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PayPal Could Explode (with some Fed cooperation)

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OCT 31, 2023
   
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.
 
Up is the opposite of down…
Red is literally opposite blue on the color wheel…
And in the trading world, the steady earnings from income trading usually mean you won't see big, quick profits.

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
___________________________________________________
   
 

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