There’s Bullish Momentum to Take Us Higher - Here’s What to Do

All the ingredients were in place for stocks to move higher today, and a lot of them were. Only the NASDAQ, which opened higher, was lagging behind by midday.

We’re going to look at several stocks - including some AI plays - that I think look the most promising according to the charts. Watch…

TheoTrade Daily Chatroom Schedule for Monday, February 26, 2024

9:20 AM to 10:30 AM: Blake Young
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: “Slim” Miller
2 PM to 3 PM: Tony Rago
3 PM to 4 PM: Corey Rosenbloom

ICYMI: Catch the Replay of Gianni’s Live Stock Pattern Webinar
Find a strong stock, and you’re onto something. Find the pattern that moves that stock, and it can be like a license to print money. That’s what Gianni DiPoce’s webinar today was all about - finding those killer stocks and spotting the patterns in them that can lead to windfall profits. Click here to watch the replay…

The RSI Reading Is Off the Charts Here
The Relative Strength Index can tell you at a glance whether a stock is overbought or oversold, helping to give you confirmation that it is (or isn’t) time to buy or hold. A reading of 30 is oversold - maybe time to grab a bargain. A reading of 70 is overbought and calls for caution. Professor Jeff says 150 stocks of 500 companies on the S&P 500 have an RSI reading of 80, indicating extremely overbought conditions. More than 100 are at 88. Now, any trader will tell you, overbought can always become… more overbought, but be careful out there. The unwind will be spectacular…   

We’ll talk again soon,

Don Kaufman
Co-founder, TheoTrade