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June 12, 2024

The Tech Divergence Has Grown to Epic Proportions - Here’s What to Do About It
By Don Kaufman

Now this was a trading session! Today had it all - the Fed, economic data, volume…

I’ve been at this for more than 25 years, and I have never seen the kind of trading in individual products that we’ve seen today. Let that sink in for a second. 

The markets exploded on cooler inflation numbers - just a hint of selling activity but it didn’t last at all. We rode the upper edge of the SPX’s expected move for most of the last hour of trading. Shorts are squeezed outside of that. 

But… like I hinted a second ago, today’s order flow was highly significant. It’s dried up from all but the Big Tech stocks. 

TheoTrade Daily Chatroom Schedule for Thursday, June 13, 2024
9:20 AM to 10:00 AM: I’ll call the action at the cash open
10:00 AM to 11:00 AM: Tony Rago takes on NQ, NASDAQ futures
11:00 AM to 12:00 PM: Professor Jeff Bierman teaches market know-how
12:00 PM to 1:00 PM: Gianni Di Poce will scan the entire market for profits
1:00 PM to 2:00 PM: Blake Young shares the latest charts
2:00 PM to 3:00 PM: Brandon Chapman analyzes stocks on “Triple Threat” Thursday
3:00 PM to 4:00 PM: Corey Rosenbloom goes after range and trend plays
7:00 PM until… Blake’s going over “deep currents” and talking about retirement strategies - again. RSVP. 

Brandon’s Treasury Play Hit Big (100% Gains)

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. 

We’ll talk again soon,

Don Kaufman
Co-Founder, TheoTrade