Why Stocks Bounced Today

The S&P 500 bounced right off its pre-market lows as the bell rang. It looked for all the world like the market was reacting positively to fairly benign PPI numbers - that’s not a data point that usually moves the markets, let alone catalyzes a bounce. Still, I was expecting a monster move on the Big Index today. Let’s look at how it happened…

TheoTrade Daily Chatroom Schedule for Friday, April 12, 2024
9:20 AM to 10:30 AM: I’ll be calling the action at the open
10:30 AM to 11:30 AM: Professor Jeff Bierman shows you… The Way
11:30 AM to 12:30 PM: Blake Young will look at some great charts
12:30 PM to 1:15 PM: Gianni DiPoce scans the entire market for opportunities
1:15 PM to 2:00 PM: Brandon Chapman tracks unusual options activity
2:00 PM to 3:00 PM: Tony Rago will scour the NQ minute by minute for profits
3:00 PM to 4:00 PM: Corey Rosenbloom hunts for trend and range day plays

Brandon Chapman’s Bullish Watchlist
Yesterday in the chat Brandon dropped a nice long list of stocks he thinks are heading higher in the near future. These are names in tech, building, materials, and more. Just a few of the highlights include UOA, NVDA, KTOS, HEAR, TECK. If you’re not getting all of these picks, you’re missing out - they’re just a fraction of what our guys are talking talking about every day.

The Machines Have Taken Over Stocks
Algorithms are calling the shots right now. CEOs, profits, debt, products - they have nothing to do with stock prices on a daily basis. It’s all machines. You can get steamrolled and wiped out by them… or you can understand them and trade with them. Professor Jeff Bierman gets algorithms; he knows how they work and, more importantly, what they’re doing. You’ve got to get his free research or risk getting left in the dust. Click here to subscribe to Man vs.  Machines - it’s completely free of charge.

We’ll talk again soon,

Don Kaufman
Co-Founder, TheoTrade