Wall Street is a strange place. Most of the time, good economic news is good news for the stock market. But every now and then, things get screwed up, and bad economic news becomes good news for the stock market.
We're in one of those backward times. Traders are actually buying stocks because they saw bad economic news.
You see… even though the Fed has been raising interest rates like crazy in an attempt to slow down economic growth and lower inflation, analysts have been worried that the U.S. economy is still too strong. The labor market has remained strong and consumer confidence has remained high.
That all changed this week though when the job openings number and consumer confidence number came out and were worse than expected.
In the video below, we walk you through what is happening on Wall Street, why traders are suddenly buying stocks again, and how each of the trades in the Predictive Alpha Prime portfolio is likely to respond. (19:12 min. watch)
Each week, we will update you on our open trades, organized by their initial "target price" date.
To be clear, these trades are straight stock buys; we will not pursue any options trades in this service.
Predictive Alpha's unique A.I. system allows it to predict, with astonishing accuracy, where a security will move over the next month (or, to be more specific, the next 21 trading days).
Because this A.I. is so sensitive and updates its predictions every single day, a predicted target price may change from one day to the next.
We watch those changes carefully and will alert you when we think an exit is optimal.
The current one-month target price for KEY has dropped a bit since we entered the trade. It is normal to see this price shift from day to day as the market fluctuates.
The fact that it is still above our entry price and is still showing bullish momentum tells us the trade is still on track.
The current one-month target price for MOD has dropped a bit since we entered the trade. It is normal to see this price shift from day to day as the market fluctuates.
The fact that it is still above our entry price and is still showing bullish momentum tells us the trade is still on track.
Timing is everything when it comes to our trades, so head to your app store now, download the free TradeSmith app, and enable push notifications… because the next great trade is right around the corner!
We'll be back with you soon.
Sincerely,
John Jagerson & Wade Hansen Analysts, Predictive Alpha Prime
TradeSmith is not registered as an investment adviser and operates under the publishers' exemption of the Investment Advisers Act of 1940. The investments and strategies discussed in TradeSmith's content do not constitute personalized investment advice. Any trading or investment decisions you take are in reliance on your own analysis and judgment and not in reliance on TradeSmith. There are risks inherent in investing and past investment performance is not indicative of future results.
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