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Gas Flows Again As PPI and Claims On Deck

May 13, 2021 by Ed Carter

On Wednesday, all the major indices gapped lower for the second straight day after Inflation came in higher than expected according to the April CPI (+$.2% vs +3.6% est.). The bears gave us follow-through to the downside the rest of the day, with stocks closing near their lows. The gave us ugly black candles in all 3 major indices, with only the SPY printing a candle signal (Bearish Doji Continuation Pattern). On the day, DIA lost 2.02%, SPY lost 2.12%, and QQQ lost 2.59%. VXX shot over 17% higher to 48.40 and T2122 fell deeper into the oversold territory to 3.92. 10-year bond yields spiked higher to 1.695% and Oil (WTI) rose just under nine-tenths of a percent to $65.85/barrel.

The Colonial pipeline, closed by the cyberattack, restarted operations on Wednesday evening. The company said it will be back to full capacity within 24 hours, but that it might take a few days for the entire fuel supply chain to get back to normal. This came after the weekly crude oil inventories saw a drawdown (and gasoline inventories saw a spike since refineries had no place to ship with the pipeline down).

In interesting crypto news, Elon Musk made headlines related to Bitcoin again. This time, 3 months after the company announced it had purchased $1.5 billion in Bitcoin and less than two months after announcing it will allow customers to buy their cars using Bitcoin, TSLA has suspended vehicle purchases using the cryptocurrency. This comes after the Musk claimed concern over the increased use of fossil fuels in Bitcoin mining. However, such mining has always been very electric-intensive and most electricity has always been produced with fossil fuels. So, nothing has really changed since the start of the year, when TSLA moved the opposite direction. Overnight, Bitcoin was down 12% and there were sympathy losses by other cryptocurrencies.

Related to the virus, US infections are rising again after plateauing at a level above the fall level. The totals have risen to 33,586,136 confirmed cases and deaths are now at 597,785. The number of new cases has is falling again and are back down to an average of 37,818 new cases per day (the lowest number since September). However, deaths are still plateauing at the new lower levels, now at 644 per day (the lowest number since July 2020). After the close, a scientific report was published showing that the PFE-BNTX vaccine is 90% effective against several variants, including the main UK variant. However, the Indian 617 variant (double mutation) was not tested. The CDC also reported that 28 cases of blood-clotting (out of 8.7 million shots given) have resulted from the JNJ vaccine.

Globally, the numbers rose to 161,139,255 confirmed cases and the confirmed deaths are now at 3,347,034 deaths. The trends are slightly better again as it is believed that India has peaked. The world average new cases seems to have topped again at the new all-time peak and is now rounding over at 749,588 new cases per day. Mortality, which lags, may also be rounding over again at 12,739 new deaths per day. As said, India appears to have made it past the peak of the recent surge. The government in Delhi reported that only one hospital called pleading for oxygen in the last 24 hours (as opposed to dozens and dozens per day previously). Test positivity rate is also down to a third of what it was two weeks ago. Still, the country reported over 362,000 new cases Thursday, which is huge, but far below the 414,000 record of less than a week ago (May 7) and is trending the right direction.

Overnight, Asian markets were strongly red across the board. Japan (-2.49%), Hong Kong (-1.81%), and Thailand (-1.51%) led the way lower, but losses were over a percent region-wide. In Europe, markets are mostly in the red as well, with just a couple small exceptions as of mid-day. The FTSE (-2.04%), DAX (-1.37%), and CAC (-1.03%) lead the losses, with the CAC being most typical of the rest of the continent for now. As of 7:30 am, US Futures are pointing to mixed and modest open. The DIA is implying a -0.47% open, the SPY implying a -0.20% open, and the QQQ implying a +0.16% open. However, that is in front of Jobless Claims and Producer Inflation data in an hour.

The major economic news scheduled for Thursday includes April PPI and Weekly Jobless Claims (both at 8:30 am) and 2 Fed speakers (Waller at 1 pm and Bullard at 4 pm). Major earnings reports on the day include BABA, ARKO, BILI, BAM, KELYA, EYE, and NICE before the open. Then, after the close, ABNB, DDS, FTCH, FOA, PLT, and DIS report.

With the fuel pipeline coming back online overnight, one of the big drivers of market fear has been reduced, if not eliminated. However, the main issue remains inflation fear (or rather fear that the Fed will need to tighten rates sooner than they have consistently said they would). So, based on yesterday’s out-sized CPI data, it is reasonable to expect the PPI number to also be higher than expected. This will give the bears more ammunition. With that said, markets are very oversold in the short-term and the major indicies (at least the DIA and QQQ) may be at a level where they can find some support.

Again, remember that you don’t have to trade every day…and you certainly don’t have to try to predict the reversal. Waiting for it to play out and then just following the trend is the higher probability play. Respect potential support and resistance levels, but don’t assume they will hold. As always, keep locking in your profits when you achieve your trade goals and maintain your discipline by following those trading rules. Consistency is the key to long-term trading success.

Swing Trade Ideas for your consideration and watchlist: No trade ideas today. You can find Rick’s review of tickers on his YouTube Channel here. Trade your plan, take profits along the way, and smart. Also, remember to check for impending earnings reports. Finally, remember that any tickers we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade: PYPL, TGT, and ZS. Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19 (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

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Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

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Market is Watching Inflation Data

May 12, 2021 by Ed Carter

All the major indices gapped down hard on Tuesday, led by Oil names, following up on Monday’s bearish candle signals. However, from there we got a mixed bag. The bulls charged back with vengeance in the QQQ, erasing a 2% gap down by midday and then chopping sideways at Monday’s closing level. However, the SPY chopped sideways all day after its gap down to end up as an indecisive Doji. However, the DIA gapped down and then kept going before starting its sideways chop, ending as an ugly black candle. On the day, SPY lost 0.88%, DIA lost 1.39%, and QQQ lost 0.14% as high-tech names rejected the gap. The VXX gained over 7.6% to end at 41.18 and T21122 fell like a rock into the oversold territory at 15.42. 10-year bond yields rose again to 1.62% and Oil (WTI) was also up two-thirds of a percent to $65.36/barrel, and Copper closed at an all-time high as inflation fears and the pipeline cyberattack continues to sway markets.

Localized gasoline shortages are starting to kick-in across the East coast. 5-hour lines in a few places as overall supplies haven’t been majorly impacted. The problem is one of logistics with plenty of supply available at gulf-coast refineries. However, that is not where the end-users are located. Worst yet, truck and rail capacity is paltry compared to pipelines. So, if Colonial does not get its pipeline network back online soon, then refineries will need to cut production with no spare storage capacity available.

In miscellaneous market news, TSLA sales in China fell 27% in April, with global sales falling 12% for the month. AMZN won an appeal in an EU court (after the lower court had ruled the company had gotten an illegal tax advantage from Luxenbourg. So, the company will not need to pay the EU the $303 million in taxes the lower court had ruled was unpaid. All eyes are on Consumer Price data this morning as markets expect wild inflation numbers for the month.

Related to the virus, US infections are falling again after plateauing at a level from the fall level. The totals have risen to 33,550,115 confirmed cases and deaths are now at 596,946. However, the number of new cases has is falling again and are back down to an average of 39,254 new cases per day (the lowest number since September). Deaths are still mostly plateauing at the new lower levels, now at 635 per day (the lowest number since July 2020). After the close, the CDC announced that over 46% of the US populations have had at least one shot, with 35% now fully vaccinated. Still, the number of shots per day continues to drop as only about 1.5 million shots were administered (down from a high of 4.4 million), with many states not even ordering their full allotment of vaccine.

Globally, the numbers rose to 160,398,044 confirmed cases and the confirmed deaths are now at 3,333,548 deaths. The trends are slightly better again as we have seen a slowing in the rate of increase no that India is believed to have peaked. The world’s average new cases seems to have topped again at the new all-time peak and is now rounding over at 762,953 new cases per day. Mortality, which lags, may also be rounding over again at 12,850 new deaths per day.

Overnight, Asian markets were strongly in the red again. Taiwan (-4.11%) was a major outlier, but Japan (-1.61%), South Korea (-1.49%) are more typical of the region. On the plus side, Hong Kong (+0.78%) and Shenzhen (+0.70%) were positive. In Europe, markets are more mixed and even lean to the green at this hour. The FTSE (+0.41%), DAX (+0.26%), and CAC (-0.09%) are typical of the modest moves seen as of mid-day. As of 7:45 am, US Futures are pointing to a down open. The DIA is implying a -0.33% open, the SPY implying a -0.36% open, and the QQQ implying a -0.58% open. However, that is in from of the CPI data.

The major economic news scheduled for Wednesday includes April CPI (8:30 am), Weekly Crude Oil Inventories (10:30 am), USDA World Ag Supply-Demand Est. (noon), 10-yr Note Auction (1 pm), Apr. Fed. Budget Bal. (2 pm) and 3 Fed speakers (Clarida at 9 am, Bostic at 1 pm, Harker at 1:30 pm). Major earnings reports on the day include APG, ARCO, and WWW before the open. Then, after the close, AMRK, DOX, COMP, WISH, CPNG, and VRM report.

The cyberattack on the US infrastructure is still giving the market chills as we brace for an inflation number that could give the bears fuel. Still, with expectations being that we will see the hottest inflation gain in over a decade (+3.6% on headline number), there is a chance that a slightly better than expected number helps the bulls. Yesterday’s big gap and then volatility leaves this a tough market to trade. With all that said, we still remain near all-time highs in an uptrend (at least in the large-caps) with the mid-term pullback in the QQQs still placing us just 5% from the all-time highs.

Once again I want to remind you that you don’t have to trade every day. Remember, that you set a stop for a reason and that there is no law saying you have to stick with a long (or short) if the market conditions change. Respect potential support and resistance levels and stay on the right side of the trend. If you’re not sure of the trend, stay out of the market until you do have a handle on it. As always, keep locking in your profits when you achieve your trade goals and maintain your discipline by following those trading rules. Consistency is the key to long-term trading success.

Swing Trade Ideas for your consideration and watchlist: OLN, TMUS, TSN, FCX, DDD. You can find Rick’s review of tickers on his YouTube Channel here. Trade your plan, take profits along the way, and smart. Also, remember to check for impending earnings reports. Finally, remember that any tickers we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

Hit and Run Candlesticks / Road To Wealth Youtube videos

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

Bearish Signals And Fears Point Lower

May 11, 2021 by Ed Carter

The bears took control right from the open on Monday. And despite some intraday volatility, that’s the way markets closed as well. There was a massive rotation out of the tech sector as all the FAAMGT stocks took multi-percent hits. For the day, the SPY printed a Bearish Engulfing, the DIA printed a Shooting Star type, and the QQQ printed a big ugly Evening Star pattern. All 3 closed on their lows. On the day, SPY lost 0.98%, DIA gained 0.04%, and QQQ lost a whopping 2.52%. The VXX was only up 4% to 38.29 and T2122 fell well out of the overbought area to 59.82. 10-year bond yields rose t o 1.6074% and Oil (WTI) fell slightly to $64.82/barrel.

Monday afternoon, the pipeline company (Colonial) that was shut down over last weekend by a cyberattack said its goal is to have service restored by the end of the week. RDS.A (one of the owners of Colonial) told reporters Monday that it is too early to tell how much impact the shutdown will have on product flow. The Wall Street Journal reported that this is the second major ransomware attack on the Energy sector with the first coming last year impacting a major Natural Gas pipeline network that the Department of Homeland Security did not announce and has not named. For what it is worth, the CEO of cloud and cybersecurity provider NET told CNBC that the world is seeing an unparalleled number of attacks as hackers are throwing everything but the kitchen sink against business customers right now.

A couple days ago, it was reported the birth rate in the US was down during 2020. Now, China has reported the slowest population growth in decades. Their census found a 0.53% growth rate per year, but no news was available on whether that was skewed by 2020. In both countries, the populations are aging and this will provide a significant obstacle for the economy (workforce and consumer numbers, spending habits, etc.).

Related to the virus, US infections are rising again after plateauing at a level above the fall level. The totals have risen to 33,515,308 confirmed cases and deaths are now at 595,812. The number of new cases has is falling again and are back down to an average of 40,395 new cases per day. However, deaths are still plateauing at the new lower levels, now at 648 per day. On Monday the CEO of NVAX told CNN he expects the CDC to approve his company’s vaccine in Q3, just in time to start being used as a booster shot for people that were vaccinated by other company’s vaccines early. While phrased as a positive, this is another delay in their timeline to even ask for approval. In addition, the CDC has not announced if or when boosters will be needed, nor has the agency approved the usage of different brands or types of vaccines. Elsewhere the FDA has approved the PFE-BTNX vaccine for use by 12–15-year-olds.

Globally, the numbers rose to 159,664,402 confirmed cases and the confirmed deaths are now at 3,319,534 deaths. The trends have reversed and are now trending toward trouble again as we have seen significant upticks recently. The world’s average new cases seems to have topped again at the new all-time peak and is now rounding over at 771,610 new cases per day. Mortality, which lags, may also be rounding over again at 12,878 new deaths per day. In not so hopeful news, the Philippines has detected its first two cases of the Indian 617 variant. However, on the positive side, India itself has now reported fewer than 400,000 new cases for a second day in a row.

Overnight, Asian markets were strongly in the red, with only China (Shanghai +0.40% and Shenzhen +0.35%) in the green. Taiwan (-3.79%), Japan (-3.08%), and Hong Kong (-2.03%) led to the downside. In Europe, markets are also strongly red across the board as of mid-day. The FTSE (-2.20%), DAX (-2.36%), and CAC (-2.05%) are typical of the continent. As of 7:30 am, US Futures are pointing toward a gap-down follow-through to Mondays bearish candle signals. The DIA is implying a -0.46% open, the SPY implying a -0.79% gap down, and the QQQ implying a gap down of 1.40%.

The major economic news scheduled for Tuesday is limited to Mar. JOLTS (10 am) and 5 Fed speakers (Williams at 10:30, Brainard at noon, Daly at 1 pm, Bostic at 1:15 pm, and Harker at 2 pm). Major earnings reports on the day include AEE, ARMK, HBI, IGT, PRGO, RPRX, and before the open. Then, after the close, BGS, CHK, CNR, DAR, EA, GO, KGC, and VZIO report.

The cyberattack on the US infrastructure is still giving the market chills at the vulnerability of our economy and country. Things are no worse than they were last week, but now we have a reminder right in front of us. The herd of Fed speakers today are likely to continue to recent refrains of “stimulus and loose-money policy is the right plan and the inflation pain will be temporary.” However, it appears recently that Mr. Market is no longer believing the story as rotation out of the recovery names and high-fliers continues. We remain near all-time highs in the large-caps, but it looks like the bears will get to call the tune for a while as the Nasdaq leads the pullback.

Remember, that you set a stop for a reason and that there is no law saying you have to stick with a long if market conditions change. Just respect potential support and resistance levels and stay on the right side of the trend. Keep locking in your profits when you achieve your trade goals and maintain your discipline by following those trading rules. Avoid chasing trades you have missed and don’t let your emotions get the better of you. Consistency is the key to long-term trading success.

Swing Trade Ideas for your consideration and watchlist: GIS, SDS, TSN, TZA, RWM. You can find Rick’s review of tickers on his YouTube Channel here. Trade your plan, take profits along the way, and smart. Also, remember to check for impending earnings reports. Finally, remember that any tickers we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

Hit and Run Candlesticks / Road To Wealth Youtube videos

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

Fuel Cycberattack Remains Top Story

May 10, 2021 by Ed Carter

On Friday, April Payrolls came in dramatically below expectations (+266k vs +1mil est.) and this led to a small gap higher with some follow-through the first hour. However, after that, the grind sideways (with even a bearish lean in the QQQ) lasted the rest of the day. This left the large-caps as big white candles that closed at new all-time highs, but the QQQ ended the day as a Doji still below the range of the previous 3 weeks. On the day, SPY gained 0.73%, DIA gained 0.69%, and QQQ gained 0.81%. The VXX lost more than 5.5% to 36.74 and T2122 spiked back well into the overbought territory at 92.78. 10-year bond yields rose to 1.579% and Oil (WTI) was flat at $64.82/barrel.

On Saturday, a ransomware cyberattack shut down the nations largest fuel pipeline network (which carries 45% of the fuel for the East Coast and Southeast US). While the pipeline company (Colonial Pipeline) is privately held, this report has had impacts across commodity prices, refiners, and other areas of the market. In addition, this attack likely is a follow-up on the supposedly Russian hack of SWI software in early 2020. As of Monday morning, much of the pipeline network remains shut down.

On Saturday night, the old “buy the rumor, sell the news” saying was proven again as Dogecoin fell 30% during Elon Musk’s late-night TV show appear. Must did mention the cryptocurrency in his opening monologue, but then said it was a “hustle.” That event crashed Robinhood crypto trading again as hordes of speculators tried to make it to the exit. On Sunday afternoon, perhaps in damage control mode, one of Musk’s other ventures, privately-held SpaceX announced it has named its Q122 mission “DOGE-1 Mission to the Moon” and will now accept Dogecoin as payment for lunar payloads. If nothing else, Musk certainly has the promotion routine down pat.

Related to the virus, US infections are rising again after plateauing at a level above the fall level. The totals have risen to 33,476,781 confirmed cases and deaths are now at 595,812. The number of new cases has is falling again and are back down to an average of 40,686 new cases per day. However, deaths are still plateauing at the new lower levels, now at 662 per day. As of Sunday, CDC data shows that 58% of adults (and almost 46% of the entire population) have received at least one jab. Although encouraging, it is becoming harder to increase the numbers as vaccine hesitancy and complacency are now very high among those who are in the unvaccinated popluation.

Globally, the numbers rose to 159,030,410 confirmed cases and the confirmed deaths are now at 3,308,346 deaths. The trends have reversed and are now trending toward trouble again as we have seen significant upticks recently. The world’s average new cases seems to have topped again at the new all-time peak and is now rounding over at 777,228 new cases per day. Mortality, which lags, may also be rounding over again at 12,853 new deaths per day. Spain partied Sunday as the country’s national curfew was lifted at midnight Saturday. Meanwhile, Asia remains the epicenter, with most if India under lockdown, Sri Lanka reporting record highs, Nepal closing hospital doors due to a lack of oxygen, and Pakistan feeling the impacts as well. In Japan, PM Suga said that although his country is reeling again, he will not cancel the Olympics again and if they are cancelled or pushed-back again it will be up to the Intl. Olympic Comm. to make that decision.

Overnight, Asian markets were mixed again on modest moves. South Korea (+1.63), Australia (+1.30%), and India (+0.80%) led to the upside while New Zealand (-0.56%), Singapore (-0.56%), and Taiwan (-0.29%) paced the losses. In Europe, we see the same mixed picture as of mid-morning. The FTSE (+0.06%), DAX (-0.19%), and CAC (-0.25%) are tropical of the continent, with Greece (+1.68%) an outlier at this point in the day. As of 7:30 am, US Futures are pointing to a mixed open on modest moves. The DIA is implying a +0.31% open, the SPY implying a flat +0.08% open, and the QQQ implying a -0.34% open.

There is no major economic news scheduled for Monday. Major earnings reports on the day include APD, BNTX, DBD, DUK, ENR, ES, GTES, GEO, J, MAR, REV, SGMS, TGNA, TSN, USFD, VTRS, and WB before the open. Then, after the close, ADV, ACM, BHF, ELY, CAPL, G, IFF, NLOK, OXY, RXT, RBLX, SCSC, SPG, UWMC, and WYNN report.

The cyberattack on the US fuel infrastructure and news everywhere of skyrocketing prices seem to be the main drivers in early premarket trading. So, the bears may find some traction early this week. However, Friday’s weak payroll number, and the blow-out earnings numbers we have seen imply that companies having cover for price increases may have a lot more to do with the situation than inflation. Regardless of this situation, we sit at all-time highs in a market that is technically extended. So, the bulls have had the short-term momentum but the bears have the reason in their corner today.

Remember, respect potential support and resistance levels and stay on the right side of the trend. Just keep locking in your profits when you achieve your trade goals and maintain your discipline by following those trading rules. Avoid chasing trades you have missed and don’t let your emotions get the better of you. It is consistency that is the key to long-term trading success.

Swing Trade Ideas for your consideration and watchlist: NKLA, GM, TLRY, KBH, CLF, LUMN, AG. You can find Rick’s review of tickers on his YouTube Channel here. Trade your plan, take profits along the way, and smart. Also, remember to check for impending earnings reports. Finally, remember that any tickers we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

Hit and Run Candlesticks / Road To Wealth Youtube videos

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

April Employment Situation

May 7, 2021 by Doug Campbell

Today is all about the April Employment Situation number and how the market will react as the economy heats up. Economists suggest the number could top 1 million. With the Fed warnings that the rapid increase in asset prices poses a significant economic risk, inflation impacts could soon change the easy policies. Making new record highs in the Dow yesterday and pushing higher still in the premarket, the bulls seem undeterred, at least for the moment. However, it may be wise to reduce some risk heading onto the weekend depending on the reaction to jobs data.

Asian markets closed mostly lower but near the flatline overnight. European markets are, however, decidedly bullish this morning, with the DAX surging more than 1.3%. Ahead of earnings and jobs data, the futures point to possible new records at the open as we wait on the release of the Employment Situation data. Stay focused; it could be a wild morning of price action.

Economic Calendar

Earnings Calendar

We have a lighter day on the earnings calendar but still have more than 125 companies reporting. Notable reports include AMCX, CI, CNK, CIO, CRON, DKNG, ELAN, ERF, FLR, LEA, NKLA, RUTH, SPB, TU, & VTR.

News & Technicals’

All eyes will be on the April Employment Situation number coming out before the bell this morning. Consensus expects new jobs will top 1 million, but that number could also be hot enough to consider the unwinding the easy Fed policies. The pandemic situation in India continues to worsen, with more than 400,000 infections for the 3^rd time this week. In the last seven days, the country total stands at 2.7 million cases. Treasury yields turned slightly higher early this morning, with the 10-Year rising to 1.575% and the 30-year edging up to 2.247% ahead of today’s jobs report. In a report, yesterday afternoon Fed warned that the rising asset prices pose an increasing threat to the financial system. “Asset prices may be vulnerable to significant declines should risk appetite fall,” the central bank said. Well, thank you very much, Captain Obvious! Who would guessed that printing nearly 19 Trillion in one year would have significant financial impacts?

However, a warning from the Fed did not detur the bulls yesterday, pushing the Dow to new record highs in a substantial late-day surge. The push continues this morning in the premarket, with the futures currently pointing to a bullish gap-up open ahead of the Jobs report. Ths SPY also had a good day yesterday, putting it in striking distance of a new record at the open. That said, the tech sector remains the problem child below a substantial price resistance, facing higher bond prices and a severely expanding chip shortage. We have partied for an entire year on easy Fed policy and massive money printing. The trend remains bullish, so stay with it as long as it lasts, but one must consider the magnitude of the hangover lurking in the near future.

Trade Wisely,

Doug

April Unemployment and Payrolls on Tap

May 7, 2021 by Ed Carter

Markets opened flat after Jobless Claims came in better than expected and then vacillated sideways in a range most of the day. However, a rally the last hour took all 3 major indices out near their highs. This left us with strong white candles in all 3 indices and the DIA printed another all-time high close while the SPY is close to challenging the top of its own 3-week range. On the day, SPY gained 0.80%, the DIA gained 0.94%, and the QQQ remains the lowest of the three, but gained 0.75%. The VXX fell half a percent to 38.95 and T2122 fell slightly to 72.07. 10-year bond yields closed flat at 1.57% and Oil (WTI) fell more than a percent to $64.86/barrel.

Late in the day, the Fed published a report that warns investors to watch for significant declines in asset prices as high valuations have stretch markets. However, that did not prevent bulls from driving higher into the close. Also during the day, SEC Chair Gensler told Congress that trading has been “gamified” by features of some brokers like Robinhood. He also reiterated that he has asked SEC staff to investigate the “payment for order flow” system that routes orders through firms like Citadel and VIRT and is now the backbone of online brokers. Finally, he told the House Financial Services Committee that social media hype is a major concern for markets and crypto markets in general are lacking in investor protections (implying regulation may be needed).

After getting hammered Wednesday on the news of their treadmill recall, PTON made a small rebound (+1.4%) on Thursday. Then after hours, the company reported an earnings beat on both lines (albeit with earnings just as a lesser loss than expected). This included a 143% increase in sales, but also announced it will take a $165 million hit due to the recall. Finally, due to the recall, the company has also postponed the planned launch of a cheaper treadmill model that had been scheduled to go on sale at the end of May.

Related to the virus, US infections are rising again after plateauing at a level above the fall level. The totals have risen to 33,369,192 confirmed cases and deaths are now at 594,006. The number of new cases has is falling again and are back down to an average of 46,288 new cases per day. However, deaths are still plateauing at the new lower levels, now at 677 per day. A new Kaiser Foundation survey found that the JNJ vaccine pause last month caused 9% of Americans to change their mind and remain unvaccinated and 7% to say they less likely to want any company’s vaccine. In better news, the CD Vaccine Advisers Committee scheduled a meeting for next week to discuss expanding the approved age ranges for PFE vaccine and follow-up on earlier discussions related to the JNJ blood-clotting issue.

Globally, the numbers rose to 156,784,352 confirmed cases and the confirmed deaths are now at 3,272,175 deaths. The trends have reversed and are now trending toward trouble again as we have seen significant upticks recently. The world’s average new cases seems to have topped again at the new all-time peak and is now rounding over at 793,820 new cases per day. Mortality, which lags, may also be rounding over again at 12,901 new deaths per day. India reported yet another record of well over 414,000 new cases Friday. They also reported another state (around Goa) where the test positivity rate now exceeds 50%. (The worst part of this is that Goa is a major tourist destination and tourism has not stopped due to religious festivals and holiday plans in that part of the world.)

Overnight, Asian markets were mixed again, but overall leaned modestly to the green side. Shenzhen (-1.95%) took the biggest hit and was an outlier. Taiwan (+1.71%) was an outlier to the upside and most exchanges had much more moderate moves. In Europe, with the exception of Greece, markets are strongly green across the board. Among the big 3 exchanges, the FTSE (+0.61%), DAX (+1.31%), and CAC (+0.19%) are all positive so far. As of 7:30 am, US Futures are pointing to a modestly green open as traders wait on the April Payrolls and Unemployment numbers.

The major economic news scheduled for Friday includes Apr. Nonfarm Payrolls, Apr. Participation Rate, Apr. Avg. Hourly Earnings, and Apr. Unemployment Rate (all at 8:30 am). Major earnings reports on the day include AMCX, AXL, AMRX, ATH, CLMT, CI, SSP, ELAN, FLR, GCI, GLP, GVA, HE, IEP, IBP, ITT, LEA, MODV, QRTEA, SPB, TU, TIXT, and VTR before the open. Then, after the close, UNVR reports.

The bulls found some traction Thursday, but the mega-cap high-tech QQQ still remains in a short-term downtrend and the SPY has yet to break out of its recent range. Payrolls are likely to call the tune for early trading today, but long periods of vacillation, punctuated with bursts of volatility remain the mode of the market. So, continue to be careful, hedged, and/or nimble.

The first rule of successful trading is “don’t lose money,” not “trade every day.” Remember, you don’t have to trade every day or every week. When you do trade, respect potential support and resistance levels, but you don’t have to assume they will hold. Just keep locking in your profits when you achieve your trade goals and maintain your discipline by following those trading rules. Stick with the trend, but also avoid chasing trades you have missed. Don’t let your emotions get the better of you. It is consistency that is the key to long-term trading success. Finally, remember it’s Friday. So, don’t forget to pay yourself.

Swing Trade Ideas for your consideration and watchlist: No trade ideas today (Rick is out). You can find Rick’s review of tickers on his YouTube Channel here. Trade your plan, take profits along the way, and smart. Also, remember to check for impending earnings reports. Finally, remember that any tickers we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

Hit and Run Candlesticks / Road To Wealth Youtube videos

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

Finally, a Consolidation Breach

May 6, 2021 by Doug Campbell

Though beginning with a volatile pop and drop, the bulls finally mustered the energy to breach the wide-range consolidation, briefly touching a new record high. Unfortunately, the pop and drop won the day in the SPY, QQQ, and IWM closing below the previous day. Today, we have nearly 375 earnings reports and a jobless number, so expect the challenging price action to continue. Futures are pumping up the premarket, so keep an eye out for yet another pop and drop open.

Asian markets traded mixed but mostly higher, led by the NIKKEI surging 1.80% even as the SHANGHAI closed marginally lower. European markets chop around the flatline as they wait on the Bank of England policy decision. U.S futures are pushing for a bullish open with a big day of earnings data and the latest reading on jobless claims. Buckle up and remember to plan for the employment situation number before the bell Friday morning.

Economic Calendar

Earnings Calendar

Today we have the largest number of earnings reports so far this quarter, with nearly 375 fessing up to quarterly results. Notable reports include AMC, AL, ALL, ABEV, AIG, ANGI, BUD, APLE, MT, BLL, BDX, BYND, APRN, BIP, CAH, CARS, CVNA, CNP, NET, ED, DDOG, XRAY, DBX, LOCO, ET, EXPE, FVRR, FLIR, GPRO, GPRN, HL, IAC, IRM, K, LYV, MGA, MAIN, MCK, MCHP, MRNA, MNST, MUR, NCLH, NRG, OTE, PZZA, PK, PTON, PENN, PLNT, POST, PLL, RMAX, REGN, ROKU, SBH, SEAS, SHAK, SFM, SQ, STMP, STOR, SPWR, TPR, TDC, THS, TRIP, UMH, OLED, VER, VIAC, W, WPM, YELP, & ZTS.

News and Technicals’

We finally had a slight breach of the wide-range consolidation that began nearly three weeks ago as the Dow managed to reach out to a new record high yesterday briefly. India’s health ministry showed more than 412,000 new infections over 24 hours, pushing 21 million. Worries are growing that the prolonged outbreak could lead to new variants that would threaten the global progress of the pandemic. On a bright note, in the suffering tech sector, the 10-year treasuries note slipped lower this morning to 1.58% though the 30-year crept higher to 2.262% ahead of the weekly Jobless Claims. The forecast is that 527,000 new unemployment claims were filed last week.

As the DIA breaks the consolidation log jam, the tech-laden SPY popped and dropped yesterday, still challenged by the price resistance above. The QQQ also tried to move higher yesterday morning, but sellers eventually won the day, closing the day below the previous day’s close. IWM also slid slightly lower even as the oil and financial sectors pushed higher. With a considerable number of earnings reports and Jobless Claims before the open, the futures are again trying to pump the buying enthusiasm currently pointing to a bullish open. At the risk of sounding like a broken record, watch out for the possible pop and drop at the open. Keep in mind as you plan your risk forward, we will get the employment situation number before the open Friday. An open gap is possible, so plan accordingly.

Trade Wisely,

Doug

Jobless Claims Today UK Raises Forecast

May 6, 2021 by Ed Carter

Markets gapped higher marginally at the open Wednesday. From there, the large-caps vacillated sideways all day, while the QQQ dols off after the morning grind. This left us with a shooting star type candle (new all-time high close) in the DIA, and black candles in the SPY and QQQ. On the day, SPY gained 0.03%, DIA gained 0.23%, and QQQ lost 0.34%. The VXX fell 2.5% to 39.19 and T2122 rose, but remains outside the overbought territory at 75.14. 10-year bond yields fell significantly again to 1.57% and Oil (WTI) fell six-tenths of a percent to $65.30/barrel.

PTON lost 14.56% on Wednesday after announcing the recall of all their treadmills due to the risk of death. During the afternoon, SEC Commissions Gensler told Congress that he has a team studying the gamification of trading caused by features of brokerages like Robinhood. He also raised concern about the flood of orders that are routed through Citadel, VIRT, and a few other “order buyers.” He followed this by stating that he has asked the SEC staff to solicit public comment (a pre-requisite step to changing regulations on brokerages). So, action may be on its way…slowly.

After the close, Fed member Clarida told CNBC that he feels the Fed is a long way from the goals they have set and are therefore a long way from tightening policy (regardless of Treasury Sec. Yellen’s Tuesday statement). While certainly not definitive, this is an indication the Fed is signaling it will remain independent (or at least wants to be seen as independent) of comments and opinions of government entities. In unrelated central-bank news, the Bank of England has announced that it expects UK growth to surge 7.25% this year (a 2% increase over the previous 5% forecast and slightly above market analyst estimates for the revision).

Related to the virus, US infections are rising again after plateauing at a level above the fall level. The totals have risen to 33,321,244 confirmed cases and deaths are now at 593,148. The number of new cases has ticked lower again and are back down below last summer’s peak to an average of 47,945 new cases per day. However, deaths are still plateauing at the new lower levels, now at 718 per day. MRNA announced after the close that unpublished early testing from an ongoing trial is indicating that a booster shot of their vaccine is showing promising immunity results against the South African and Brazilian variants. (No word on the “617” double-mutation variant that is ravaging India now.) In no so good news, the CDC announced Wednesday that the number of vaccine doses administered is now 20% lower than one week ago, despite more than adequate supply. This problem is highlighted when CVS announced they are now taking walk-ins for vaccination at more than 8,300 retail locations.

Globally, the numbers rose to 155,922,329 confirmed cases and the confirmed deaths are now at 3,258,293 deaths. The trends have reversed and are now trending toward trouble again as we have seen significant upticks recently. The world’s average new cases seems to have topped again at the new all-time peak and is now rounding over at 800,022 new cases per day. Mortality, which lags, may also be rounding over again at 13,085 new deaths per day. The catastrophe in India continues as the country reported yet another peak of over 412,000 cases (which is staggering since most experts believe this to be an undercount by a magnitude of at least 3 times). However, in some good news, a study out of Qatar shows the existing PFE-BNTX vaccine is effective against the same 2 variants, but like with the MRNA news, no mention of the news “double-mutation” (617) variant.

Overnight, Asian markets were mixed, but leaned to the green side. Japan (+1.80%) and Thailand (+1.46%) led the gains while Shenzhen (-1.58%) and New Zealand (-0.75%) paced the losses. In Europe, markets are also mixed and mostly flat on very modest moves so far today. The FTSE (+0.21%) is the exception, making a bigger move on the new BOE growth forecast. However, the DAX (+0.05%) and CAC (+0.07%) are more typical as of mid-day. As of 7:30 am, US Futures are pointing to a flat, if slightly green open (at least before economic data releases). The DIA is implying a +0.15% open, the SPY implying a +0.13% open, and the QQQ implying a +0.20% open.

The major economic news scheduled for Thursday is limited to Weekly Initial Jobless Claims, Q1 Productivity, and Q1 Unit Labor Costs (all at 8:30 am) and 4 Fed speakers (Williams at 9 am, Bostic and Mester at 1 pm, and Kaplan at 6:05 pm). Major earnings reports on the day include GOLF, AHCO, ADNT, AES, ABEV, BUD, APTV, MT, ARW, AVYA, BLL, BDX, BV, BIP, BLDR, CNQ, CAH, CNP, COMM, XRAY, UFS, SATA, EPC, EPAM, AVRG, EXPI, FIS, FLIR, HAIN, HWM, HII, IIVI, NSIT, IRM, K, KL, KTB, LIN, MGA, MMS, MDU, NIDD, MRNA, MUR, NJR, NLSN, NOMD, NRG, OGE, OPCH, PAE, PZZA, PENN, PRMW, PWR, REGN, SBH, SRLP, SUN, TPR, TRGP, TEN, TMX, BLD, THS, VNTR, VIAC, VSTO, VNT, W. WCC, and ZTS before the open. Then, after the close, AL, AQN, LNT, AIG, COLD, AMN, BECN, BKD, CVNA, ED, CVET, BAP, CWK, DBX, ENDP, EOG, EXPE, FND, FNF, FRG, IAC, IHRT, MTZ, MCK, MTD, MCHP, MNST, MSI, NFG, NWSA, OTEX, CNXN, PTON, PFSI, POST, QDEL, RGA, REZI, ROKU, SEM, SWX, SFM, SQ, TDS, TDC, TSE, and USM report.

The bulls tried and were met with immediate resistance Wednesday. The high-tech Nasdaq was protected especially strongly by the bears as the QQQ now looks to be in a definite pullback and trying to test support. Meanwhile, the large-caps remain in that sideways range they have been stuck in for going on 3 weeks. As I’ve said, indecision and chop are not a good environment for most traders. So, continue to be very careful, hedged, and/or nimble.

Remember, you don’t have to trade every day or every week. The first rule of successful trading is “don’t lose money,” not “trade every day.” So, respect potential support and resistance levels, but you don’t have to assume they will hold. Just keep locking in your profits when you achieve your trade goals and maintain your discipline by following those trading rules. Stick with the trend, but also avoid chasing trades you have missed. Don’t let your emotions get the better of you. It is consistency that is the key to long-term trading success.

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

Hit and Run Candlesticks / Road To Wealth Youtube videos

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

Another Whipsaw

May 5, 2021 by Doug Campbell

With Yellen suggesting the higher rates may be on the way to prevent the market from overheating, she created a nasty market whipsaw that produced some technical damage in the QQQ. On the other hand, the DIA bounced strongly enough to set up a new record high for the index if it can follow through today. Unfortunately, that’s been the problem for the last couple of weeks; inability to follow through! With a big day of earnings and private payroll number just around the corner, one has to wonder who it will inspire today? Bulls or Bear?

Overnight Asian markets closed in the red with modest declines across the board. However, European markets are decidedly bullish this morning, with the DAX up more than 1%. Ahead of earnings and jobs data, the Dow futures are trying to add to yesterday’s whipsaw rally, pointing to bullish open. Be careful rushing in until we see some actual follow-through buying. Remember, the pop and drops of late in this wide-ranging consolidation can be very punishing.

Economic Calendar

Earnings Calendar

The hump day earnings calendar is a busy one, with more than 200 companies scheduled to reveal quarterly results. Notable reports include GM, ALB, ABC, GOLD, BKNG, BWA, CERN, CF, CLH, CYBR, EMR, ETSY, FSLY, FOX, GDDY, HLT, HFC, HUBS, KTOS, LNC, LL, MTW, MRO, MET, NYT, NVO, NUS, PYPL, QRVO, QLYS, RLT, RGLD, SMG, SSYS, RGR, RUN, SKT, TRMB, TUP, HEAR, TWLO, UBER, WW, & ZNGA.

News & Technicals’

Janet Yellen spouted off about the need to raise rates to prevent the market from overheating, creating nasty whipsaw intraday. She later clarified that she is not predicting it will need to go up or as to when it will be necessary. Well, thank you very much! If the volatility created cost you some money yesterday, make sure to send her a thank you card. Yellen then said, “We propose to raise the global minimum tax and to close tax loopholes that allow American corporations to shift earnings abroad,” at the Wall Street Journal’s CEO Council Summit. Get ready for global taxation. President Joe Biden set the goal of getting 70% of U.S. adults to receive at least one dose of a Covid vaccine by July 4. The White House will also aim to have 160 million adults fully vaccinated by Independence Day, senior administration officials said. Treasury yields declined yesterday, but this morning ahead of the private payrolls, data have once again started to creep higher. The 10-year traded at 1.605% this morning, and the 30-year edged higher to 2.278%.

Yesterday’s price action produced some technical damage in the QQQ, with the index dropping through support levels of price and current trend. That left behind a somewhat significant price resistance level that the tech sector will now have to overcome. However, the DIA produced a strong bounce-off of price support to create possible new record highs if the index can find the energy to follow through today. The bounce in the SPY was also productive, but it also now has a price resistance level to deal with to move higher. One thing for sure this wide-ranging consolidation filled with chop and whipsaws is challenging and very frustrating. Be careful not to overtrade! Today begin to focus on jobs numbers, the private payrolls, jobless claim on Thursday, followed by the Employment Situation numbers Friday morning. Stay focused and flexible with more than 200 companies reporting and inflation worries and all the talk of higher rates and taxes; there is a lot for the investors to digest. Anything is possible.

Trade Wisely,

Doug

Yellen Walks Back Remark as Doge Soars

May 5, 2021 by Ed Carter

Markets gapped down Tuesday and followed through to the downside in the morning, especially in the high-tech-heavy Nasdaq. From that point forward there was a very slow, gradual rally the rest of the day. This left us with gap-down Hammer-type candles in all 3 major indices. Both the large-cap indices remain in the recent range, but the QQQ gapped down below that range. On the day, SPY lost 0.59%, DIA gained 0.11%, and QQQ lost 1.80%. The VXX gained almost 3.8% to 40.21 and T2122 fell out of the overbought territory to 65.48. 10-year bond yields fell significantly to 1.582% and Oil (WTI) rose about 2% to $65.76/barrel.

During the day, Treasury Sec. Yellen told a conference that US interest rates may need to be raised modestly to keep economic growth from overheating after the trillions of dollars in stimulus. However, she followed up quickly by saying these were needed investments and will improve our competitiveness and economic growth in the longer run. Interestingly, while this news was widely publicized immediately, the market did not react strongly to the downside, despite the implied threat of inflation. Nonetheless, afterhours Yellen clarified her remarks saying she was not predicting or recommending a Fed rate hike. Instead, she said was just offering her opinion.

Crypto mania has hit again, this time in Doge as the currency rose 35% Tuesday and is up another 20% in premarket today. The surge in orders has crashed Robinhood crypto trading again this morning. Much of the enthusiasm comes from an Elon Musk tweet touting his appearance on Saturday Night Live on May 8, referring to himself as “The Dogefather.” So, speculators are hoping he will say something on the show that will bring in new buyers of Doge tokens.

Related to the virus, US infections are rising again after plateauing at a level above the fall level. The totals have risen to 33,274,659 confirmed cases and deaths are now at 592,409. The number of new cases has ticked lower again and are back down below the peak level from last summer to an average of 49,396 new cases per day. However, deaths have plateaued again, now at 718 per day. On Thursday, President Biden announced a new national goal that at least 70% of Americans have at least on vaccination shot by July 4 and also to have over half the population (160 million) fully vaccinated by then. This goal anticipates a drop-off in demand for vaccine. However, vaccine reluctance will still be a major hurdle with current vaccination rates down 50% from just 3 weeks ago.

Globally, the numbers rose to 155,061,321 confirmed cases and the confirmed deaths are now at 3,243,519 deaths. The trends have reversed and are now trending toward trouble again as we have seen significant upticks recently. The world’s average new cases continue to rise and is now at the all-time peak and with 805,993 new cases per day. Mortality, which lags, is also rising again at 13,192 new deaths per day. Although India remains the global epicenter, the entire Asian region is feeling the impact of the current surge from variants. In Osaka Japan, ICU beds are at 99% capacity as of Tuesday. Pakistan, Nepal, and Sri Lanka are all also implementing measures to get more oxygen as the wave spreads to their countries.

Overnight, Asian markets were mostly in the red. Thailand (-2.14%) was an outlier, but Japan (-0.83%), Shanghai (-0.81%), and Hong Kong (-0.49%) were typical of the region. However, in Europe, markets are strongly green across the board so far Wednesday. The FTSE (+1.17%), DAX (+1.33%), and CAC (+0.80%) are typical, but some of the smaller exchanges have rallied twice as hard as the majors. It appears the catalyst was business activity (Purchasing Manager’s Index) and good earnings. As of 7:30 am, US Futures are also pointing to the upside. The DIA is implying a +0.17% open, the SPY implying a +0.29% open, and the QQQ implying a +0.50% open.

The major economic news scheduled for Wednesday includes ADP Employment report (8:15 am), Services PMI (9:45 am), ISM Non-Mfg. PMI (10 am), Crude Oil Inventories (10:30 am), and 3 Fed speakers (Evans at 9:30 am, Rosengren at 11 am, and Mester at noon). Major earnings reports on the day include ABC, AAQQ, GOLD, BDC, BWA, BRKR, CDW, CERN, CLH, CNHI, DNB, EMR, EXC, FLEX, FTS, GM, HLT, HFC, JLL, NI, ODP, OMI, PSN, PFGC, PNW, PEG, REYN, SMG, SRE, SBGI, SITE, SPR, SGRY, TT, VRTV, WAT, and WRK before the open. Then, after the close, ADT, ALB, APA, ATO, EQH, BKNG, CENTA, CENT, CF, CLW, CTSH, CNDT, CXW, CW, DCP, EC, NVST, EQT, WTRG, ETSY, FLT, FMC, FOXA, GIL, GDDY, HUBG, LHCG, LBTYA, LNC, LUMN, MRO, VAC, MELI, MET, NUS, PTVE, PARR, PYPL, PRI, PRIM, QRVO, RCII, RSG, RKT, RYI, SJI, STN, TRMB, TPC, TWLO, UBER, UGI, UNM, YELL, and ZNGA report.

The bears made a push Tuesday morning but never managed to move the large caps outside of their recent range. Then the bulls mounted a slow, but consistent, rally the rest of the day. This left us well up from the lows and (with the exception of the QQQ) back in the middle of that sideways range. With the way Tuesday ended and the way pre-markets are looking now, it appears the bulls will make the first move today. However, day-to-day chop is still the main characteristic of this market. So, continue to be careful.

Remember, you don’t have to trade every day or every week. Respect potential support and resistance levels. Stick with the trend (when you have one), but also avoid chasing trades you have missed and be nimble. Lock in your profits when you achieve your trade goals and maintain your discipline by following those trading rules. Don’t let your emotions get the better of you. Consistency is the key to long-term trading success.

Swing Trade Ideas for your consideration and watchlist: RHI, SYF, RIG, WETF, WFC, UEC, XOM, LPX, DHI, DISH. You can find Rick’s review of tickers on his YouTube Channel here. Trade your plan, take profits along the way, and smart. Also, remember to check for impending earnings reports. Finally, remember that any tickers we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

Hit and Run Candlesticks / Road To Wealth Youtube videos

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching