| | The Only Stock That Matters…. And The Only Sector That Counts
By Brandon Chapman
The S&P 500 had trouble lifting off today, courtesy of a thousand-pound weight: NVDA. Today's price action shows once again that this is the stock. Nine other sectors actually finished higher for the session. | The rally that counts today is the energy sector - largely the result of the fundamentals of oil and even energy. The oil futures market is in backwardation right now, which is to say futures are trading at a discount to the spot price. This tells us, not in so many words, that the risk of an oil shortage - not unheard of in summer - is still being priced in. | Utilities, financials, and consumer staples are positive for the day, too, though hard to grab onto. Treasury yields are consolidating and PCE inflation data hits on Friday. Any bullish perch is rather precarious right now. | Now let's talk about what to do about all of this - we'll cover tickers like DVN, XOM, GLD, and more, too. | | TheoTrade Daily Chatroom Schedule for Tuesday, June 25, 2024
9:20 AM to 10:30 AM: I'll be getting us ready for the opening bell
10:30 AM to 11:30 AM: Professor Jeff Bierman shows you… The Way
11:30 AM to 12:30 PM: Blake targets more earnings trades
12:30 PM to 1:30 PM: Gianni Di Poce is watching currencies and a lot more
1:30 PM to 2:00 PM: Break
2:00 PM to 3:00 PM: Tony Rago finds targets in NQ charts
3:00 PM to 4:00 PM: Brandon Chapman tracks big money flow
My People Cleaned Up with QQQ (Triple-Digit Gains)
I released at zero-days-to-expiration "0TDE" trade on the massive NASDAQ ETF and the folks following along crushed it. Two people wrote in to say they made 235% and 322%.
These kinds of wins are possible with tech at nosebleed highs - if you know what you're doing. I'll be showing everyone in the audience how it works on Wednesday - get your free spot here.
Gianni's Planning His Next Move - Get In on It
Our newest trading expert put a successful two quarters on the books… and he (and his readers) are hungry for more wins. Today he published where to find the biggest profits in the next six months. | Click here to get Gianni's Sector Leader Bullseye research - free - delivered right to your inbox…
| We'll talk again soon, | | Don Kaufman
Co-Founder, TheoTrade |
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