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SCOTT WELSH’S TICKER TALES Momentum Carrying PANW Higher As we’ve mentioned before, once a stock becomes a big mover, it tends to stay a big mover. A stock doesn’t usually go up over 100% and then never do anything again. So, a great place to find future winners is in the past. Previous monsters can become monsters again. We see an example of this in Palo Alto Networks (PANW). PANW is one of the greatest stocks of all time. It’s had some huge trends. Here’s one that started in 2013: A break above $265.90 could lead to yet another big run. We’ll keep an eye on it. — 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. GUEST POST: JACK CARTER The Fed Kills The Fun Today the S&P 500 took a bit of a tumble, breaking its 6-day winning streak. Why, you ask? Well, it's the same old story — with the Fed pushing the market around again. This time it’s the Federal Reserve’s latest meeting minutes. Turns out, they're not too keen on cutting interest rates anytime soon. That sugar high the market was on from the last Fed meeting? Seems like it might have been a bit premature. Now everyone's just trying to make sense of the Fed's game plan here. For their part, the Fed is pointing to “sticky inflation” as the reason they have to keep monetary policies "restrictive." The word on the street is that they'll probably hold at the current rate during their December meeting, too. Some folks are betting on rate cuts starting around May, but that's still up in the air. Now, here's a thought. What if we didn't have to hang on every word from the Fed? Imagine not being glued to the news, trying to predict the market's next move. That's the kind of freedom a lot of traders are looking for. And guess what? It's not only possible. I’ve been doing it for decades! It’s all thanks to a strategy that doesn't rely on the daily news cycle. It's all about using a decade of backtested data — and using that data to spot high-probability trades that pop up every week. It's like having a secret map while everyone else is wandering around lost. In fact, right now, there are three stock tickers that are on my list, ready to make moves in the next few days. And remember: These aren't random guesses; they're based on ten years of solid data. If you're curious and want to get in on these trades before you sit down for your Thanksgiving turkey, just click here and watch the video. When the market is forced to dance to the Fed's tunes, we need to play a different game — a high-probability one. So, what do you say? Ready to trade with a bit more confidence and a lot less stress? Let's do this! — Jack Carter |
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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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