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May 07, 2024

Stocks Jumped Their First Hurdle - Here’s How They Can Clear the Next One
By Gianni Di Poce

I was singing a decidedly cautious tune last week, especially compared to the week before…

But then, on Friday, a very weak payroll report slammed a strong bid under stocks. Bad news is good news (again). Market players hope the sign of a softening economy will mean a more dovish Fed in the near future.

I’m not convinced that’s the case at all - and you shouldn’t be, either.

Don’t mistake that for gloom: I still believe stocks can rally from here, and I’ll show you why. And I’ll show you the key technical levels stocks have to clear to keep the bull running. Bonds also loom large in whether or not stocks can power on. 

TheoTrade Daily Chatroom Schedule for Wednesday, May 8, 2024
9:20 AM to 10:30 AM: I’ll be getting us ready for the open
10:30 AM to 11:30 AM: Professor Jeff Bierman makes you a better trader
11:30 AM to 12:30 PM: Blake Young targets the top trades
12:30 PM to 1:15 PM: Gianni Di Poce plays the entire market
1:15 PM to 2:00 PM: Brandon Chapman hunts for unusual options activity
2:00 PM to 3:00 PM: Corey Rosenbloom will make range and trend plays
3:00 PM to 4:00 PM: Tony Rago is looking to bag a $600 trade - and that’s it

This Thursday, Tony Rago Is Going Golden
Tony is one of our futures guys, but he’s a little different. He only trades one ticker, NQ, and he only has one daily goal: $620. When he sees his “golden setup,” he jumps on it. Sometimes he’s done trading before lunch. On May 9 at 1 PM Eastern he’s going to show everyone in the room how to trade like this. Click here to snag your spot in the free presentation…

We’ll talk again soon,

Don Kaufman
Co-Founder, TheoTrade