Never Ever buy the dip... Do this instead

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Dear Phan,

"Buy the dip!" screaming analysts yell at you when a stock craters.

I shake my head sadly... it's a trap...

Please... Don't ever, ever, ever do this again. You're risking your entire livelihood on a hunch that a stock will magically bounce back a few points.

It's like picking up quarters in front of a steam roller!

Instead...

I trade full-time using a completely different strategy. I support my wife and our three kids using this strategy. It's a strategy I can hang over 30 years of trading on.

The strategy is trading on momentum.

I'm giving away how to start doing it yourself for free today in my book, "The Little Black Book of Momentum Setups."

Normally I'd charge for it...

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30-year momentum trader

To accept this special invitation, click here.

 
Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 25745.67 -141.71 -0.55%
NASDAQ Composite 7728.97 +5.02 +0.07%
S&P 500 CASH 2824.23 -8.34 -0.30%
SPDR S&P 500 281.66 -0.74 -0.27%
iShares Russell 2000 ETF 153.37 -1.17 -0.75%
U.S. STOCK INDEXES https://quotes.ino.com/exchanges/?c=indexes

The June NASDAQ 100 was steady to slightly higher overnight as it extends the rally off December's low. The mid-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off December's low, the 87% retracement level of the October-December-decline crossing at 7524.41 is the next upside target. Closes below the 20-day moving average crossing at 7221.09 would confirm that a short-term top has been posted. First resistance is the 87% retracement level of the October-December-decline crossing at 7524.41. Second resistance is the October 3rd 2018 high crossing at 7767.00. First support is the 20-day moving average crossing at 7221.09. Second support is the 50-day moving average low crossing at 7005.48.

The June S&P 500 was steady to slightly lower overnight. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 2802.58 would confirm that a short-term top has been posted. If June extends the rally off December's low, the 87% retracement level of the September-December-decline crossing at 2879.73 is the next upside target. First resistance is Tuesday's high crossing at 2856.50. Second resistance is the 87% retracement level of the September-December-decline crossing at 2879.73. First support is the 20-day moving average crossing at 2802.58. Second support is the 50-day moving average crossing at 2733.54.



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