After a long search – years in the making – the Trade of the Day team finally found another strong trading pro that will deliver fresh ideas and insights in our daily newsletter.

I am proud to welcome JC Parets, aka “The Chart Whisperer”, to our contributor team.

JC is a former hedge fund manager and one of the most respected voices in technical analysis.

This week, JC will join Bryan Bottarelli for an MTA LIVE session to reveal why the crowd is wrong about today’s markets —and how you can find bull markets hiding in plain sight.You’ll discover hidden profitable trends others are missing, from European markets to Bitcoin’s potential path to $150K. trends others miss.

Going forward, JC will be a special weekly contributor in Trade of the Day.

In today’s article, he covers “The #1 thing you shouldn’t be doing right now.”

I think you will love JC’s contrarian trading style and easy to digest articles.

And if you are looking for more insights…

This week, JC will join Bryan Bottarelli for an MTA LIVE session to reveal why the crowd is wrong about today’s markets — and how you can find bull markets hiding in plain sight.You’ll discover hidden profitable trends others are missing, from European markets to Bitcoin’s potential path to $150K.

📅 When: Wednesday, April 30th @ 2 PM EST

🎯 What: The Earth is Full of Bull Markets: Why Everybody is Wrong About Today’s Market Opportunities

Don’t cook your profits in a microwave – join us live Wednesday!

Save to Your Calendar Here

– Ryan Fitzwater, Publisher

“Former resistance turning into support is not magic – it’s simply how supply and demand works in markets.”

JC Parets, CMT, Founder, TrendLabs

This is all you need to know about the stock market right now: Don’t fight Papa Dow.

Former resistance is turning into support – just like they draw it up.

This is what they teach you in Technical Analysis Kindergarten.

Before you could even read, they’re lecturing you about resistance and support.

We call that polarity. We’ve written about it a lot recently.

You’ll get used to me referencing former resistance turning into support and polarity… again and again and again.

It’s not because we’re working some kind of magic. It’s simply how supply and demand works.

And hearing it again and again and again is how I learned it.

You could fight Papa Dow.

You could also cook a steak in a microwave.

The Godfather of Technical Analysis

“Don’t fight Papa Dow” comes from one of my mentors, Mr. Ralph Acampora.

This chart explains why I don’t fight Papa Dow anymore:

What’s going on here is, the Dow Jones Industrial Average is finding support at former resistance – the principle of polarity is in play.

These are the prior-cycle highs. What happened was, in late 2021, early 2022 the last bull market ended.

And then, of course, all those ARK stocks got destroyed. Chinese internet stocks got destroyed. Everything and anything solar got destroyed.

And, of course, eventually we got out of it.

Semiconductors led the way up. Things got better.

The Dow was making new all-time highs, now it’s come off from those levels. It’s causing some problems in the market.

But – from a bigger-picture perspective – Papa Dow is still above the prior-cycle highs.

You know what we call that around here?

We call that “higher lows and higher highs.” Another word for those is “uptrends.”

And I’ve done the math: In bull markets, you tend to see a lot of uptrends.