BitCoin Chart Signal, Alphabet Breakout, and Other Top Articles
This Lagging Stock Is Ready To Catch Up
As the new year begins, we’re certainly seeing some portfolio allocations changing. Tech stocks were weak to start the year, which isn’t surprising given the incredible run that technology stocks have had for years. But now, it seems that investors are generally buying the market again.
Fresh Inflation Reports On Deck
In the past few months, inflation has continued to trend downward, U.S economic data has remained resilient, and there have been no major spikes in unemployment or jobless claims. These are all indications that the runway for the ‘soft-landing’ is within sight and that seemingly inflation has been tamed without bringing about a recession. This week we have some crucial new inflation datapoints in CPI & PPI due that will serve as further evidence. These reports will either continue to show that the Fed was successful in battling inflation or if there is an unexpected upside surprise, it could push back on the narrative that the Fed is done hiking in this cycle. Either way, you can be assured that investors will be tuned into these releases.
Chart of the Day: The ProShares Bitcoin Strategy ETF (BITO)
With the approval of a Bitcoin ETF, investors may want to keep an eye on The ProShares Bitcoin Strategy ETF (BITO).
If you believe the value of BTC will push higher, you can invest in the Pro Shares Bitcoin Strategy ETF (BITO). With an expense ratio of 0.95%, the ETF tracks the performance of spot Bitcoin, and is the world’s largest and most actively traded cryptocurrency ETF, according to ProShares.
Alphabet Poised for a Breakout?
Yesterday, we looked at a Daily Price Chart for Ross Stores, Inc., noting that ROST stock was trading in the Keltner Channel ‘Buy Zone’.
For today’s Trade of the Day e-letter we will be looking at a daily price chart for Alphabet Inc. stock symbol: GOOGL.
New Stocks On The Watch List
We booked STARBUX on the early plunge Friday, securing a nice gain on top of TSLA and ARKK from earlier in the week. Still short CISCO from $50.05 stock price via the March puts. I am adding Las Vegas Sands, Pepsi, and especially SQUARE to my short candidate list for next week. Not sure if or when I will pull the trigger on these till I see the market unfold.
Spotting A Trade In The Tech Trend
I keep a close eye on QQQ and just spotted an example of a great potential trade. Below I show what my indicator revealed, the trade example to consider and an update on a previous trade.
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.
|
