Last week I warned everyone that volatility was going to go on a rampage. And that's exactly what it did. | And here's the thing: It's not over, not by a long shot.
The rally sputtered and nearly died today. By the close it had made up some ground to end up… "massively unchanged." | But in the larger context of the week, it's anything but. | The expected move for the week was 96 - could be 96 up or 96 down. It's only Wednesday, and we're already at the upper edge. That alone is evidence the beast is still out there and it's hungry.
There's more. One of volatility's hallmarks is a violent up-move. That's just what we've seen. | Let me explain what's going on here - and why it could be pretty painful for the unprepared… | | TheoTrade Daily Chatroom Schedule for Thursday, April 25, 2024 | 9:20 AM to 10:00 AM: I'll be there for the opening bell
10:00 AM to 11:00 AM: Tony Rago walks you through NASDAQ-100 futures, the NQ
11:00 AM to 12:00 PM: Prof. Jeff Bierman teaches you to trade smarter
12:00 PM to 1:00 PM: Gianni Di Poce checks on midweek markets
1:00 PM to 2:00 PM: Blake Young brings you the hottest charts of the day
2:00 PM to 3:00 PM: Brandon Chapman kicks off "Triple Threat" Thursday
3:00 PM to 4:00 PM: Corey Rosenbloom scans for the best short- and medium-term plays | I Just Released My Updated Watchlist… And a Lot More
Today at noon I went live in front of hundreds of you to bump my Moonshot watchlist to a whopping 96 stocks. What can I say? My hand was forced. After our first-half Moonshot position in XLF paid off, I had to put on the other leg of that trade. That changed the playing field, hence the update. Everyone needs to get this list, so I'm linking to a recording of my presentation here. To get my watchlist and check out how I put on Moonshot trades, go here…
We'll talk again soon, | | Don Kaufman
Co-Founder, TheoTrade |
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