A Beat Up Stock Ready To Recover
Keith Harwood spotted a stock hiding behind the New Year’s headlines and it looks ready to refill a gap down. He took us through how he uncovered this gem and what he expects it to do in a quick video chat. He may be giving away too much as he explains what he saw on the charts that caught his attention. Check it out here:
Chart of the Day: Pro Shares Short Bitcoin ETF (BITI)
There’s now speculation a Bitcoin ETF could be rejected by the US SEC. As noted by CoinDesk.com, “Crypto investment services provider Matrixport expects the U.S. Securities and Exchange Commission (SEC) to reject all applications to list a spot bitcoin exchange-traded fund (ETF) this month.”
WM’s Strong Trend Draws Attention
On Friday, we looked at a Daily Price Chart of QUALCOMM Incorporated, noting that QCOM’s OBV line is sloping up, validating the recent bullish trend.
For today’s Trade of the Day e-letter we will be looking at a monthly chart for Waste Management, Inc. stock symbol: WM.
New Market, Traders Beware
The federal reserve minutes came out mid afternoon on Wednesday and the market staged a violent rally. It was much like the violent rally into the market close Tuesday. The latter was completely reversed overnight, On Wednesday the last hour plunged almost 300 SPX points to close near the lows of the day.
See How This Disney Trade Sets Up Nicely
When I spotted this trade example, I had to send it to you. Take a look below and I’ll show you what helped me uncover it, how to get the biggest potential trade benefit, and also, I’ll update you on a previous example.
Three Top Dividend Stocks to Buy and Hold in 2024
Some of the best stocks to buy and hold forever are Dividend Kings.
These are the reputable giants of the market that’ll pay you to hold their stocks. So, not only do you get safety, but you can collect some extra income along the way. Even better, the Kings have a 50+ year history of raising their payouts.
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