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Free TheoNight Report - for Wednesday, March 6, 2024 by Don Kaufman - The Magnificent Seven are Down to the Final Four
The S&P 500 was enjoying a bit of a bounceback today after yesterday's selloff. Good news, right? Well, not so much. What I was looking at toward the close - and in fact over the past few days - is actually not great news for the market.
We just keep seeing more and more weakness in the tech stocks that have been leading the markets lately. What's more, when you look "deeper" into the ongoing rally, you see that volatility isn't moving much at all. After heavy selling like we saw yesterday, we'd expect volatility to rocket higher. Didn't really happen. And after a bounceback like we got today, you'd think the VIX would tank sharply. That didn't happen.
And that's really weird. It's not a great sign. The answer has a lot to do with the (soon-to-be former) Magnificent Seven tech stocks. Let's get into why...
Click here to watch the video
Mar 6 - The Only Stocks You Should Be Trading
There are around 2200 listed companies and exchange-traded funds out there, and folks are able to trade options on almost 900 of them. I'm here to tell you, toss 90% of those names - forget 'em. These are the stocks and ETFs worth looking at right now.
Mar 6 - Gianni Di Poce Just Let the Cat Out of the Bag
It took him 10 years to perfect his system for timing breakout stock buys, but he just showed an audience of hundreds of people exactly how to do it in an hour. This method delivered triple-digit gains on a crypto ETF, and now it's being used to target precious metals and a whole lot more. Watch and see how…
Mar 6 - Free eBook: The Rebel's Guide to Trading Options
No one's born knowing how to trade, of course. That's why we wrote this ebook. It's an accessible, plain English, and fun way to get started in one of the most lucrative parts of the market. Even more seasoned traders will find plenty to use here. It's all yours…
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