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Free TheoNight Report - for Tuesday, April 23, 2024 by Gianni Di Poce - Last Week I Said 'Buy the Dip' - I Sure Hope You Did
We were excited for last week's lows, and for a good reason. I told everyone to wrestle with the bear and get in the market and go shopping. We're off those levels now, and I still think taking advantage of the selloff was the right call. I'm seeing some encouraging signs bubbling underneath the rally we've seen over the last two sessions. Tech and chip stocks are leading the move higher. (Though I still think the setups are better in energy right now - more on that in a minute.)
Beyond equities, things look even more exciting, particularly the carry trade in the Japanese yen. The market wants Japan's central bankers to end their negative interest-rate policy, and there are rumblings, but traders are calling their bluff. I think there are great opportunities there. Bitcoin and crypto are behaving nicely, too. There's a lot to talk about today, so let's jump in…
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Why I Updated My Stock Watchlist
Just last week, I released a "watchlist" of nearly 50 stocks I wanted people to keep a close eye on. These companies were likely candidates for a "Moonshot" move - a two-part, high-probability trade. Well, just a couple of days later, and I'm upping the ante. My new, updated watchlist contains more than 90 stocks. My first Moonshot play is well on its way to delivering profits. To get my watchlist tomorrow and learn exactly how these Moonshots work, go ahead and click right here…
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