There's Something Weird About This Selloff

April 02, 2024

If you get the nagging feeling you’ve read the words “stocks slid 1%”... or “.5%... or .9%” over and over again, you’re not crazy. We’re well into the longest stretch of trading sessions without a 2% or greater move in years. Stocks right now aren’t really down, they’re stuck in kinda-down mode…for the moment. Of course, stocks aren’t the only things selling off right now. Here’s what’s happening… 

TheoTrade Daily Chatroom Schedule for Wednesday, April 3, 2024
9:20 AM to 10:30 AM: Yours truly will watch the cash open   
10:30 AM to 11:30 AM: Professor Jeff Bierman will teach some new trading techniques
11:30 AM to 12:30 PM: Blake Young has the charts you need to see   
12:30 PM to 1:15 PM: Gianni DiPoce will watch the entire global market unwind… maybe   
1:15 PM to 2:00 PM: Brandon Chapman covers commodities, currencies, equities, and bonds
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 scouts the best range day opportunities
4:00 PM: @ The Close featuring Brandon Chapman and Professor Jeff Bierman

Live Tips from the Trading Room
It’s not just our experts making recommendations in the live room. We’re a community, and a lot of our members have experience and ideas of their own. A few of the stocks our members like at the moment are GOLD, NEM, and AEM - all miners that are really compelling to some TheoTraders right now. If you’re an active member, make sure you’re not missing the chat. 

Check Out This Starbucks Trade
Blake Young dropped a tasty play on the coffee juggernaut today. His recommendation: “Sell -1 vertical SBUX 100 (weeklys) April 26, 2024 $91/$92 call at a limit of $0.34.” Give it a shot - or a double shot.

We’ll talk again soon,

Don Kaufman
Co-Founder, TheoTrade