“Phase 3” for QQQ Setting Up a 33% Gain

 
   
     
   
 
FEB 22 2023
 
   
Don Yocham
Poison Pill for an Overreaching State
 

The political spectrum has no center.

Democratic participation presents only a grim choice when viewed from the managed perspective of media propaganda. Your choice feels like it boils down to aligning with the culture of victimhood on the left or to throw in your lot with bigoted oppressors on the right.

Meanwhile, the once hotly contested middle ground has seemingly flash-boiled away like a shot of Bourbon in a hot skillet.

But for those of us looking past the propaganda, the extreme political division has laid bare the core political operating principle: Use every “crisis” as an opportunity to sacrifice self-determination on the altar of centralized political authority.

The resulting demands for total compliance to deal with whatever crisis presents itself have driven many of us to cling more tightly to the right to choose for ourselves. Rather than accept the divisive label of victim or bigot, self-empowered individuals have moved off the one-dimensional, left-right paradigm into a second dimension.

One defined not by victims and bigots but by top-down, authoritarian centralized power on one end and bottom-up, power-from-the-people decentralized authority on the other.

So, the middle didn’t evaporate. It simply stepped aside.


Twenty Years of Overreach

Small government once defined the American landscape.

Even during the ‘90s, we all assumed that decentralized private interests dominated the economy’s commanding heights. The collapse of the Soviet Union proved once and for all (at least it seemed) that free markets and competition provided the surest path to prosperity.

But then 9/11 handed the perfect opportunity for the centralists to grab more authority for themselves. 

And the state grew.

They militarized the police. They blew through all boundaries of privacy by massively boosting the surveillance state. And by 2007, Congress unwittingly inflated housing prices to usher in the Great Financial Crisis through political directives to increase homeownership.

Ever since, bailouts and exploding government debt enabled by thirteen years of monetary life support have defined the U.S. economy. Mainstream news produces nothing more than a continuous barrage of political propaganda telling you what to think through carefully crafted talking points.

And by now it should be clear to anyone with an objective neuron in their brain pan that social media companies conspire with government agencies to wield enormous power over the political conversation.

But you have reason for hope.


Centralization’s Antidote

Many Americans have grown wise to the fact that they are being sold rather than told by mainstream media and political apparatchiks.

Growing political division highlights that rising authoritarianism supplies an unacceptable solution for individuals who refuse to have their thinking done for them. You reject calls to surrender your self-respect and property for the ultimate “ends justify the means” argument – it’s for the greater good.

The fuel for all this centralization is fiat money, of course. And when the U.S. federal government needed more fuel, the Federal Reserve dutifully bought up whatever bonds the Treasury issued, giving them trillions of newly printed U.S. dollars in exchange to pull more power to the middle.

But you can sidestep this crushing dynamic with an asset custom made to counter centralization’s march.

And so far this year investors looking to inoculate themselves from this corrosive collusion between central banks and central governments have poured $150 BILLION into this one asset.

It’s a flood of money that caught many market players and pundits by surprise. But not top market forecaster Jeffry Turnmire. 

In fact, he called this!

And after tracking this asset for a decade, he believes what looked like a flood is just a trickle compared to what’s in store over the coming months.

In this video, Jeffry shares everything you need to know in order to potentially profit off this thriving asset! 

You’re free to join him HERE!

So give it a listen. And position yourself to side-step the crush of centralization.

Take What the Markets Give You
MICAH LAMAR
Here’s where AAPL and QQQ Could Be Headed Next
 
 
 

Editor’s Note: Micah Lamar is our Apple (APPL) Stock expert. Enjoy his latest stock analysis along with his perspective on Invesco QQQ Trust (QQQ). 

Apple’s stock is in an interesting place. It’s come all the way from the bottom of its long-term channel… bouncing from about $124 all the way to $157 where it formed what we call a “double top”. 

We still have a longer degree channel that’s moving to the downside.. with lower highs and lower lows. Which means we may have reached a make or break moment for APPL. 

And when I come across these make or break moments, I turn to one of my favorite indicators, the MACD. It’s got a great batting average and risk reward, it’s incredibly profitable… and it just does a great job showing the overall momentum of a stock.

Looking at the MACD, APPL crossed the Bulls back on Jan. 9 and it’s now getting close to crossing over to the Bears. APPL’s bullish cycles typically last about a month, so we’re about a week overdue for the stock to turn bearish. 

From a stats perspective, when the MACD goes bearish, it’s not a good idea to be long calls or anything that’s short term in nature.

If you’ve been long for about a month, I think it’s not a bad time to at least consider taking some money off the table. It’s been a good run.

Sure, there’s a chance APPL could break out to the upside. But looking at the stock short term, it seems clear to me that we’re basically just compressing sideways. 


Turning to QQQ…

We’ve gone through the first three phases of a rounding bottom
Phase one involved lower highs and lower lows. Phase 2 is a sideways trend with level highs and level lows.
 

Phase 3 is when the stock or index moves back into an uptrend with higher highs… and lower lows. We’re not quite there yet. 

The MACD is now bearish on QQQ, so I wouldn’t be surprised to see a little more compression…or even a small pullback. 

But I believe we can expect another rally… potentially into the summer. If I’m right – and this could take a year or more to play out – we could see QQQ back up around $400.

Best, 
Micah
“MORNING MONSTER” WITH JEFFRY TURNMIRE 🎥
Catch This Market Bounce!
 
 
 
Yesterday we had a nice big drop. And we’ll see at 2pm ET whether the FOMC minutes backs up all the hawkish talk we’ve recently heard from various Fed heads.

So what is popping and what is dropping? Take a look and see for yourself. I’ll give you my views on SPX, SPY, NDX, QQQ, Russell, IWM, and other plays with big potential for the day.

And to catch these picks before the open, make sure to join my livestream on YouTube right here, each morning at 9:15am ET.
   
 

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