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GUY COHEN’S MARKET MOVERS Earnings Could Give Us A Surprise The major indices remain overbought in terms of price, but there is still scope for upside in terms of breadth. With six of the big seven tech giants still to report, there’s room for surprises and one final push up. Keep things simple and trade what you see. For us that means focus only on the Big Money Footprints in the context of our three Master Keys. Avoid opinions and only trade the AAA setups breaking out from Key Levels. Here is this week’s watchlist: ![]() JEFFRY TURNMIRE Overcoming The Herd Instinct (plus two free trade ideas) "The herd instinct in the stock market is as powerful as it is among cattle on the range." - Jesse Livermore The Herd Instinct in Trading All too often traders act like cattle. They get into trades that they heard from a friend of a friend. Or from talking heads on TV. They see the herd moving in one direction and they follow blindly. But this is a recipe for disaster. The best trades are found by going against the herd — when everyone things it’s a bad idea. In other words, trade like a contrarian. But what does it mean to trade contrarian? It means to buy when everyone else is selling and sell when everyone else is buying. It's not easy to do, but it can be very rewarding. But you don’t want to blindly go against the crowd either, because as John Maynard Keynes famously said: "The market can stay irrational longer than you can stay solvent." So what’s the solution? If only a tool existed that was able to identify when the herd was about to turn. Over the past few days I’ve told you about such a tool. One that I spent over a year designing and coding myself. I call it the VVD indicator and it works by measuring price and volume. But not just regular volume. It actually determines the number of market participants that are driving the price higher. So, for example, when it spots the price rising, but the number of market participants decreasing, BOOM. That’s what I call a “divergence”. Divergences are a powerful signal that a trend is about to reverse and it’s what my VVD indicator is based on. Just on Friday I released it for a beta test and already more than 75% of our beta tester slots are taken. If you’d like to be one of the last few folks to get in on this beta test, click here to fill out your details. So if the herd instinct has worked against you in the past and you’re looking for some help overcoming that, consider joining my VVD beta test group. But if you’re not ready to jump in just yet, no problem. I’ve got two freebies for you that just triggered on the indicator this morning: One bearish one on AAPL: Target = 188.67 Stop = 194.92 ![]() Hope you consider joining me, — Jeffry Turnmire PS. Becoming a beta tester also gets you lifetime access to my famous Discord channel, #trader-talk. That’s where I’m constantly posting more trade ideas (not specifically tied to VVD) and answering all questions about charts, your favorite stocks and more. Plus, the community of other traders in there is worth it all on its own. Those folks make Discord an indispensable resource — And you’ll get lifetime access when you join the VVD indicator beta test right here. |
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ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. |
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