| | New Highs Follow Through on "Fibonacci Day"
By Gianni Di Poce
Tech stocks continue to lead the market higher - a bullish sign given the sector's tendency to lead. | But there's a setup I've been talking about lately; it's beginning to taking shape and could be even more bullish for the foreseeable future. | There's a global flight to safety underway right now. The world's investors are taking refuge in dollar-denominated assets, seeking the integrity and stability of American markets. | That's all but certain to push us higher… until it doesn't. | Here's what to do about it… | | TheoTrade Daily Chatroom Schedule for Thursday, June 20, 2024
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Why Every Trader Needs to Use Technicals
By Gianni Di Poce
When I first broke into the markets, I made fundamental analysis my mission. EBITDA, return on capital, earnings per share, book value, every metric you can think of. | It was all to get the best possible information on the stock so I could make a smart buy - or sale, as the case might be. | The thing is, fundamentals can tell you whether you've got a good stock or a dud, but they can't tell you anything about price action. The fundamentals don't mean anything about how and when you'll make money on a trade. | Take a look…
We'll talk again soon, | | Don Kaufman
Co-Founder, TheoTrade |
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