| | I Don't Trust This Rally a Bit - You Shouldn't Either
SPY ripped around 53 bucks to the upside before the close… but I don't feel great about it. | I'd never hate on a good rally, but this ain't that. That might change next week, but we'll deal with that when we come to it. | My unease with this upswing has got nothing to do with MAC/D… nothing to do with Fibos… it's not Bollinger bands, either. | It's the risk assets in play right now. They are, as I'll explain in a second, not behaving correctly at all given the intense bounce we're seeing play out today. | Right now, I'm going to prove to you that the emperor's got no clothes… | | TheoTrade Daily Chatroom Schedule for Monday, April 29, 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: Gianni Di Poce takes in the whole market
12:30 PM to 1:15 PM: Blake Young talks earnings and a lot more
1:15 PM to 2:00 PM: Brandon Chapman checks top-performing stocks and sectors
2:00 PM to 3:00 PM: Tony Rago finds targets in NQ charts
3:00 PM to 4:00 PM: Corey Rosenbloom will make range and trend plays | New Stock Pick from Gianni Di Poce
Late last week, Gianni dropped another pick for Members - he said he wanted everyone else to have it, too. What a nice guy! His pick is "Buy RCL on a close below $140.56 with a stop-loss on a close below $129.20." | You can get all of Gianni's free Sector Leader Bullseye research delivered right to your inbox. Just click here - absolutely no charge. | I Just Released My Updated Watchlist… And a Lot More
Today at noon I went live in front of hundreds of you to bump my Moonshot watchlist to a whopping 96 stocks. What can I say? My hand was forced. After our first-half Moonshot position in XLF paid off, I had to put on the other leg of that trade. That changed the playing field, hence the update. Everyone needs to get this list, so I'm linking to a recording of my presentation here. To get my watchlist and check out how I put on Moonshot trades, go here…
We'll talk again soon, | | Don Kaufman
Co-Founder, TheoTrade | | | | | | |
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