Three Top AI Stocks For New Year 2024, What…
Chart of the Day: Bristol Myers (BMY)
Bristol Myers (BMY) had a terrible year.
Since Jan. 1, BMY plummeted from about $72.50 to $50.10 – where insiders seem to be confident a bottom may be in place. On November 20, for example, director Theodore Samuels paid $423,400 for 8,500 Bristol Myers shares. Then, on November 28, CEO Chris Boerner bought 3,071 shares for about $150,000.
GD: Technical ‘Buy’ Trend Identified
Yesterday, we looked at a Daily Price Chart for W.R. Berkley Corp., noting that WRB’s 24/52 Day MACD is trading above the 18-Day EMA signaling a ‘Buy’.
For today’s Trade of the Day e-letter we will be looking at a daily price chart for General Dynamics Corp. stock symbol: GD.
Three Top AI Stocks for New Year 2024
The artificial intelligence market will be worth billions, if not trillions.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – could grow twenty-fold by 2030 to more than $2 trillion. All while the technology massively disrupts everything about everything.
What To Expect In December
Not really too much opportunity here except for very short term traders. In our daily Keypoint video for Wednesday morning (I’ve included a sample below so you can see it for yourself) I said that the highs are unlikely to be taken out and short traders could sell short futures/ buy puts on any early strength with the proviso “see profit/ take profit”.
Where Are The Holiday Season Trades?
The holidays are here, and they just keep coming. Over the next 4 weeks, we’re going to wrap up 2023 and launch into 2024, and we’re all looking for that last possible push for the market.
Gaming Stock Reveals A Trade Setup
Good morning! I noticed something on my charts I wanted to share with you. (I have also included an update on a previous trade at the end of this message.)
I was going through various patterns to look for great trades and found a great example in Roblox Corporation (RBLX) that shows how powerful one of my favorite indicators is at spotting great trades. True Strength Index is effective at spotting strong trends and weeding out the weaker moves. To learn more about TSI, click here.
Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC’s website: All About Auto-Trading, https://www.sec.gov/reportspubs/investor-publications/investorpubsautotradinghtm.html
TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. You should always consult with your own professional advisers regarding equities and options on equities trading.
1. The information provided by the newsletters, trading, training and educational products related to various markets (collectively referred to as the “Services”) is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by TradeWins Publishing (“TradeWins”) a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. The Services are intended to supplement your own research and analysis.
2. TradeWins’ Services are not a solicitation or offer to buy or sell any financial products, and the Services are not intended to provide money management advice or services.
3. Past performance is not necessarily indicative of future results. Trading and investing involve substantial risk. Trading on margin carries a high level of risk, and may not be suitable for all investors. Other than the refund policy detailed elsewhere, TradeWins does not make any guarantee or other promise as to any results that may be obtained from using the Services. No person subscribing for the Services (“Subscriber”) should make any investment decision without first consulting his or her own personal financial adviser, broker or consultant. TradeWins disclaims any and all liability in the event anything contained in the Services proves to be inaccurate, incomplete or unreliable, or results in any investment or other loss by a Subscriber.
4. You should trade or invest only “risk capital” money you can afford to lose. Trading stocks and stock options involves high risk and you can lose the entire principal amount invested or more.
5. All investments carry risk and all trading decisions made by a person remain the responsibility of that person. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not produce losses. Subscribers should fully understand all risks associated with any kind of trading or investing before engaging in such activities.
6. Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Simulated trading services in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. TradeWins makes no representations or warranties that any account will or is likely to achieve profits similar to those shown.
7. No representation is being made that you will achieve profits or the same results as any person providing testimonial. No representation is being made that any person providing a testimonial is likely to continue to experience profitable trading after the date on which the testimonial was provided, and in fact the person providing the testimonial may have experienced losses.
8. The author experiences are not typical. The author is an experienced investor and your results will vary depending on risk tolerance, amount of risk capital utilized, size of trading position and other factors. Certain Subscribers may modify the author methods, or modify or ignore the rules or risk parameters, and any such actions are taken entirely at the Subscriber’s own election and for the Subscriber’s own risk.
|
