What Sparked Today's Rally... And Crash

Stocks were edging higher in pre-market trading and they stayed strong after the opening bell… until tanking on sudden geopolitical worries.  Jobless claims hit the street this morning, and “bad news is good news” brought out the bulls. Stocks powered higher throughout the day until 2 PM or so when flaring Mideast tensions utterly slashed gains. Let’s unpack that… 

TheoTrade Daily Chatroom Schedule for Friday, April 5, 2024
9:20 AM to 10:30 AM: Yours truly will be there at the opening bell
10:30 AM to 11:30 AM: Professor Jeff Bierman will show you The Way
11:30 AM to 12:30 PM: Blake Young will share his most powerful charts
12:30 PM to 1:15 PM: Gianni DiPoce closes the week with a view of the markets 
1:15 PM to 2:00 PM: Brandon Chapman talks risk ratios and top stocks and sectors
2:00 PM to 3:00 PM: Tony Rago looks at minute-by-minute NASDAQ futures
3:00 PM to 4:00 PM: Corey Rosenbloom brings us some range and trend day plays

The Perfect $100 Trade
I’ve seen way too many traders get tripped up in my decades in the market; they get ahead of themselves and their “smart setups” turn into death traps. Making money trading doesn’t have to be complicated at all. In fact, one of the most successful trades I’ve ever seen is also one of the easiest - and cheapest. Let’s learn a little about how it works…  

Check Out Gianni’s New Gold Pick
Precious metals are having a moment right now, courtesy of extreme uncertainty. Gold miners like Alamos Gold Inc. are a great way to take advantage. Gianni dropped a fantastic recommendation into the chat yesterday. Take a look: “Buy AGI on a close above $14.86 with a stop loss on a close below $13.60.”

We’ll talk again soon,

Don Kaufman
Co-Founder, TheoTrade