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Is This Rally Legit?
(video link inside)
Is This Rally Legit?
By Gianni Di Poce
I've got some big questions we need to tackle now that weβre seeing the market rally back some.
Remember that carry trade blowup last Monday? Well, if 50-75% of it's been unwound, does that mean the worst is behind us?
We're seeing all the right sectors outperform to the upside. Tech's leading, semiconductors are on fire. But is this sustainable?
Tomorrow's CPI report? It's gonna be dramatic, no doubt. I'll tell you why bears might need to play defense.
Gold bugs, where are you? We've hit new all-time highs, but it's weirdly quiet. What's going on there?
And hey, don't sleep on biotech. There's some really good signs I'm seeing, and AI hasn't even really touched this space yet.
Look, the longer this rally goes on, the more likely it is that the bottom is in.
But there's a lot more to unpack here.
I break it all down in my latest video - from the Magnificent Seven names to some surprising currency moves that could be major warning signs.
You'll want to catch this before tomorrow's CPI report. Trust me, it could change everything.
TheoTrade Chat
Wednesday August 14th 2024
Don provides valuable insights and analysis to start your trading day.
Blake shares his expertise and trading strategies for the morning session.
Gianni Di Poce scans the market for potential swing trades, providing valuable insights for both short-term and longer-term traders.
Brandon analyzes unusual options activity, uncovering potential big moves and helping you stay ahead of the market.
Take a short break to recharge and prepare for the afternoon sessions.
Join Tony for an exciting session on trading NQ Futures, learning strategies and techniques for this dynamic market.
Close out the day with Corey Rosenbloom's Playbook, focusing on Range & Trend Strategies to enhance your trading toolkit.
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