This Steak Chain is on my Watchlist

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JULY 25 2023         SCOTT WELSH’S TICKER TALES LULU’s Almost Hit It’s Level — And ROST Could Be Next About a week ago, we were watching a possible breakout on the trendy retailer, Lululemon.  And it’s almost hit its breakout level:   Interestingly, there’s another stock in LULU’s sector that’s been showing strength lately. And that’s ROST (Ross Stores).  While ROST is at the other end of the spectrum as far as clientele goes–LULU is expensive and cool; ROST is reasonably priced and sensible–they both have seen a boost with the recent interest in retail.  Like most everything else, ROST suffered in the 2022 Bear Market.  But it has come back nicely in 2023, and has shown strength since May 15th. A break above $122.44 could lead to a nice move.   Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. JEFFRY TURNMIRE Forced Selling Causes Predictable Monthly Bitcoin Drop Earlier this month, one of my favorite Bitcoin miners (Marathon Digital Holdings) put out a press release. I’m posting part of a screenshot here:   The most important part is highlighted in blue. Do you see it?   “The Company opted to sell 700 BTC during the month of June and intends to sell a portion of its bitcoin holdings in future periods to support monthly operations, manage its treasury, and for general corporate purposes.” They made it sound like it was a choice, but in reality it’s forced selling. But it’s not just Marathon. Lots of Bitcoin miners have to sell lots of Bitcoin every single month. Because mining Bitcoin requires some heavy resources. Like electricity. And every month that electric bill comes due… So how do you pay an electric bill in the tens or hundreds of thousands of dollars? Well, every month, Bitcoin miners have to sell some of their Bitcoin to pay off that whopping electric bill. And once a month, like clockwork there’s a temporary “price warp” in Bitcoin because of all this forced selling.… I think you can see where I’m going with this… It’s a pattern you can take a position on — and I regularly do. Imagine that. Some people dream of having gotten into Bitcoin years ago, when it was much cheaper. But if you know where to look and how to play it, you can pick up Bitcoin every single month when the price gets “warped” due to this forced selling. If you want to hear more about the monthly Bitcoin “loophole” that I discovered, I’m sharing all the details tomorrow, Wednesday July 26th @ 11am. Click here to register your spot and join me to hear how I’ve been playing this monthly loophole. Hope to see you there, — Jeffry Turnmire

JULY 25 2023   SCOTT WELSH’S TICKER TALES LULU’s Almost Hit It’s Level — And ROST Could Be Next About a week ago, we were watching a possible breakout on the trendy retailer, Lululemon.    And it’s almost hit its breakout level:   Interestingly, there’s another stock in LULU’s sector that’s been showing strength lately.   And that’s ROST (Ross Stores).    While ROST is at the other end of the spectrum as far as clientele goes–LULU is expensive and cool; ROST is reasonably priced and sensible–they both have seen a boost with the recent interest in retail.    Like most everything else, ROST suffered in the 2022 Bear Market.    But it has come back nicely in 2023, and has shown strength since May 15th.   A break above $122.44 could lead to a nice move.   Happy trading,   — Scott Welsh   P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. JEFFRY TURNMIRE Forced Selling Causes Predictable Monthly Bitcoin Drop Earlier this month, one of my favorite Bitcoin miners (Marathon Digital Holdings) put out a press release.   I’m posting part of a screenshot here:   The most important part is highlighted in blue. Do you see it?   “The Company opted to sell 700 BTC during the month of June and intends to sell a portion of its bitcoin holdings in future periods to support monthly operations, manage its treasury, and for general corporate purposes.” They made it sound like it was a choice, but in reality it’s forced selling.   But it’s not just Marathon.   Lots of Bitcoin miners have to sell lots of Bitcoin every single month.   Because mining Bitcoin requires some heavy resources. Like electricity.   And every month that electric bill comes due…   So how do you pay an electric bill in the tens or hundreds of thousands of dollars?   Well, every month, Bitcoin miners have to sell some of their Bitcoin to pay off that whopping electric bill.   And once a month, like clockwork there’s a temporary “price warp” in Bitcoin because of all this forced selling.…   I think you can see where I’m going with this…   It’s a pattern you can take a position on — and I regularly do.   Imagine that. Some people dream of having gotten into Bitcoin years ago, when it was much cheaper.   But if you know where to look and how to play it, you can pick up Bitcoin every single month when the price gets “warped” due to this forced selling.   If you want to hear more about the monthly Bitcoin “loophole” that I discovered, I’m sharing all the details tomorrow, Wednesday July 26th @ 11am.   Click here to register your spot and join me to hear how I’ve been playing this monthly loophole.   Hope to see you there,   — Jeffry Turnmire

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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. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions.   Unsubscribe This email was sent to diansastroxz.forex@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub