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June 28, 2024

The Second Quarter Is Officially Over - Here’s What’s Next
By Gianni Di Poce

Well, Q2/2024 ended with a whimper of sorts, drifting down 0.26% in late trading. But don’t let that fool you; the S&P 500 will actually close up a healthy 5.1% for the quarter.

So don’t be distracted by the selling today - much of that is being driven by institutions engaged in quarterly rebalancing. 

But, for a strong third quarter, we need to see new leadership emerge; the market cannot keep living according to the will of the tech sector alone.

As I’ve been saying, I think healthcare and biotech are more than capable of stepping up to the plate, and we’re looking for those early opportunities accordingly. While I’m at it, I wouldn’t be surprised if the ongoing bifurcation in retail continued, as well. 

And now to Don Kaufman…

TheoTrade Daily Chatroom Schedule for Monday, July 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 shows you… The Way
11:30 AM to 12:30 PM: Blake targets more earnings trades
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 checks top-performing stocks and sectors
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

Grab This Stock First Thing Monday Morning
There’s a new pick from Gianni’s chat session. He recommended Elf Beauty - a little unusual, maybe, but folks from the chat know he’s a believer. His exact instructions are “buy ELF on a close above $217.40 with a stop loss on a close below $195.41. Target $290 to reduce.” You can learn how to get picks just like this for less than a hundred bucks right here.

The New Sector Leader Bullseye Is Ready
There’s an impressive, must-see chart in the latest edition of Gianni’s free research - one that illustrates exactly why he’s so bullish on biotech for the quarter ahead. I think when you see the chart, you will be, too - I am. 

Click here to sign up for his free Sector Leader Bullseye email newsletter - you’ll hear from him twice a week about where the money is in this market. Again, absolutely free - and always will be.

I’m Squeezing These Frothy Stocks for Every Penny
I know this market is at insane heights. I know value is dead (probably). It’s just that I don’t care - I want to be playing for whatever upside is left. I want to be in it. You can’t make money if you’re not in it. 

So I’m not buying here, but I am trading these suckers. NVDA, MSFT, TSLA, QQQ - the biggest, most over-pumped tickers out there actually have some of the biggest upside potential if you’re smart about it. I’m not pushing all my chips in, either; I’m playing this very conservatively in terms of risk. The wins have been nice - 30%, 50%, and even 100% or more. The risk is low - a couple of cents on the dollar.

I’m looking at no less than 92 stocks right now - 92 chances at double- or triple-digit profits. You can get my watchlist and learn how I do this trade right here.

We’ll talk again soon,

Don Kaufman
Co-Founder, TheoTrade