Wealthpress |
- Buy It and Burn It: E-Commerce Matchup — Amazon vs. Alibaba
- Stock Market Update: Wednesday, Dec. 23, 2020
- Why the Apple EV News Is a Sign It’s Time to Dump the Stock
- Get Your Mind Right: Trading Mindset Hacks
- 5 Low-Risk Investments for 2021
- HAVN Life: Is the Shroom Boom the Future of Mental Health?
- From Bye Weeks to Buying Stocks: What Football Can Teach Us About Market Timing
- Don’t Be Afraid to Add Options to Your Portfolio
- Drone Stocks: 1 ‘Turkey’ to Avoid and 2 ‘Eagles’ to Watch
- A Slap in the Face: The Impact of the Stimulus Package
| Buy It and Burn It: E-Commerce Matchup — Amazon vs. Alibaba Posted: 24 Dec 2020 09:39 AM PST Hey guys, I hope everyone is having a great holiday season! Before we wrap up the year, I have one more special "Buy It and Burn It" segment for you: Amazon vs. Alibaba. Around this time of year, we talk about Amazon.com Inc. (Nasdaq: AMZN) a lot. Especially this year, when people are more likely than ever to have Christmas presents delivered to their door. But what about fellow e-commerce giant, Alibaba Holdings Group Ltd – ADR (NYSE: BABA)? It's hard to mention one without the other. Amazon is the worldwide leader in e-commerce, and Alibaba has a hold of the enormous Chinese market. But when it comes to stocks, who's your pick in Amazon vs. Alibaba? This is a classic trade in my Money Links program, and now I have a perfect opportunity to revisit it. Amazon vs. Alibaba Under a New PresidentThere's been a lot of talk about the clean energy sector under our new president, and how that's where your money should go. But what can we expect in foreign relations? It's no secret that U.S.-China relations under President Donald Trump were not anything pleasant. As WealthPress Head Trader Roger Scott and I discussed yesterday, many people expect an improvement under President-elect Joe Biden, Jr. That could open the door for Alibaba to gain some serious attention in the stock market — especially given that China has had one of the best economies throughout COVID-19. Amazon, on the other hand, is always a consistent performer and is one of the biggest companies in the world. The strategy here is one of my favorites. It's something I discussed about a month ago: You short one stock, and buy the one that's eating its lunch. So who wins the battle of Amazon vs. Alibaba? Find out in my latest "Buy It and Burn It" segment below. P.S. Record volatility has some investors acting like gamblers with their retirement funds. Chasing lost money… panicking and buying… It's sad, guys. Casinos can be fun, but leave the gambling mentality at the door when you're trading. If you can keep your head on your shoulders… and work a solid plan like us, history shows these markets are exactly where you can make your money. The post Buy It and Burn It: E-Commerce Matchup — Amazon vs. Alibaba appeared first on Wealthpress.  |
| Stock Market Update: Wednesday, Dec. 23, 2020 Posted: 23 Dec 2020 03:14 PM PST Wall Street settled higher after President Donald Trump called the new economic stimulus bill unsuitable, calling for an increase in direct payments to $2,000 from the current $600 — and more in Wednesday's stock market update. Despite his remarks, expectations remain high a compromise will be reached and a bill passed in the near-term. Bullish news on the vaccine front also lifted sentiment after Pfizer Inc. (NYSE: PFE) said it will provide 100 million additional doses to the federal government. Stock Market UpdateThe Russell 2000 soared 0.9% after tapping another record high of 2,011.  The Dow added 0.4% following the late-day push to 30,292.  The S&P 500 nudged up 0.1% with the afternoon peak reaching 3,711.  The Nasdaq was down 0.3% despite testing a fresh lifetime high of 12,841.  Energy and Financials led sector strength with gains of 2.2% and 1.6%, respectively. Real Estate and Technology paced sector laggards after giving back 1% and 0.9%. Stock Market MoversFuboTV Inc. (NYSE: FUBO) fell 14% after an analyst downgraded the stock to "Market Perform" from "Outperform" following the stock’s recent surge. Shares had more than doubled from just below the $30 level to a 52-week peak of $62.29 in the previous four sessions.  Stock Market OutlookOverall trading remains light during the Christmas week and will continue into Thursday's half-session with the stock market closed on Friday. Next week will be normal hours for trading with the exchanges closed on Friday for the New Year holiday. Global EconomyEuropean markets showed continued strength. Germany’s DAX 30 and the Belgium20 jumped 1.3%. The Stoxx 600 and France's CAC 40 rose 1.1%. UK's FTSE 100 was up 0.7%. Asian markets closed higher across the board. South Korea's Kospi rallied 1% and Hong Kong’s Hang Seng was higher by 0.9%. China’s Shanghai gained 0.8% and Australia's S&P/ASX 200 advanced 0.7%. Japan's Nikkei climbed 0.3%. U.S. EconomyMBA Mortgage Applications rose 0.8% following the 1.1% rise in the prior week. The 12-month pace rose to 87.7% year-over-year from last week’s 75.3% clip. The increase was led by refis as the rate climbed 3.8%. The purchase index declined -4.6%. The 30-year mortgage rate inched up to 2.86% versus the previous record low of 2.85% while the five-year ARM rose to 2.71% from 2.58%. Initial Jobless Claims claims fell -89,000 to 803,000 following the 30,000 rise to 892,000 previously. This brought the four-week moving average to 818,250 from 814,250. Continuing claims sank -170,000 to 5,337,000 following the -274,000 dive to 5,507,000 previously. The insured unemployment rate dipped to 3.6% from 3.8%. Stock Market SentimentThe iShares 20+ Year Treasury Bond ETF (Nasdaq: TLT) fell for the first time in three sessions following the intraday pullback to $155.46. Current and upper support at $155.50-$155 was breached but held. A move below the latter would signal additional weakness towards $154-$153.50. Lowered resistance is at $157-$157.50 followed by $158-$158.50 and the 50-day moving average.  Volatility IndexThe iPath S&P Vix Short-Term Futures (NYSEArca: VIX) was down for the second straight session with the morning low reaching 22.13. Near-term and upper support at 22.50-22 was breached but held. A move below the latter would signal additional weakness towards 21-20.50. Resistance is 24-24.50 followed by 25.50-26 and the 50-day moving average.  Stock Market AnalysisThe iShares Russell Growth 1000 ETF (NYSE: IWF) fell for the third time in four sessions despite testing an all-time high of $240.14. Uncharted territory and lower resistance at $240-$240.50 was breached but held. A close above the latter would signal momentum towards the $242-$242.50 area. The fade and close at $238.21 held current and upper support at $238-$237.50. A move below the latter would signal additional weakness towards $236.50-$236. A close below the $235 level would indicate a possible near-term top. RSI is showing signs of rolling over after key resistance at 70 held. A move above this level would suggest additional strength towards 75-80 and prior levels from early September. Support is at 60 and the monthly low.  SectorThe Health Care Select Sector SPDR Fund (NYSEArca: XLV) was unchanged with the session high hitting $111.97. Near-term and lower resistance at $111.50-$112 was breached but held. A close above the latter would signal a possible retest towards $113-$113.50 with the early November all-time high at $114.41. Support is at $110.50-$110 with backup help at $109-$108.50 and the 50-day moving average. RSI has flatlined with lower resistance at 55-60 holding. A close above the latter would signal additional upside towards 65-70. Key support is at 50 and a level that has been holding since mid-November.  Check back after the closing bell for the most important news and numbers in the WealthPress stock market update. The post Stock Market Update: Wednesday, Dec. 23, 2020 appeared first on Wealthpress.  |
| Why the Apple EV News Is a Sign It’s Time to Dump the Stock Posted: 23 Dec 2020 12:55 PM PST Every so often, great companies make terrible mistakes. They don't seem like mistakes at the time. Often, the decision is cheered by all when first announced. Only later, as problems pile up, does it begin to dawn on a company's executives that… "Gee, maybe this wasn't such a good idea." That's what I think is destined to happen to Apple Inc. (Nasdaq: AAPL) with its recently announced plans to build an Apple electric car, otherwise known as an EV. In fact, CEO Elon Musk claims he offered to sell Tesla Inc. (Nasdaq: TSLA) to Apple some years ago during the worst of its growing pains. Musk said he couldn't even get a meeting with Apple CEO Tim Cook.
So why would Cook be looking to build an Apple EV now? Jumping the Shark: The Apple EV Is a Bad Idea WealthPress’ Jeff Yastine I interviewed some of the top CEOs in the world in my former life as a financial journalist. They never admit it, but they're as susceptible as any ordinary person to FOMO — fear of missing out. In the case of Cook, he passed on investing in Tesla, whose stock became a huge winner the past year (Tesla opened 2020 at $86 a share and will end it near $650). Meanwhile, the pressure builds for Cook to "do something" — like float the idea of an Apple EV — and hope for a similar splash with his company's stock. If you wanted a clear-cut reason to sell the stock — and I mean sell it and don't look back — this would be your moment. You'll get a price near an all-time high for a company at "peak valuation," and at a level of enthusiasm for its shares I think is unlikely to be rivaled again for a long time. I understand why people might think an Apple EV is a great idea. Electric vehicles are basically rolling technology platforms with a few big batteries and massive amounts of computing power stacked on top. Apple, as a premier tech company, would seem pre-ordained to be a clear-cut winner once it starts production of an EV, slated for 2024. I mean, if Tesla can build an iconic EV, why not Apple? Check out my short video and let's delve further into why the Apple EV is a bad idea. Then share your thoughts below. And as always, send your investing questions to jeff@yastine.com. You can also follow me on Twitter and Facebook. P.S. Earn Thousands Before the Market Even Opens Many people may not know this, but the most important work traders do happens before the opening bell each morning on Wall Street… Premarket trading helps investors and speculators develop a plan of action for that day to stay ahead of this crazy and unpredictable market — which I think is a bubble. And lately I've been receiving helpful tips and tricks from the world's No. 1 premarket trader — alerting me to trades based on signals happening before the opening bell. If you'd like to get in on these trades, too, just click on the button below! The post Why the Apple EV News Is a Sign It's Time to Dump the Stock appeared first on Wealthpress.  |
| Get Your Mind Right: Trading Mindset Hacks Posted: 23 Dec 2020 11:28 AM PST Mentality is everything. All of the trading knowledge and strategies in the world won't help if you're not mentally prepared. Sure, it's important to know what you're doing — but this job is not for the faint of heart. When you go to bed at night and when you wake up in the morning, your mindset is important. We do this all the time — we dream about our dream house, job, etc. That goes double for trading! This can be a stressful job where nothing is guaranteed. That's why making sure you are in the right mind is key Visualizing your goals is a big part of having the right frame of mind for trading. Making those goals a reality, however, involves a certain type of trading mindset. We like to call it process visualizing. Check out this video to get your mind right with our trading mindset hacks: The post Get Your Mind Right: Trading Mindset Hacks appeared first on Wealthpress.  |
| 5 Low-Risk Investments for 2021 Posted: 23 Dec 2020 11:26 AM PST The main focus of these videos is to show you all of the strongest stocks and sectors I'm currently watching. But today, I wanted to switch it up. The reason for that is simple: The number of weekly jobless claims came out better than expected. So in today's video, I thought I'd give you a quick update on this week's unemployment numbers along with five low-risk investments you'll want to take advantage of in 2021. Jobless Claims UpdateIf you guys remember this video from last week, unemployment numbers had me pretty nervous because the number started to go back up. Yet 803,000 Americans applied for unemployment benefits in the week ending on Dec. 19, beating the consensus of 875,000. That's also a drop off from the 850,000 people that applied for first-time benefits the previous week. I typically don't put too much weight into jobless claims, but right now it's important because the market is focused on retail data and unemployment levels. Are people seeing employment? Are they unemployed? How is that impacting the global economy and consumer confidence? So again, this is good and important news. 5 Low-Risk Investments You'll Want to Make in 2021I'm aware that a lot of people like using Elliott Waves and Gann Indicators. However, I've ran tests on both of those things and haven't been able to make heads or tails out of either. But what I have figured out is that markets have two primary trends. In other words, they move vertically and horizontally. Simple enough, right? The longer an asset moves directionally, the better the odds it will start moving sideways. The more an asset moves sideways, the better the odds it will start moving vertically. This doesn't tell you which way it's going to go, but if it's moving vertically, it'll go up or down. So the longer something congests, the stronger the breakout will be — whichever direction it may go. And I like to purchase low-risk investments that are moving directionally, but also pause to move sideways. Kinda like what the first stock on my list of low-risk investments is doing right now. Check out the video below to reveal this ticker and the next four on my list of low-risk investments for 2021. Be sure to leave a comment with your thoughts in the section below.
P.S. With Christmas just around the corner and the new year fast approaching, time is running out to prepare your portfolio for the first quarter of 2021. We want to help you plan for anything that might come your way this holiday season — while still keeping a lookout for new trade opportunities on the horizon. So, we have one more gift for you before we close out the year. It's a free class that will teach you how to find stocks that go up on specific dates like clockwork — regardless of what their technicals or fundamentals say! You can start using these insights to your advantage as early as this week. Simply click here to start your free class. The post 5 Low-Risk Investments for 2021 appeared first on Wealthpress.  |
| HAVN Life: Is the Shroom Boom the Future of Mental Health? Posted: 23 Dec 2020 11:24 AM PST HAVN Life Sciences Inc (OTCMKTS:HAVLF) is a brand new public company with a mission to be the future of psychedelic medicine. The shroom boom is in full effect, so we sat down to talk about how HAVN is differentiating itself within this emerging space. Former Aphria Inc (NASDAQ:APHA) CEO, former Jamieson Wellness Inc (TSE:JWEL) CEO, and now HAVN Life Sciences Executive Chairman Vic Neufeld has vast experience in both the health & wellness and once-illegal drug space. We sat down with Vic to discuss his new tenure and his thoughts on the psychedelic market. We discuss the key compounds HAVN is using which elicit the best response for illnesses such as PTSD, anxiety, depression, addiction, and more… We also find out about the company's natural health products, using non-magic mushroom, custom formulations to support healthy bodily functions. Watch this exclusive interview to find out the latest from HAVN Life Sciences and psychedelic medicines. The post HAVN Life: Is the Shroom Boom the Future of Mental Health? appeared first on Wealthpress.  |
| From Bye Weeks to Buying Stocks: What Football Can Teach Us About Market Timing Posted: 23 Dec 2020 11:17 AM PST After starting the season a perfect 11-0, my beloved Pittsburgh Steelers have had a rough few weeks. Thanks to an outbreak of COVID-19 in the Baltimore Ravens camp, their game originally slated for the end of November was pushed back all the way to Wednesday, December 2nd. Although they ultimately pulled out a win, they lost key outside linebacker Bud DuPree in the process to a torn ACL. And worse, the rescheduling meant just four days of rest between one of the most physical games played every NFL season and the Steelers' next matchup with the Washington Football Team… a name that still makes me laugh every time I see it. Unsurprisingly, the wheels came off as the game went on. Cornerback Joe Haden sustained a concussion just as opposing quarterback Alex Smith was heating up, and a late interception sealed Washington's comeback. Fatigued and down two key defensive players, Pittsburgh's wide receiver corps dropped pass after pass and never got going against the Buffalo Bills in Week 14. And following an injury to offensive lineman Kevin Dotson, it was quarterback Ben Roethlisberger who performed terribly in last night's embarrassing 27-17 loss to the woeful Cincinnati Bengals. To top it all off, Hall of Famer and former Pittsburgh Steelers linebacker Kevin Greene passed away at the far-too-young age of 58… just not a good run for Steeler Nation. So, while I had some hopes that my old college classmate Mike Tomlin might get another shot at a Super Bowl this year, the chances appear to be waning. Bye-Bye, ByeIf you want my honest guess as to why this season worked out as it has for the Steelers, we actually have to look back a few more weeks. The team was supposed to play the Tennessee Titans back in week 4, but that game was suspended due to a COVID-19 outbreak on the Titans' squad. Ultimately, that left the Steelers with an early bye week instead of a later one. In other words, not only did the team have to play three games in 11 days, they did so on top of three consecutive months of work. That's an important concept, because in order for a team to get hot, it has to be well-rested and healthy. But in order to win a Super Bowl, a team has to be well-rested and healthy at the right time. And as it turns out, so do investors. Buy! Buy! Buy!Just like Pittsburgh's game schedule was altered by human behavior this year — which in turn altered their season-long training strategy — our trading approach must be similarly set up to react to human behavior. Human beings are creatures of habit after all, and professional traders are no different. In general, a professional will spend at most the first hour of trading — from 9:30-10:30 a.m. — adjusting their positions for the day. In nearly 15 years as a professional industry analyst, I have never had an in-person meeting with a banker during that time frame. The next hour is usually spent on calls, in meetings or doing research. As a result, trading volumes peak at the open, then slide, then flatten out… today's action in Apple Inc. (Nasdaq: AAPL) shows that rather clearly.  Source: Bloomberg That means that the morning highs and lows generally happen in this time frame, and if you're looking for an optimal entry/exit point, your attention should be focused here.  Source: Bloomberg If you're looking to buy, and the stock's price trend is moving in your favor (up, in this example), it's perfectly reasonable to get in at the open. If instead it's moving away from the direction you want it to go, you must exercise discipline and wait. The trend will likely slow and reverse once traders leave their desks and head to meetings in the 10-10:30 a.m. time frame… just be patient. Professionals will generally return to their desks around 11-11:30 a.m. EST, as that's when Europe's stock markets close. If there's any genuine addressable action, you'll see it in a volume spike and accompanying price move. After that, traders begin to head to lunch, usually followed by more calls and meetings. And during that "lazy lunchtime" from 12-2 p.m., market volume declines dramatically, leaving only algorithms to move prices around. These algorithms generally buy equities on a Volume-Weighted Average Price (VWAP) basis. This trend, also exhibited by Apple stock today, is evident by prices that are moving at a 45-degree angle.  Source: Bloomberg In this case, without any people at their desks to sell, the market is only left with buyers, so the stock goes up. If the underlying trend were working in the other direction, the trend would be flat to down. The next period to pay attention to is the close, from 3:30 to 4 p.m. In general, this is the highest-volume action on the day, with both "algos" and professional traders actively settling their day's activity.  Source: Bloomberg Most days, this time period tends to trend up, as Apple did in the chart above. When the trend is going in your favor, that makes the close a good time to sell. And the reverse is also true – when the trend is going against you, the close is a good time to buy. Timing TakeawaysSo, in total, there are four situations we encounter. When we're buying and the trend is in our favor, I find it best to get in at the open, or if that's not possible, sometime around the Europe close. When we're buying, and the trend is against us, we have to wait. Lows are typically made between 10-10:30 a.m., around 12 p.m., or between 1 to 2 p.m., and that's where we want to get money in. The opposites are true when selling. When the trend is with us at the open, we have to wait, as highs will generally be put in around 10-10:30 a.m., around 1 p.m., or at the close. But when we're selling and the trend is against us, we want to do so at the open, sometime around the Europe close, or toward the end of lunch. On that note, if you were following directions when we got into Direxion Daily Small Cap Bull 3X Shares (NYSEArca: TNA), your 3% trailing stop would have hit on Friday at close when the market turned around at a slight profit. If not, selling now is fine as it's back up near all-time highs. Similarly, the ¼ stake in iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS: VXX) posted a solid gain too, so selling to take profits here seems reasonable. As traders head home for the holidays, only algorithms will be left, and volumes will be slim. As such, I expect markets will grind up slowly until the New Year. And until then, just like those NFL teams, our portfolios need to be healthy and well-rested… so we can get hot at the right time. All the best, Matt Warder The post From Bye Weeks to Buying Stocks: What Football Can Teach Us About Market Timing appeared first on Wealthpress.  |
| Don’t Be Afraid to Add Options to Your Portfolio Posted: 23 Dec 2020 11:11 AM PST Options can be an intimidating investment prospect for new and experienced traders alike, but as you're about to see, they really aren't all that scary. In fact, they have two main advantages over traditional stock investments. See, when most people think about trading stocks, they either think of penny stocks that you can trade with a small account (but that are very volatile), or day trading that requires you to have a massive account (usually $250,000 just to start). So, you're either taking on a lot of risk by trading cheap penny stocks, or you're shelling out a boatload of money up front to own more stable companies. Now, when you buy options, you're buying a contract that gives you the right to buy or sell 100 shares of a stock at a specific strike price by a certain expiration date. Right off the bat, you already know how much risk you're taking on because the most money that you can lose on an options trade is the initial premium you paid for it. Compare that to a stock, which can end up costing you more money than your initial investment if it drops below your purchase price. So, you've got limited downside risk with options versus potentially limitless risk with stocks. Options also require less upfront financial commitment than buying shares of a company outright, so you can trade them with a much smaller account — often starting with as little as $2,000. Let's look at a real-life example of how this works. Say you want to buy 10 shares of Apple at $100 per share. That's going to cost you $1,000 upfront, which can tie up most of your portfolio if you're starting with a smaller account. Instead, you decide to buy one call option of Apple, representing 100 shares of Apple's stock. In this scenario, that call option is only going to cost you $1, or $100 total. (That's $1 multiplied by 100.) Now, you get to control 100 shares of Apple instead of just 10. And let's say that stock goes up $5 over the next week. If you'd just bought common stock of Apple, you'd make $5 per share. So, you'd come away with $50 if you own 10 shares of Apple. But if you bought the call option for $1 and Apple's stock went up $5, that call could go from $1 to $2 in just one week — which would double your money. AND your risk was only $100 instead of the $1,000 that would have been tied up by buying Apple's stock itself. I don't know about you, but that sounds like a pretty good deal to me. So the next time you want to add positions to your portfolio, consider giving options a try. Not only is it a tool that advanced and professional traders use, but they can also significantly boost your portfolio in record time. Until next time, The Future of Wealth The post Don't Be Afraid to Add Options to Your Portfolio appeared first on Wealthpress.  |
| Drone Stocks: 1 ‘Turkey’ to Avoid and 2 ‘Eagles’ to Watch Posted: 23 Dec 2020 11:04 AM PST These days, if you're investing in drone tech and looking for drone stocks to watch, keep these words in mind… If the wind blows hard enough, even a turkey can fly. In today's video, we'll discuss one drone stock that I am avoiding, and two more that are eagles… These two drone stocks to watch should continue to gain altitude long after the current stock-buying mania (which is a bubble) subsides. Before I tell you the names of those companies, there's an important investing lesson in all this. A lesson about the aforementioned turkey that can fly if it catches the right tailwind… Turkeys, in my example, are companies that have little in the way of revenue or profit. But they also have business plans that require investors to take huge leaps of faith. Risk-taking is part of any business, so I'm not saying there's anything wrong with it… or that a company won't succeed. But the potential problem is that when investor faith runs out — when the "buying" tailwinds die down — there may not be anything else to prop up the stock. On the other hand, eagles are stocks that already have a history of demonstrated sales, cash flow and profit, which tends to help their share price do well over long periods. Drone Stocks to Watch: 1 Turkey and 2 EaglesWealthPress’ Jeff Yastine For instance, many keep asking me about AgEagle Aerial Systems Inc. (NYSEAmerican: UAVS). It may have "Eagle" in its name, but it's a turkey. I've said to avoid the stock and continue to say that now. In past quarters, the company said its focus was using drones to help farmers manage their crops. More recently, it seems to be shifting focus into being a contract manufacturer of drones. But investors have to take a big leap of faith here. According to its reported numbers, revenue is growing but tiny — $3 million in sales so far this year. Yet AgEagle is a long way from profitability, with a widening amount of red ink in both cash flow and bottom-line losses. And the company continues to offer more and more stock for sale. The number of shares available has more than quadrupled to nearly 30 million in the past few years. Those offerings generate cash for the company, but also dilute the value of existing shareholders' stakes. And yet the stock price has more than doubled in value to more than $7 over the past few trading sessions. Perhaps the shares can keep moving higher. If you made money in the stock, great! Just keep in mind the difference between short-term speculation with investing over a long period of time. When it comes to eagles, I see two drone stocks to watch. Check out my short video and let's talk about the eagles in the drone stock sector. Then leave your thoughts in the comments below. And as always, send your investing questions to jeff@yastine.com. You can also follow me on Twitter and Facebook. P.S. This Technology Could Kill 5G The most connected man in early stage investments is making the BIGGEST reveal of his career… A $15 trillion technology that could kill 5G as soon as January 2021! Those who took action already had the chance to claim gains like 515%… 960%… and 1,267%. You don't want to miss this! We're in the first inning of the largest tech disruption since the internet. You'll Want to Get in Here Now! The post Drone Stocks: 1 'Turkey' to Avoid and 2 'Eagles' to Watch appeared first on Wealthpress.  |
| A Slap in the Face: The Impact of the Stimulus Package Posted: 23 Dec 2020 10:20 AM PST The big news this week was that Congress finally came to an agreement on Sunday — and it was a slap in the face. WealthPress Head Trader Roger Scott and I sat down this week to talk about Tesla, Christmas and the impact of the stimulus package. With Christmas just a couple of days away, we were all hoping for some sort of payout to take some pressure off as the pandemic continues. I wish I had a magic trade in my back pocket for you today. I'm sorry, guys. When the announcement came over the weekend, we got excited… for a second. Then we read the details and this week we've seen the impact of the stimulus package on the stock market. People were disappointed, and rightly so — $600 feels like, I'll say it again, a slap in the face to taxpayers. With little chance of a Christmas rally, I think all of us were ready for some good news, and that wasn't it. It may not all be doom and gloom, though. Moving on From the Impact of the Stimulus PackageAs disappointed as taxpayers must be, the stock market doesn't stop going forward. It has already moved past the stimulus. That means that we have to move on as well. We have to adapt to the market in order to succeed. The impact of the stimulus package might have been small, to say the least. There are still ways to make money and prepare yourself. As we've said a lot, we're in a bubble right now, and it looks close to bursting. Luckily, Roger and I have some ideas on how you can make some money right now, and get ready for that burst. Check out our mid-week roundtable as we give you our thoughts on moving past the impact of the stimulus package, or lack thereof. P.S. You guys may not know this, but the most important work traders do happens before the market opens… Premarket trading helps investors and speculators develop a plan of action for that day to stay ahead of this crazy and unpredictable market. And lately I've been receiving helpful tips and tricks from the world's No. 1 premarket trader — alerting me to trades based on signals happening before the opening bell. If you'd like to get in on these trades, too, just click! The post A Slap in the Face: The Impact of the Stimulus Package appeared first on Wealthpress.  |
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