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Wealthpress

Global Stocks Rise as Investors Hope for More Economic Aid

Posted: 08 Jan 2021 06:54 AM PST

Global stock markets and U.S. futures rose this morning as investors anticipate more economic stimulus once President-elect Joe Biden takes office. 

And with the Democrats' full control in Washington, Wall Street is already expecting the Biden administration and Congress to deliver $2,000 payments to most Americans. That's why the market is so bullish right now. 

In Tokyo, Prime Minister Yoshihide Suga's new state of emergency asks people to stay home and avoid going out. However, officials don't have enough power to enforce strict lockdowns like the ones seen in other states. 

This is bad news for us, folks…

In today's video, I'll explain what unemployment data is reflecting in the stock market… why we need to pay close attention to the put/call ratio… where the biggest risk exists in the market… where to find the biggest profit opportunities… and an overview of the long-term bond market. 

 

P.S. 2020 was a volatile year, and who knows what 2021 will hold…

Luckily for you, I've come across a trading strategy that could bring you some calm during this market storm.

It's called "Trophy Trades," and over the course of 20 years, the man behind this strategy has won 206 of his 213 trades…

In fact, the Trophy Trades system gave Chuck — a 10-time trading champion — and his followers the chance to earn $13.5 million! 

All you have to do is click here to learn how you can assess these trades. 

The post Global Stocks Rise as Investors Hope for More Economic Aid appeared first on Wealthpress.

Learning a Lesson From 3D Systems Stock

Posted: 07 Jan 2021 02:18 PM PST

If you've been following me, you know 3D Systems Corp. (NYSE: DDD) is a ticker I've had my eye on for a while. Based on its recent performance, there's a lesson to be learned from the 3D Systems stock.

This isn't the first time I've used 3D Systems to teach a lesson about trading. I initially brought up this stock in early November during a live trading room session. When I filmed a video a few weeks later, it was up 13%. Today, the stock has climbed 90%.

One of the biggest keys to successful trading is to get in on stocks early. 

It's tempting to follow trends and want to get in as they're climbing higher and higher. But that's not the best way to get the most bang for your buck.

What You Should Take Away From 3D Systems' Stock Breakout

I talked about my days as a journalism student back in November. I explained that I had a professor ask us one simple question: "How would you advance the story?"

We had to figure out what other pieces of information we could add or link together to bring a new side to the story. That's a lesson that I carry over every day into trading.

The 3D Systems stock breakout is a perfect example of when advancing the story pays off.

You don't know the story of a stock just by looking at the chart. For a long time, this was a losing stock that many were tired of holding and losing patience with. Those people didn't advance the story.

If they had, they would have held on a little longer and would be seeing the benefits of an 87% increase in the course of the day… Or they would have gotten in early.

Dive into the story of 3D Systems stock with me and how we got to this breakout, so that you can take a lesson away from this. 

And as always, send your investing questions to jeff@yastine.com. Be sure to subscribe to my new YouTube channel to see all my videos. You can also follow me on  Twitter and Facebook.

P.S. If you're tired of staring at stock charts all day just to pick through Wall Street's crumbs, then you've come to the right place.

Forbes contributor Adam Sarhan will show you how to target today's most explosive stock market opportunities ahead of Wall Street's elite. 

You won't have to make risky market bets or get special brokerage permission to do it. 

Simply click here to start learning about Adam's little-known "Alpha Trades" and how they can transform your investment account. 

The post Learning a Lesson From 3D Systems Stock appeared first on Wealthpress.

Stock Market Recap: Thursday, Jan. 7, 2021

Posted: 07 Jan 2021 02:17 PM PST

Wall Street closed higher for the third straight session after Congress certified President-elect Joe Biden's victory in the Electoral College and formally recognized him as the next U.S. president — and more in Thursday's stock market recap. 

Better-than-expected jobless claims and optimism over more stimulus helped sentiment with the major indexes setting another round of record highs.

Stock Market Recap

The Nasdaq zoomed 2.6% after trading to a fresh lifetime peak of 13,090.

stock market recap

The Russell 2000 jumped 1.9% with the morning all-time high reaching 2,099.

stock market recap

The S&P 500 soared 1.5% following the intraday record push to 3,811.

stock market recap

The Dow was up 0.7% after trading to an all-time first-half high of 31,193.

stock market recap

Technology and Consumer Discretionary paced sector leaders with gains of 2.7% and 1.9%, respectively. Utilities and Consumer Staples were the only sector laggards after giving back 1.4% and 0.3%.

Stock Market Movers

Shares of 3D Systems Inc. (Nasdaq: DDD) skyrocketed 104% after the company said it sees fourth-quarter revenue coming in at $170-$176 million, versus current forecasts just below $140 million. 3D also sees fourth-quarter non-GAAP operating income in the range of $11-$19 million.

stock market recap

Stock Market Outlook 

The percentage of Nasdaq 100 stocks trading above the 50-day moving closed at 85.29%, up 9.80%. Near-term and lower resistance at 85%-87.50% was recovered. A move above the latter would indicate a retest towards 90%-92.5% and overbought levels from early December. Support is at 82.5%-80%.

The percentage of S&P 500 stocks trading above the 200-day moving average settled at 89.70%, down 0.79%. Current and upper support at 90%-87.5% was breached and failed to hold. A close below the latter would signal weakness towards 85%-82.5% and overbought levels from mid-November. Resistance is at 92.5% and the early December top.

Global Economy

European markets settled higher across the board.

France's CAC 40 and the Belgium20 rose 0.7% while Germany’s DAX 30 gained 0.6%. The Stoxx 600 was higher by 0.5% and the UK's FTSE 100 added 0.2%. 

Asian markets closed mostly higher.

South Korea's Kospi rallied 2.1% while Australia's S&P/ASX 200 and Japan's Nikkei soared 1.6%. China’s Shanghai was up 0.7%. Hong Kong’s Hang Seng fell 0.5%. 

U.S. Economy

Challenger reported layoffs rose 77,000 in December, with the 2020 total at 2,305,000. Up 134.5% year-over-year, compared to last December. However, the fourth quarter represented the fewest cuts of the year with 222,000, down -55.3% from the third quarter. The entertainment/leisure sector saw the highest number of announced layoffs for the year at 866,000, up 5,688% versus the 15,000 announced in 2019. Announced hirings fell -108,200 to 77,300 versus 185,500 in November.

Initial Jobless Claims declined -3,000 to 787,000, below forecasts for print of 815,000, and follows the -16,000 dip to 790,000 previously. This left the four-week moving average at 818,800 versus 837,5000. Initial claims not seasonally adjusted rose 77,400 to 922,100 versus the -28,200 slide to 844,700 previously. Continuing claims declined -126,000 to 5,072,000 while the insured unemployment rate was unchanged at 3.5%.

Stock Market Sentiment

The iShares 20+ Year Treasury Bond ETF (Nasdaq: TLT) fell for the fourth straight session with the afternoon low tapping $151.26. Prior and upper support from late March at $151.50-$151 was breached but held. A move below the latter would signal a further slide towards $150.50-$150.

Lowered resistance is at $152-$152.50.

stock market recap

Volatility Index

The iPath S&P Vix Short-Term Futures (NYSEArca: VIX) extended its losing streak to three sessions after testing an intraday low of 22.25. Current and upper support at 22.50-22 was recovered. A close below the latter would suggest a further slide towards 21-20.50.

Lowered resistance is at 24.50-25 and the 50-day moving average.

stock market recap

Stock Market Analysis

The Invesco QQQ Trust (Nasdaq: QQQ) was up for the second time in three sessions with the second-half and new all-time peak hitting $315.84. Fresh and lower resistance at $315.50-$316 was cleared but held. A close above the latter would indicate momentum towards the $317-$317.50 area.

New support is at $313-$312.50 followed by $310.50-$310.

RSI (relative strength indicator) is back in an uptrend with key resistance at 60 getting cleared and holding. Continued closes above this level would signal additional strength towards 65-70 with the latter holding since early December. Support is at 55-50.

Sector

The Industrials Select Sector SPDR Fund (NYSE: XLI) extended its winning streak to three sessions following the opening push to $90.18 and a new all-time peak. Unchartered territory and lower resistance at $90-$90.50 was cleared but held. A close above the latter would signal additional strength towards $91.50-$92.

Rising support is at $89-$88.50 followed by $87.50-$87.

RSI is in an uptrend after clearing and holding key resistance at 60. Continued closes above this level keeps upside towards 65-70 in play. Support is at 55-50.

Check back after the closing bell for the most important news and numbers in the WealthPress stock market recap. 

The post Stock Market Recap: Thursday, Jan. 7, 2021 appeared first on Wealthpress.

WPTV: 5 Predictions That Could Influence the Stock Market in 2021

Posted: 07 Jan 2021 01:13 PM PST

As we saw Jan. 6, our country has become heavily divided. 

The world paused as they watched the shocking footage released from the U.S. Capitol over the past 24 hours. 

Yet, while we fight amongst each other, the markets continue to move. That’s why we invited WealthPress Head Trader Roger Scott to sit down with WPTV host Jeff Yastine to discuss our thoughts on the best investments in 2021. 

Don’t let the chaos of our political turmoil distract you from the health and well being of your investments.

The post WPTV: 5 Predictions That Could Influence the Stock Market in 2021 appeared first on Wealthpress.

No. 1 Indicator Every Investor Trader Must Watch In 2021

Posted: 07 Jan 2021 12:05 PM PST

Do you know what index every single investor  should be watching in 2021? Understanding this one indicator will improve how you trade and invest in the stock market in 2021.

Here's a hint, it's how Wall Street spells fear: V-I-X.

The Cboe Volatility Index (VIX) is a real-time index that investors use to predict the stock market's volatility during the next 30 days, based on stock prices in the S&P 500. High volatility means a stock's price is moving around a lot. This usually leads to an unpredictable, riskier market since investors struggle to pinpoint the next rise or fall of a stock's price.

It doesn't matter if you're a stock trader, investor or option trader — understanding volatility is essential because it creates trading ranges and helps investors map out possible market trends…

And we'll need to be as prepared as we can get if we don't want to find ourselves in the same red positions we were in the last time the market bottomed out when COVID-19 hit in March…

The post No. 1 Indicator Every Investor Trader Must Watch In 2021 appeared first on Wealthpress.

The 2 Best Electric Vehicle Stocks to Watch in 2021

Posted: 07 Jan 2021 12:04 PM PST

The electric vehicle revolution has finally begun, and I want YOU to come along with me for the ride… 

With Democrats controlling the Senate and President-elect Joe Biden pledging to transition the U.S. economy away from the oil industry, electric vehicle stocks have become the stocks to watch in 2021. 

The electrification of transport is now one of the major trends of the 21st century! 

So with that being said, I've decided to give away two electric vehicle stocks to watch in 2021 that stand to see substantial upside in the months to come. 

2 Electric Vehicle Stocks to Watch in 2021 

The one-year surge of 1,392% in China-based electric carmaker Nio Inc – ADR (NYSE: NIO) stock's price (and let's not forget about Tesla Inc's (Nasdaq: TSLA) 739% year growth) shows that investor excitement about electric vehicle stocks is only increasing in momentum. 

And this trend is likely to continue as we head further into 2021, especially in light of the new political direction that will be driving the U.S. economy over the next four years. 

Come on. Let's be honest here. 

That's why I've decided to give away two more electric vehicle stocks to watch in 2021. I believe these two electric vehicle stocks will show substantial upside over the next few quarters.  

You're going to love the first stock I've picked out for you today. It's a Chilean chemical company that manufacturers and sells industrial chemicals like lithium and iodine to over 60 countries around the world. 

And according to my research, it's the second-largest lithium producer behind Albemarle Corporation (NYSE: ALB), one of the electric vehicle stocks to watch I mentioned in this video. 

But the most compelling reason to own this stock is because its mining firm is located within the so-called "Lithium Triangle," a region of the Andes rich in lithium reserves near the borders of Argentina, Bolivia and Chile. 

You'll want to keep your eye on that "Lithium Triangle." That's where the money is, and where the second company on my list of electric vehicle stocks to watch in 2021 also resides. 

Check out today's video to reveal both of these tickers and then share your opinion about all of this in the comment section below. What are your thoughts? Do you think these are the two electric vehicle stocks to watch in 2021? 

 

P.S. Last year, 10-time trading champion Chuck Hughes took a $4,600 starter account and turned it into $67,268. 

This same strategy gave Chuck's readers the chance to go 20 years without posting a single down year. 

It was clear to us that Chuck had managed to crack the stock market code — and we wanted to learn his secret. So I sat down with him for an exclusive interview and asked him to reveal his winning strategy…

And luckily, we got that conversation on tape. 

Click here to watch our conversation.

The post The 2 Best Electric Vehicle Stocks to Watch in 2021 appeared first on Wealthpress.

3 Things To Do When Your Stocks Go Down

Posted: 07 Jan 2021 12:00 PM PST

Unfortunately, when the stock market goes down so do the value of your stocks — there's no way to avoid this. It's easy for first-time traders to automatically go into panic mode and make rash decisions to "save" their portfolio when something like this occurs.

What ends up happening in this scenario is that traders will either try to take all their money out of the stock market, or rush into a trade too late for any type of profit. What they should do instead is pause and ask themselves what to do when stocks go down.

What To Do When Stocks Go Down

Investors always remember their first time… experiencing a down market and how unsettling it is to see their stocks drop.

You wake-up one morning and find out that all your stocks are down, your positions are in the red, volatility is high and the S&P 500 is hitting all-time lows. And on top of that, the Nasdaq is tumbling and growth stocks are getting their butts kicked (all of which we've witnessed in 2020).

What do you do?

How do you manage your current and future positions while figuring out your next entries? Do you have a game plan?

The first thing we like to do when our stocks go down is look at the overall picture. We like to figure out whether the stock market is being affected because of short-term headline news, like oil. If that's not the case, we then look to see if the news is a total game changer for the markets, like warning signs of an economic number that could prolong recovery or changes coming from the Federal Reserve.

When something big like this happens, the second thing we like to do is scale down our positions (so instead of buying 10 options contracts, we'll settle on two) and ask ourselves: If stocks continue falling, do we still want to hold them?

And if we don't, we'll just cut them out. We can always get back in the position — stocks aren't going anywhere. 

The third step we like to practice when we're experiencing red days is to avoid panicking, trade small and be prepared. 

And believe it or not, we've come to find out that new traders struggle with this step the most…

Watch the video below to get more information on what to do when your stocks go down. And as always, make sure to leave a comment below to let us know what you think. What’s your favorite strategy to use when stocks are down? Let us know!

The post 3 Things To Do When Your Stocks Go Down appeared first on Wealthpress.

A New Era of Sectors to Invest In

Posted: 07 Jan 2021 11:07 AM PST

A new president, a new congress, how do you trade it? WealthPress Head Trader Roger Scott and I sat down to discuss which sectors to invest in as we begin 2021 — and we even have some picks for you.

After yesterday's Senate runoff, the United States is looking ahead to a new era as we ride the "blue wave." 

Many people are worried about the impact of having the Democratic party rule both the executive and legislative branches of government. 

But according to Roger, the best bull runs have come under Democratic control. You just have to know which sectors to invest in. 

So what are they? And what ones should you avoid?

One group to note is the FAANG stocks — the five big American tech companies: Facebook Inc. (Nasdaq: FB), Amazon.com Inc. (Nasdaq: AMZN), Apple Inc. (Nasdaq: AAPL), Netflix Inc. (Nasdaq: NFLX) and Alphabet Inc Class A (Nasdaq: GOOGL). 

They've been lagging since they peaked in September, and that's giving most a negative outlook on the Nasdaq 100… There is one sector of the Nasdaq that should be watched though.

Know Which Sectors to Invest In… And Which to Avoid

Roger is bullish on semiconductors, the second-biggest sector in the Nasdaq 100. They're different from typical Nasdaq stocks and don't always correlate with the performance of the rest of the index. 

In other words, don't lump semiconductors in with FAANG when thinking of sectors to invest in.

Semiconductors are companies that make computer chips and other parts, including companies like Intel Corp. (Nasdaq: INTC) and NVIDIA Corp. (Nasdaq: NVDA).We have thoughts on these as well.

In a recent video, Roger pointed out one particular stock that I like as well, and it's in the semiconductor sector.

Another sector to talk about is REITs, which took a big hit during COVID-19. The expectation is that, after the vaccine, those will return to normal and trend upward. But is that really the case? Or is this another group to avoid?

Watch the video below to find out what we think of REITs and get our top sectors to invest in as we begin this new era.

P.S. Last year, 10-time trading champion Chuck Hughes took a $4,600 starter account and turned it into $67,268. 

This same strategy gave Chuck's readers the chance to go 20 years without posting a single down year. 

It was clear to us that Chuck had managed to crack the stock market code — and we wanted to learn his secret. So WealthPress Head Trader Roger Scott sat down with him for an exclusive interview and asked him to reveal his winning strategy…

And luckily, we got that conversation on tape.

The post A New Era of Sectors to Invest In appeared first on Wealthpress.
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