| September 30, 2024 |
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Volatility Will Snap Back Like a Rubber Band
We just closed the books on a sleepy, low-volatility period. But Don expects it’s going to come raging back in the next few days, opening up 24-Hour “Profit Windows” left and right. These have been raided for 26% to 55% gains nearly two-dozen times, and that’s likely to accelerate. This is what you need to know… |
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| Three Stocks to Watch in Just One Sector |
| Blake Young back with you today. I hope everyone had a great weekend, because things are about to get exciting… |
| The market’s “deep currents” that have helped me double the S&P 500’s returns year to date are shifting again – and I’m doing my utmost to make sure my subscribers get the benefits. Keep your eyes peeled for a big announcement on that. |
| Right now, those currents are pushing the energy sector out ahead. In fact, the sector has been in a pronounced up-trend for the past four weeks or so. |
| Nevertheless, I think entry points look good for assets like the SPDR Select Sector Energy ETF (XLE), Exxon Mobil (XOM) and Chevron (CVX), all sector mainstays. |
| If XLE clears $90, I have a $98 target, which would be a nearly 10% gain from today’s levels. If XOM can clear $118, the way is open for an $11 move to the upside. |
| It’s CVX, though, that has the biggest potential here. A break above $149 would likely prompt a $15 move higher. |
| The bottom line: A breakout above these key levels would “feel” risky to the untrained trader, but it would in fact be a confirmation signal. Getting in now would be the low-cost, high-reward move. |
| We’ll talk again soon. LIke I said, keep your eyes on your inbox. |
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