"Buy the Dip" Could Become "Sell the Rip"

April 30, 2024

“Buy the Dip” Could Become “Sell the Rip”
By Gianni Di Poce

I’m a little concerned with the bullish trend we’ve seen shaping up lately. Lower highs are starting to creep into the equities picture. 

The trouble in Japan with the yen and the lack of change in policy there could be starting to spill over across financial markets; global capital is seeking refuge in the dollar. 


I don’t mean to suggest it’s all doom and gloom - it isn’t. There are some bright spots, which we’ll talk about in a second. 

We’ll talk about how to prepare for the congestion I see coming up, how to avoid getting caught up in the chop, and some steps we can take to manage risk properly. 

TheoTrade Daily Chatroom Schedule for Wednesday, May 1, 2024
9:20 AM to 10:30 AM: I’ll be getting us ready for the opening bell
10:30 AM to 11:30 AM: Professor Jeff Bierman teaches you trading
11:30 AM to 12:30 PM: Blake Young has futures and trading techniques to share
12:30 PM to 1:15 PM: Gianni Di Poce is watching for the bull to falter
1:15 PM to 2:00 PM: Brandon Chapman takes on the entire market
2:00 PM to 3:00 PM: Tony Rago looks at NQ, NASDAQ futures
3:00 PM to 4:00 PM: Corey Rosenbloom will make range and trend plays

Algos Just Took Out Another Popular Stock
Millions of people own Urban Outfitters (URBN)... and they just got taken for a ride. Algorithms, spotting a trend humans would have a hard time detecting, literally hijacked the stock and manipulated it six ways from next Tuesday… with predictable results.

You don’t have to take this lying down - Professor Jeff Bierman’s tracking these monster machines as they pillage the stock market. You can get his Man vs. Machines research delivered to your inbox free of charge - just click here. 

Yet Another New Pick from Gianni Di Poce
This market is packed with opportunities, and Gianni’s finding a ton of them. He just released a pick late last week, under the wire. He says “Buy CARR on a close above $59.82 with a stop-loss on a close below $54.77.”

We’ll talk again soon,

Don Kaufman
Co-Founder, TheoTrade