What GameStop’s Latest 200% Explosion Means for the Market

March 1, 2021 Former Hedge Fund Manager Reveals Upcoming Stock Moves Tomorrow at 1 p.m. EST, WealthPress Senior Strategist Roger Scott is pulling back the curtain on a handful of small-cap stocks he believes are poised for massive breakouts. You see, trillions of dollars are now being poured into the once overlooked small-cap sector. And if investors can identify exactly where the money's about to flow next, they can collect  massive windfalls on those stocks as they rise. Lucky for us, finding these "microbursts" happens to be Roger's specialty. And he's agreed to reveal his secret ahead of the next big market move. Hear What He Has To Say PS5 Shortage Helps Boost Semiconductor Stocks A global pandemic in 2020 ignited a tech revolution and spurred people to drastically raise the demand on personal electronic devices. But this rising desire for tech devices has caused a shortage of semiconductor chips, resulting in production delays for things like the PS5 and electric vehicles (EV).   The sweeping demand for chips didn't happen overnight. The transition to a semiconductor shortage came in waves. In the first wave we saw consumers targeting PCs, monitors, laptops and anything else tech-related to prepare for working and going to school from their homes. The second wave was all about making remote living more entertaining: People started buying out every game console, TV and phone that stores had to offer. It was in the third wave, however, that we realized just how many products needed chips in order to function. And that's why we're now seeing how the semiconductor shortage threatens the production of Sony's extremely popular PS5 console — which in turn is somehow also helping certain semiconductor stocks to soar…? How Is That Possible? *clicking these links will automatically subscribe you to Future of Wealth emails What GameStop's Latest 200% Explosion Means for the Market If you thought the short-squeeze saga was over… think again. Shares of GameStop were up 100% after hours Wednesday after suddenly exploding before the close, finishing up 103.94% at the closing bell. And as you guys know, GameStop went bonkers a couple of weeks ago, propped up by the subreddit WallStreetBets and then social media as more and more traders joined the fray. The same thing also happened with AMC and a few other stocks recently, propelled by the Reddit crowd. After nearly two weeks of craziness that saw GameStop go from $18 to above $400 at times, things started to settle down somewhat… though it's still trading more than double its normal range. And then, out of nowhere — BOOM! What Does It Mean? "Frankly, I am impressed... seen a lot of systems... and some great returns... but you have us looking behind the curtain!" Jay The Relative Strength Index (RSI) is a momentum indicator that measures the magnitude of recent price changes to analyze overbought or oversold conditions. It is primarily used to attempt to identify overbought or oversold conditions in the trading of an asset. Traditional interpretation and usage of the RSI is that RSI values of 70 or above indicate that a security is becoming overbought or overvalued, and therefore, may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below is commonly interpreted as indicating an oversold or undervalued condition that may signal a trend change or corrective price reversal to the upside.   Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.   Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.

 

                                                           

This email was sent to indra21poetra@gmail.com by WealthPress LLC 495 Town Plaza Ave | | Jacksonville | FL | 32081 Forward to a friend | Unsubscribe