In my new webinar, “The Ultimate Down Market Defense”, I'm going to reveal how the recent dip gave me $282,551 in profits with just 5 ETF’s.
Even better, discover how to both profit and add additional position – so you profit even more on the next upswing. Join us in this revolution on Saturday, February 16th at the stroke of noon EST.
Register now for this FREE Webinar so you can protect your account with the Ultimate Down Market Defense.
Tomorrow, you could begin doubling your account every single month starting with one letter.
The letter will come from a 20-year trading professional named Ian Cooper. He says, “In 2017, following my trades you would be doubling even tripling your account some months. Let me show you how.”
He will show you exactly what to do... and he’ll give you the blueprint for just $1.
2019 is offering us two “Gold Rush” stories to own now.
One, of course, there is the marijuana boom story, which we’ve spoken about before.
The other is 5G – a potential $1.3 billion story that could provide us with speeds up to 100x faster than 4G networks. Speed like that is a game-changer.
And I can tell you – it’ll have monster potential not just on society, but on your portfolios.
When 3G hit, it gave the world access to mobile television and video on demand. As a result, stocks like Broadcom soared more than 240%. Qualcomm jumped more than 260%.
Then 4G hit, and stocks like Crown Castle jumped more than 540%.
Imagine what’ll happen to stocks when technology that’s 100x faster than 4G hits!
Now 5G is Rolling Out
Companies will begin to roll out 5G, or 5th generation mobile networks. The goal is to provide quicker Internet speeds for users. The other objective of 5G is to help usher in the next wave of human-technology interaction, such as with the Internet of Things (IoT) and autonomous cars.
4G has a download speed of 100 megabits per second.
Lee Gettess is a top trader who is excited to bring you his video newsletter. Each week, Lee will share his predictions on what he anticipates from the bond and S&P markets.
Finding support and resistance for a day-trader can keep him alive in a volatile market. Here’s one idea, implemented with others, to find those target areas.
My personal preference for day-trading and short-term trading is to buy dips and sell rallies.
Two components are needed to make this strategy work. First, you have to be trading in the direction that gives you the best chance of success. Second, you have to be able to identify potential support or resistance for that trading day. I’ll discuss one technique from each of these components that make up my day-trading approach.
The first step is to determine which way the market is likely to go today - in other words, is the trend up, down or sideways?
One method to determine the market trend involves a couple of old standby technical indicators that are available on virtually any charting software: the Moving Average Convergence Divergence (MACD) and the stochastic indicators. These oldies but goodies really can be useful when used in the proper combination.
Look at both the MACD and the Slow Stochastic on a daily chart to determine in which direction you want to trade the next day. For the MACD, I use a little longer time value for my inputs than the standard – say, around a 10-30-10 exponential moving average combination. I also use a slow stochastic indicator with an input value of somewhere around 20 days.
The first profit opportunity we will review is in GBT, or Global Blood Technologies, Inc. GBT develops oral medicines for the treatment of chronic blood-based diseases and severe genetic disorders.
The monthly chart shows that if GBT was bullish from the late 2016 low until the early 2018 high. After that, it experienced a significant decline. Now the monthly chart has a potential higher low bottom setup. Since higher low bottoms point to higher high tops, the next upside target is above last year’s high, with key support at last year’s low.
The daily chart shows that GBT has been in an overall bull trend since 2017. As you can see, GBT is on the verge of breaking through a trading range that lasted most of last year. A trading range breakout can result in a significant advance. The next upside target would be last year’s high.
We are going to review a Call Debit Spread for GBT. Traders who want more leverage can buy GBT calls. GBT has options expiring in February, March, April, June, September, January 2020, and January 2021. Click Here to follow this trade.
PLEASE READ: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC’s website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. You should always consult with your own professional advisers regarding equities and options on equities trading.
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