week’s Sizzle Stock session with quick discussion of refiners in general and then took a close look at Valero (VLO) and Marathon (MPC) – one of which looks well positioned to keep reaching for new heights.

McKesson (MCK) also looks interesting above a certain level for those of you looking for longer term buys. And Adobe (ADBE) is perched on a cliff.
Check out what we had to say about these stocks and more in today’s Sizzle Stock review.
 
 

You can join each week on Tuesdays at 11am ET. Just hop in the ProsperityPub Community Telegram channel and we’ll show you the  ropes from there.

It’s open to the public and you're free to join at any time.
 
 
Don Yocham, CFA
 
JACK CARTER
Two Simple Steps to Big Weekly Payouts
 

Nothing is guaranteed in markets.

There is no instant income. No magic pill.

There will be winning weeks – and losing weeks, too… 

But Jack Carter recently discovered a method to lock in payouts - week after week - with a 97.1% success rate…

It takes just a few minutes and a couple clicks of the mouse to use this method…

Watch Jack place his “2-Step Trades” live to see it for yourself.
SCOTT WELSH
Follow the Money
 

If you’re interested in making money, here’s a tip:

Go where the money is. 

If you have a $1,000 product, don’t sell it to a group that only has $100 to spend.

And if we’re interested in trading stocks that move, we need to go where the stocks are moving. 

In other words, we should probably be looking at the sectors that are moving the best and showing more strength than the overall market.

What’s one of those hot sectors?

Travel. 

And what are some hot Travel stocks?

How about Booking Holdings (BKNG)? Here’s the chart:
 
 

Since 2022, this stock has beaten the market by 30%. And while the market has been muted for a number of weeks, a break above $2681.45 could lead to a big move.

It’s pretty expensive, though. 

Are there any Travel stocks that are more affordable? 

Yes. Here’s TripAdvisor (TRIP):
 

While it hasn’t outperformed quite as much as BKNG, it’s still done slightly better than the market since 2022. 

Some bullish momentum and a break above $27.30 could lead to a nice run for TRIP.

When the market is stale, don’t settle for stale stocks.

To find the outperformers, we need to look at what’s moving. 

And Travel is a great place to look.

Happy trading,

Scott
   
 
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