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June 11, 2024

Stocks Are Coiling Up Near Highs… And Powell Hasn’t Spoken Yet
By Gianni Di Poce

Note: My friend Blake just updated his “Retirement Watchlist” - more than 120 tickers on it now. Click here to RSVP for his updated presentation this Thursday at 7 PM ET.

The markets are facing some formidable headline risk right now… The FOMC will make a decision on rates (Europe and Canada have already cut) - and Jerome Powell will speak after the minutes are released. 

That alone would be enough to make anyone think twice, but to top it off, we’re getting some very important inflation data tomorrow. 

But under the surface, the environment looks… not half bad. There’s a lot here for the bulls to work with.

Tech and communications stocks continue to outperform and there’s not much headwind blowing there. Apple is heading to new all-time highs despite lukewarm reception of its AI initiatives and, one of our top plays right now, Crowdstrike, just got a spot on the venerable S&P 500. 

TheoTrade Daily Chatroom Schedule for Wednesday, June 12, 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 shows you… The Way
11:30 AM to 12:30 PM: Blake Young targets gold
12:30 PM to 1:15 PM: Gianni Di Poce is watching currencies and a lot more
1:15 PM to 2:00 PM: Brandon Chapman checks out options
2:00 PM to 3:00 PM: Tony Rago finds targets in NQ charts
3:00 PM to 4:00 PM: Corey Rosenbloom will make range and trend plays

Blake Says Gold (and More) Is in Play Right Now
Opportunity knocks? It’s breaking down the door. Blake Young dropped this in our group chat today: “Gold is set for the next big move; we could be getting ready to take positions in the Russell 2000, bonds, the greenback and probably real estate, too.” Get ready - catch Blake live this Thursday at 7 PM. 

Professor Bierman Is Shorting TJX
It takes huevos to short anything in a market like this, but if you’re patient and bide your time, really great opportunities arise. That’s what happened with Bierman and this big discounter - TJMaxx is heading down! 

We’ll talk again soon,

Don Kaufman
Co-Founder, TheoTrade