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Hey Trendsters! Get ready for a wild ride through the markets today. We've got a true underdog story that proves retail investors have the power to shake things up. A little-known biotech company just delivered a knockout punch to cancer ā and its stock price followed suit. But that's not all we're unpacking today. Our Chart of the Day dives into Tesla's recent moves, analyzing those crucial Fibonacci levels to help you get a pulse on upcoming market maneuvers. And of course, we'll keep you in the loop with our Market Moving News and a sprinkle of fun trivia to brighten your trading day. Keep on reading, for the market waits for no one, and today, itās all about staying ahead of the curve. š |
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Tackle the Cost of Living Crisis with a Unique Trading Strategy |
Hereās one BIG reason why so many folks feel like they need to target extra income right now. Since the pandemic, the cost of living has gone skyward. It's out of control! In fact, in just the last year alone we saw the average cost of a new mortgage go from $1,427 all the way to $2,047 a month.
That's nearly a $600 increase every single month!
Learn how this legendary Trader has been using this Trading Technique to target extra income on the weekends if you follow this link.
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Job Surge Sparks Market Optimism |
As the curtain fell on last weekās market drama, the S&P 500 and Dow Jones Industrial Average found their footing, emboldened by a labor market thatās not just surviving but thriving. The Labor Departmentās March employment report served as a beacon, guiding investor sentiment to firmer ground.
Nonfarm payrolls soared, outpacing the forecasts with a robust addition of 303,000 jobs, while wage growth played a steady tune, easing the inflationary crescendo that had markets on edge. The unemployment rate held steady, a mere whisper away from historic lows, painting a picture of an economy with its gears well-oiled and running smoothly.
Benchmarks at a Glance: - S&P 500: Ascended by 57.13 points to 5,204.34, though it took a 1.0% dip over the week.
- Dow Jones Industrial Average: Climbed 307.06 points to close at 38,904.04, a weekly descent of 2.3%.
- Nasdaq Composite: Increased by 199.44 points, reaching 16,248.52, down by 0.8% for the week.
The yield on the 10-year Treasury note ticked up, and the VIX index, that barometer of market nerves, calmed slightly. Meta Platforms and Netflix led the charge in the communication sector, with Metaās shares hitting a record high, up a staggering 49% for the year.
Energy stocks rode the wave of rising oil prices, with the S&P 500 Energy Index closing at an all-time high, despite geopolitical tensions simmering in the Middle East. Meanwhile, the Russell 2000 Index, though up for the day, retreated over the week.
Investors seem to be striking a balance, trading the prospect of rate cuts for a robust economic outlook. With corporate earnings tied to the economyās pulse, a stronger forecast could herald higher valuations and stock prices. Yet, as we peer into the week ahead, the technicals suggest the marketās heartbeat still requires some fine-tuning.
For the discerning Trendster, this is a moment to align strategies with the marketās tempo. As the economic engine shifts gears, the opportunity lies in the interplay of resilience and anticipation. |
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$25,000 into $109,616 in two months? |
Today I want to show you how our research shows you couldāve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that existsā¦ Itās a revolutionary software system that tracks the moves of institutional investorsā¦. in real timeā¦ Which means we can now pile into the same exact stocks institutions are buying or sellingā¦ as itās happening. And in the last 2 months, this system has scored an insane 93.5% win rate across 60+ issued trade alertsā¦ Giving over 450 regular traders like you a chance to nail 56 winners out of 60 issued trades.
Now Iām not promising youāll get the same resultsā¦ or that you wonāt have any lossesā¦ But if you want to see how this new trading tool works plus get in on the very next tradeā¦
Go here to watch the most recent trading workshop video at no charge. |
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When the Fed Talks, the Market Walks (or Runs!) |
Remember those cartoons where the ground would shake and rumble right before a character took off at lightning speed? That's kind of how the market reacted to the latest jobs report.
The Fed has been laser-focused on taming inflation, and with the job market still scorching hot, they're likely to keep interest rates higher for longer. Investors, a bit spooked by this, initially sent stocks tumbling. But hey, the market is nothing if not unpredictable, and by Friday it seemed to realize that a strong economy could also mean healthy corporate earnings.
The takeaway? When it comes to Fed pronouncements and economic data, the market's first reaction isn't always the final one. |
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Tesla's chart is whispering a story of technical patterns and market sentiment. Fibonacci retracements are hinting that we might be nearing a bottom after a significant pullback. This aligns with the recent wave of negativity around the company and its revenue dips.
Could this be the turning point? For those with a long-term outlook and a stomach for volatility, it might be a strategic time to start accumulating shares. Remember, technical analysis is just one tool in the investor's toolbox. Company fundamentals, market trends, and your own risk profile also play a vital role.
But one thing's for sure: whether you're a Tesla bull or a skeptic, this chart demands attention. It's a reminder that even the most hyped stocks can experience dramatic swings, driven by a mix of technical patterns and real-world news. |
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Why is 9:22am the Best Time of Day to Trade? |
If you havenāt gotten the results you want or deserve from your trading (yet)... This might be the answer. A 24-year trading veteran from Austin, Texas found a one-minute market window ā¦ And it opens every morning at the same time. This one minute window is exactly the time when the market makers ātip their hatā or (unintentionally) reveal the #1 stock of the day.
Tap here to find out more about this method today |
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Retail Investors Strike Gold with Candel Therapeutics
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Remember those underdog stories that warm your heart? Well, Candel Therapeutics ($CADL) is one for the books. The stock's recent 320% surge is a testament to the power of retail investors who saw potential early on. The catalyst? Promising results from a Phase II pancreatic cancer trial where their lead drug, CAN-2409, demonstrated significant survival benefits compared to standard care.
This win wasn't just for retail investors ā insiders with substantial stakes in the company also reaped the rewards. This strong insider ownership signals belief in the company's long-term prospects. Why the Excitement?
Pancreatic cancer has a notoriously dismal prognosis. Candel's breakthrough could be life-changing for patients facing limited options. If CAN-2409 wins eventual approval, it has the potential to shake up the market. Moreover, the company has promising data readouts in other cancer types on the horizon.
Bottom Line: While the journey for this clinical-stage biotech is far from over, Candel's success underscores the impact retail investors can have. It's a reminder that sometimes the biggest opportunities lie in the less-hyped corners of the market.
But remember, biotech is a high-risk, high-reward game. While the upside for Candel looks promising, with potential catalysts coming up in lung and prostate cancer, it's crucial to weigh the risks. |
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Analysts and Newsmakers Stir the Pot |
It's a mixed bag out there, folks! Here's the rundown on who's hot and who's not:
Analyst Upgrades = Stock Surges: Agilent Technologies (A), Cinemark (CNK), Krispy Kreme (DNUT), Ollie's Bargain Outlet (OLLI), Public Storage (PSA), Snowflake (SNOW), and Western Digital (WDC) all got a boost from positive analyst ratings. Upgrades aren't always a magic bullet, but it shows these companies have captured some Wall Street love.
The Tesla Factor: Tesla (TSLA), however, took a hit after news of a planned low-cost EV. Price competition, especially from China, is shaking up the market.
Earning Season Warm-Up: Get ready for the main event! Big banks like Citigroup (C), JPMorgan Chase (JPM), and Wells Fargo kick off earnings season this week. This is where we find out if the hype is real, so keep those popcorn bowls handy. The Fed Factor: Jobs Report Resets Expectations Last Friday's jobs data was a surprise, showing healthy hiring across the board. Wage growth was less alarming than feared. The implication? The Fed might not be done hiking rates just yet. Cue the market jitters and a jump in Treasury yields as investors reposition. Inflation Watch: Is This a Trend or a Blip?
This week, the CPI and PPI reports take center stage. Are recent inflationary flares a temporary thing, or are we back on a rising trend? The Fed, and the markets, will be watching closely. Hang on tight ā it looks like we're in for some interesting trading days ahead! |
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MARKET MUSINGS & TIME CAPSULE |
Random Musings: Financial Fortunes and Follies
There's nothing quite like the thrill of promising medical breakthroughs ā but it's a reminder that investing in early-stage biotech is a rollercoaster, not a leisurely stroll. Market sentiment can shift faster than you can say "Fibonacci." Today's hot trend might be tomorrow's bargain bin stock. Analysts can be fickle friends. Sometimes they're spot on, sometimesā¦ not so much. Do your homework, trust your gut, and don't bet the farm on a single upgrade. Every investor dreams of discovering the next hidden gem. But remember, for every overnight success, there are countless failures we never hear about.
The old adage "the trend is your friend" holds trueā¦until it doesn't. Markets are cyclical; being prepared for the turn is as important as riding the wave.
On this day in history, April 8 April 8, 1953: J. Robert Oppenheimer, the so-called "father of the atomic bomb," is accused of being a communist sympathizer during McCarthyist hearings. A case study in how fear and political ambition can undermine scientific progress. April 8, 1974: Hank Aaron hits his 715th home run, breaking Babe Ruth's legendary record. A reminder that even seemingly impossible milestones can be surpassed with persistence and talent.
April 8, 1990: The beloved TV show "Twin Peaks" premieres. Much like the markets, it was filled with strange twists, unexpected turns, and the nagging question: who REALLY did it? š¤ April 8, 1994: Kurt Cobain is found dead in an apparent suicide. A tragic example of how success and fame don't shield you from inner turmoil. April 8, 2013: Margaret Thatcher, Britain's first female prime minister, passes away. Dubbed the "Iron Lady", she was a polarizing figure who left a lasting impact. Much like some stocks, she inspired either strong support or utter disdain. |
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Where There's Conviction, There's Potential |
"In investing, what is comfortable is rarely profitable." ā Robert Arnott
Last week, we witnessed retail investors and insiders alike reaping the rewards of conviction. Their belief in a small biotech company propelled it to unexpected heights. This underscores a timeless investment principle ā sometimes the best opportunities lie outside the mainstream, and bold bets can pay off handsomely.
As you navigate the markets, remember that groundbreaking discoveries and potential disruptors aren't always found in the headlines. |
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