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Making Money in 60 Minutes or Less

 
   
     
   
 
APR 20 2023
 
 
Making Money in 60 Minutes or Less
   
DON YOCHAM
The Recessionary Half of Stagflation
 

A bit of a late day selloff as all five economic data releases published today support the case of an imminent recession.

The Philly Fed Manufacturing Index continued its descent into contractionary territory, printing a negative 31.3 (anything below 0 signals contraction).
 
 
This was a material drop from last month’s negative 23.2 and well below the expected negative 20 reading and represents a steep drop from its peak reading of 45.6 one year ago.

Employment numbers continue their slide as well.
 
 

Since bottoming out last September, individuals filing initial unemployment insurance claims have advanced higher to 245,000, driving the total number of unemployed filing for insurance 45% higher from that September low.

Total claims now sit at 1.87 million. 
 
 

The Index of Leading Economic Indicators, or LEI, is also broadly signaling recession.
 
 

The index has dropped nearly 10% over the last year. And of the ten components comprising this broad measure of economic activity, only two – stock prices and consumer goods orders, demonstrated an increase over the last six months.

 
 
Notably, when the LEI falls below 50 and simultaneously drops by at least 4.2% over the past six months – indicated by the dashed black and red lines in the chart below – a recession is imminent.

 
 
Now, it’s often said, (and it’s true), that the stock market isn’t the economy. 

With inflation still percolating, the Fed both raising rates while bailing out banks, and housing prices sending very mixed signals, it’s easy to see a higher stock market and sharply contracted economy six months out.

Indeed, inflated stock prices and stagnant growth is a pretty reliable indication of stagflation.

But it’s not an environment in which you want to blindly buy stocks.

You want to tread with light feet.

My colleague Jeffry Turnmire has an approach that’s about as nimble as you can get.
Take What the Markets Give You.
 
 
JEFFRY TURNMIRE’S MORNING MONSTER
Can We Get Out of this Tight Consolidation?
 
 
 

For months equity markets have demonstrated about as much commitment as Elizabeth Taylor.

The sideways churn has inflicted pain on bulls and bears equally.

At 9:15am ET tomorrow, I’ll go live on it YouTube with my pre-market analysis looking for those stocks most primed to move.

I’ll also see what potential plays we can spot in the broad stock market indexes like SPX, SPY, NDX, QQQ, Russell, and IWM.

Plus, I always take your requests.

So, set a reminder, bookmark this link, and join me for tomorrow’s “Morning Monster”.

See you there,

Jeffry
LANCE IPPOLITO
You Gotta Check This Out
 

Earlier this week, I sat down with a guy unlike any trader I’ve ever worked with.

It’s not because he’s an urban farmer and engineer on the side. It’s not  because he’s got a braid in his beard.

This guy is the real deal when it comes to exploiting strange options anomalies.

As you know, that’s my bread and butter. So I was immediately interested.

But when I heard about the strategy he’s used to target 50% or more in 60 minutes or less?

Well, I’ll admit, I was skeptical at first.

But then I saw his track record.

With top wins like 25% in 3 minutes… 52.56% in just 27 minutes… and even 108.33% in 34 minutes! 

All with 60% wins and an average win of 77%! 

And when I saw that he puts his own money on the line for every single trade, I knew I had to sit down with him.

In the video linked below, you see how Jeffry built this strategy, why he has so much confidence in it, and how it’s possible to target 50% or more in 60 minutes or less as soon as tomorrow’s opening bell.

>> Access the full recording here

You’ll see.
 
Lance

The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 1/3/2022 through 3/27/2023 the average return is 16% per trade (winners and losers) with a win rate of 61%. The average winner is 79.8% over a 54 minute holding time. The annualized rate of return is 383%.
 
SCOTT WELSH
Game On Again
 

Back on March 21st, we mentioned that Churchill Downs (CHDN) had broken above a possible entry line.

A lot has happened in the past month. How has it held up?
 
 

It’s held up well, and is showing positive momentum as we speak. 

And, overall, is Gaming & Leisure still hot?

Yes. It’s one of the top 15 hottest sectors right now.

What about Boyd Gaming (BYD)?

We’ve also talked about BYD, and it’s getting very close to a possible entry:
 
 
Above $69.43 could be a possible Buy.

Any others in this group?

Yes! DraftKings (DKNG) is looking strong also:
 
 
DKNG has been going sideways in a base, gathering up energy. 

A break above $21.62 could lead to a big, explosive move up to $26 or higher.

Gaming & Leisure is hot right now. 

We’ll keep an eye on it.

Happy trading,

Scott
 
   
 
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