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FOMO watch: Is the top in on this market

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JUNE 07 2023
 
   
JEFFRY TURNMIRE’S MARKET MONSTER
Don’t get FOMO thinking we’re going higher…
 
 
 

Lots of traders are catching FOMO Fever (Fear Of Missing Out)… But you’re going to want to sit tight…

That’s because Jeffry tells us that we’re closer to a local top in the market than we are to the next leg higher… But it’s not all bad news. With a slew of economic data coming out next week, there’s a good chance we’re going to see a volatility spike. And Jeffry’s got a play on SVXY that you are going to want to look at.


 
GUY COHEN
Wall Street’s “Shell Game” (Now Exposed!) 
 

Yesterday I mentioned that I think of the stock market being a lot like a shell game.

You know the old con: While the street hustler is shuffling a ball under some cups, you’re trying to keep up with where the ball is going…

And when all the shuffling is done, you’re absolutely sure you know where the ball is.

But then you point to the cup you choose, the hustler gives you a conciliatory “sorry buddy!”, as he shows you that the ball is somewhere else.

It’s not your fault, though. These games are rigged and you were never meant to win in the first place!

Anyone who has traded these markets and had a “sure thing” trade go the opposite way knows exactly what I’m talking about.

But just like the shell game, it’s not your fault!

The amount of money and resources available to market insiders practically guarantees that the stock market game is set up for you to lose…

That’s because Wall Street “smart money” doesn’t play around with buying and selling shares when they’re trying to take your money.

Smart money insiders know that they have to bury their intentions through the use of sophisticated options plays.

And for decades, all of this options activity was hidden away from regular traders.

But I’ve just released a presentation that shows you how I’ve been conducting “Wall Street Raids

But contrary to what you might think, I’m NOT going toe-to-toe with big Wall Street players.

That’s because I’ve found that with all their massive resources, it’s nearly impossible to beat Wall Street at their own game.

So what’s a smart trader to do?

Well my U.S. patented software lets me peek behind the curtain at the flurry of options activity that Wall Street insiders use to hide their intentions.

As they say: “When you can’t beat them, join them!”

So whether the market is going up… or down as it’s looking like it might right now…

You can see exactly where the smart money is building their positions.

If you’re tired of being tricked by the Wall Street shell game, you owe it to yourself to check out my presentation right here.

See you then.
Guy Cohen
SCOTT WELSH
Time for Summer Blockbusters? (CNK)
 

It’s summertime in the U.S., and you know what that means.

Summer movie blockbusters!

What has Ethan Hunt gotten himself into this time?

But does that mean the movie sector is ready to thrive?

It appears that way. 

The Leisure-Movies sector is one of the top 25 in the world and Cinemark (CNK) is one of the top 5 stocks in that sector.

And CNK is above its long-term moving average.

And it’s breaking out right now:

 
 
We were looking for a break above $17.60 and we just got it.

A possible target could be up at $23 or a trader could ride this possible blockbuster as long as it stays above the moving average (MA).

A stop could be placed at $15 or below the MA.

Happy trading,

Scott
   
 

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