Using Bullish Divergence to Identify Potential Stock Up Turns
Tuesday, April 11th at 3:30pm CT
In this free webinar, guest speaker Alan Knuckman joins us to talk about options trading! Alan will discuss how a sentiment shift signal can help traders use bullish divergence to identify potential stock up turns.
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Artificial intelligence (AI) stocks are exploding, as hoped.
For one, according to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030.
Two, according to Marketing AI Institute, “Artificial intelligence will, on average, boost rates of profitability by 38% and provide an economic boost of $14 trillion in additional gross value by 2035, according to research by Accenture.
Three, investors can’t get enough of the ChatGPT craze. In fact, according to Economist,” Since ChatGPT was launched in November, a new mini-industry has mushroomed that has defied the broader slump in tech. Not a week goes by without someone unveiling a “generative” artificial intelligence (AI) underpinned by “foundation” models – the large and complex algorithms that give ChatGPT and other AIs like it their intelligence.
Four, the U.S. Chamber of Commerce just said, “virtually every business and government agency" will use AI, noting that it will have a "profound" impact on society, the economy, and national security,” as quoted by Seeking Alpha.
So, it comes as no surprise that some of the AI stocks we’ve spoken about are moving.
Nvidia (NVDA)
Nvidia is a no-brainer in the AI space.
AI has been a strong catalyst for NVDA, too. CEO Jensen Huang told analysts that activity around Nvidia’s AI infrastructure “has gone through the roof” since the public debut of Open AI’s ChatGPT, as noted by MarketWatch.com.
There are two investment vehicles that you can use to make money in the markets. The first is to buy the stock that you feel will make a big price movement, and the second is to buy an option on the stock that has the potential to make a big move. There is also the choice of playing your position in the markets for the long term and riding the stock up, down, and all around for the good and bad times, being ever faithful to the stock. Or, you can ride the stock up in good times and down in bad times, trading in the short term.
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