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June 18, 2024

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.

TheoTrade Daily Chatroom Schedule for Thursday, June 20, 2024
TBD
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