Hey traders, it’s Bryce here.
Yesterday we watched major tech stocks and the tech-heavy S&P 500 ETF Trust (NYSE: SPY) dip substantially.
Take a look at the chart below. Every candle represents one trading day:
SPY chart multi-month, 1-day candles Source: StocksToTrade
The dip on NVIDIA Corporation (NASDAQ: NVDA) was even more drastic.
NVDA chart multi-month, 1-day candles Source: StocksToTrade
The selloff comes as President Biden announced plans to potentially ramp up U.S. tech-export sanctions.
And Trump’s comments about Taiwan’s safety didn’t help either … Taiwan is a huge tech hub and strong business resource for the U.S.
Friends, don’t succumb to market fear!
When the market dips due to scary global news, major media is quick to sell stories that capitalize on investor fear.
While in truth, there are still opportunities to profit for traders who understand this process …Â
Don’t lose your head.
The Best Plays
We’re still trading with the same overall framework.
Remember, these patterns don’t change.
But when the market dips, we have to trade more conservatively.
That means:Â
- We only focus on stocks with bullish catalysts.
- We tighten our risk ratio.
- We take profits more quickly.
Our trading mentor, Tim Sykes, gave a LIVE trading webinar earlier this week with that exact message.
For more details, see the post below on X from another trader in our community:
In a market that’s dipping lower, wait for the best setups.
And if there isn’t a play to make, sit on your hands!
Luckily, we’re in the middle of a red-hot earnings season regardless of the overall market momentum. A strong earnings catalyst can still create solid profit opportunities!
Take a look at the headline below that highlights strong earnings already this year thanks to the 2024 stock market strength.
The Next Earnings Winner!
Despite the sometimes confusing process of a company’s earnings announcement …These plays aren’t the mysterious enigma most traders believe them to be.
It might seem as though a company’s financial data is completely unknown before the news breaks.
How am I supposed to build a position if I don’t know the data?
Good question …Â
With the right tools and data, traders can see whether a company will beat or miss the earnings expectation before the report occurs.
And a veteran trader in our community designed a specialized calendar system to accurately exploit this earnings season for potentially massive profits!
For example: The calendar system recently projected a 91.2% earnings beat on Broadcom Inc. (NASDAQ: AVGO) … BEFORE assets exploded 1,014%* in less than a day!
Don’t miss the essential details traders need to capitalize on earnings winners in 2024.Â
There’s an entire strategy demonstration, top to bottom, on Thursday, July 25th, at 8 p.m. Eastern.
Spots are filling up fast — Click here now to reserve your seat before it’s too late!
Cheers,
Bryce Tuohey
We've just developed a New AI "Cheat Code" that could transform trading!
This tool analyzes thousands of data sets to predict stock prices weeks in advance, giving you a unique “stock score.”
Over the past four years of testing, this score has pinpointed 45 double-digit moves! Instead of just talking about it, I’d love to show you how it works.
*Past performance does not indicate future results