| |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| |
-->
| |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SCOTT WELSH’S TICKER TALES PYPL Could Deliver Treats It’s Halloween here in the U.S.! Which means the question on every trader’s mind is: Are we getting tricks or are we getting treats? On the negative side, the market is poised to have its 3rd losing month in a row–something that hasn’t happened since March 2020. Yikes. Any positive momentum has been squelched lately, and the violent reversals have come in bulk. However, that could change with some good news from the Fed on Wednesday. Last time, Powell killed all the good vibes with his “higher for longer” chatter. This time Powell has a chance to make up for that. If he hints at a delay in rising rates, we could finally see the seasonal bullishness that’s expected between October and December of this year. One stock that looks ready for an explosion (if the Fed cooperates) is PayPal (PYPL). It’s fallen quite a ways down from its highs around $300 a couple of years ago. And it’s still below the 30-week simple moving average: But a break above $60 could be an early entry on a move up to $105.50 and beyond. It will all come down to the Fed. Are they giving out unripe apples or are they giving away giant Snickers? We’ll keep an eye on it. We’ll keep it on our Don’t Forget list. — 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 and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. JEFFRY TURNMIRE Redefining the Income Trading Paradigm In life, some things just don't go together.
It's a puzzle that has been around for a long time. But if you've been with me for a while, you know I don’t easily accept things as they are. When someone tells me something can't be done, it's like they're daring me to find a way to do it. My uncle, who ran a local Edward Jones investing shop when I was younger, always warned me about trading. He said, "It's unpredictable. No one knows what will happen next. Don’t bother." But look at where we are now. I've built a big part of my career by proving that advice wrong. In fact, my go-to income strategy has a perfect record with 62 wins out of 62 trades over 16 months. But there was still something about income trading that bugged me. It's steady, sure, but the wins are usually small… in the single digits. So, earlier this year, I decided to tackle this problem head-on. I wanted to mash together two things that shouldn’t be able to co-exist: 1. a way to pull money from the market that kept the steady wins I loved… 2. but targeted gains three times bigger than usual. The result? A new strategy that I've been testing out quietly with my VIP members. And guess what? We've hit 8 massive wins... in 8 trades. Yep — we kept the undefeated winning streak — but this time with much bigger gains than a typical income service can offer. I wish I could spill all the beans here, but I've saved the details for a special video I made. If you’re as curious as I was when I started on this new adventure, click here to find out how this new approach is shaking up the income trading game. Hope you enjoy, — Jeffry Turnmire |
|
| |
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. |
Post a Comment
Post a Comment