| | Our 38% Gain Came Just In Time | Dear TheoTrader, | The algos are on the move, liquidating tech stocks and deserting their one-time darling sector en masse. The high-octane growth stocks are on the chopping block. | People following along with my Genesis Cog recommendations got out of Palo Alto Networks (PANW) at just the right time… with gains of anywhere between 5.6% to 38% if they used options. (You can find out how the Genesis Cog works right here.) | Of course, PANW is down today. | So is every single one of the Magnificent Seven is down today, along with a slew of other formerly high-flying tech names. They're selling on extreme weakness in CrowdStrike, too, which could well be sued by Delta Airlines for damages incurred in the recent network outage.
But then, that's the machines' M.O., isn't it? Buy what's going up, sell what's going down.
That's par for the course at this point, but what's interesting to me is where the money is going now. | It looks like a flat-out run for defensives, particularly Coca-Cola (KO), General Mills (GIS), and Chevron (CVX). If I didn't know any better, I'd say the race was on for dividends. (But of course, this is a race for dividends.) It's another sign that the economy is soon to hit the skids when even the algos want income. | So, the "Sell" switch is set to "On," but that's not yet being reflected in the major averages, which for all the drama, are still hovering near all-time highs. And remember: Markets crash from lows, not all-time highs.
Stay tuned. | Professor Jeff Bierman
The Genesis Cog Just Delivered a 38% Gain When you hear that sector rotation is powerful, believe it! Professor Bierman just closed out a PANW position with a market-crushing gain. These sector rotations are just getting started - McDonald's is looking hot, for one, but the scanner is flashing green all over. Click here to learn how to get in. |
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