Why Stocks Sank So Broadly Today

We saw a pretty exciting open this morning - exciting like a car crash. Selling was happening (almost) all the way across the board on all three big indexes. At the risk of sounding like a broken record, the only stock that wasn’t being sold was… Nvidia, though it was off its overnight highs. Apple, Google, Meta, Tesla - investors were unloading all of them. 

Interestingly, volatility remained fairly muted for a situation like this. We’re going to look at why - and a lot more - right now…

TheoTrade Daily Chatroom Schedule for Wednesday, March 6, 2024
9:20 AM to 10:30 AM: Don Kaufman
10:30 AM to 11:30 AM: Prof. Jeff Bierman
11:30 AM to 12:30 PM: Blake Young
12:30 PM to 1:15 PM: Gianni DiPoce
1:15 PM to 2 PM: Brandon Chapman
2 PM to 3 PM: Tony Rago
3 PM to 4 PM: Corey Rosenbloom
At the Close: Blake Young & Gianni DiPoce

Weight Watchers Is in Play (Again) Right Now
We saw this happen last week with this stock. It looks like the high short interest here could ignite a squeeze. Brandon has the details… 

Gianni Just Revealed the “Breakout Formula”
It took him 10 years to perfect his system for timing breakout stock buys, but he just showed an audience of hundreds of people exactly how to do it. This method delivered triple-digit gains on a crypto ETF, plus a lot more. Watch and see how…

Amazon and the Non-Industrial Industrials
AMZN was just listed on the venerable Dow Jones Industrials. What do they produce? Nothing much. It’s just the latest mega-cap to bump a lesser company off the Dow. Here’s the deal..

We’ll talk again soon,

Don Kaufman
Co-founder, TheoTrade