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Trendsters, looks like the bears picked another bad day to be grumpy! The market's showing surprising strength, shaking off negativity as easily as a dog shakes off water. Worries about the economy? Poof! Concerns about earnings season? Gone. Today, the party's on, and the bulls are inviting everyone.
Get ready to dive into the action. We'll take a closer look at Johnson & Johnson's stumble in our Chart of the Day segment. Plus, we've got all the latest Market Moving News that could send individual stocks soaring or sinking. And of course, a bit of quirkiness with Random Musings and a blast from the past with the Time Machine. Let's see what kind of trouble the market gets into today! |
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$25,000 into $109,616 in two months? |
Today I want to show you how our research shows you could’ve 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 exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time… Which means we can now pile into the same exact stocks institutions are buying or selling… as it’s happening. And in the last 2 months, this system has scored an insane 93.5% win rate across 60+ issued trade alerts… Giving over 450 regular traders like you a chance to nail 56 winners out of 60 issued trades.
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Go here to watch the most recent trading workshop video at no charge. |
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Mixed Bag for the Markets |
Talk about a mixed bag! The market opened with a dip, bounced on strong job numbers, then had a little wobble thanks to a weaker services report. It's a reminder that economic data can be a fickle beast – one moment fueling a rally, the next stoking a selloff. Here's where the market stands: -
The S&P 500 index climbed by 5.68 points (0.1%) to reach 5,211.49.
- The Dow Jones Industrial Average experienced a slight decline, losing 43.10 points (0.1%) to settle at 39,127.14.
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The Nasdaq Composite® showed positive momentum, adding 37.01 points (0.2%) to close at 16,277.46.
- Additionally:
- The 10-year Treasury note yield decreased by more than 1 basis point, reaching 4.351%.
- The Cboe Volatility Index® (VIX) declined to 14.33.
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Energy shares stood out as strong performers, driven by gains in WTI Crude Oil (/CL) futures, which rose for the fifth consecutive day and surpassed $85 per barrel, the highest level since October.
- The Philadelphia Oil Service Index (OSX) surged by 1.6%, extending its year-to-date gain to nearly 14%.
Yet, the bulls clearly held the upper hand. The S&P 500 snapped a losing streak, while those energy stocks just keep on truckin' higher. It seems investors are looking for any bright spot amidst the economic gloom and pouncing when they see it. What's This Mean for Investors? Expect more of this back-and-forth action. It's going to take a clear catalyst – a blowout earnings season, or signs the Fed is softening its hawkish stance – to create a decisive trend. Until then, nimble traders may find opportunities in sector rotation. Buckle in and try to enjoy the bumps! |
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Why is 9:22am the Best Time of Day to Trade? |
If you haven’t 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 … And it opens every morning at the same time. This one minute window is exactly the time when the market makers “tip their hat” or (unintentionally) reveal the #1 stock of the day.
Tap here to find out more about this method today |
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Bears have been singing a sad song lately – higher inflation is the only tune they know! But just as they predicted a market meltdown, the punchbowl got refilled with surprisingly strong job numbers. Oops! Turns out, this bull market is a bit like that stubborn party guest who just won't leave. Dip buyers keep crashing the bears' pity party by scooping up stocks on sale. Speaking of surprise guests, did you hear that OPEC decided to stick with its current oil production plan? Energy stocks are partying like it's 1999, and oil prices refuse to cool down. Maybe it's time for the bears to hibernate and try again next quarter. |
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JNJ is feeling the pain. The healthcare giant is bumping its head against a stubborn resistance zone where the 200-day and 50-day moving averages converge. This technical roadblock has halted its rally for now.
JNJ has been stuck in a sideways shuffle since the start of the year, trapped in a two-year downtrend. And if the bearish cross on the RSI confirms, things could get worse before they get better. Those prior bearish crosses weren't just a coincidence, they were followed by significant declines.
Now, don't write off JNJ completely. A bounce is possible, but for now, it could be headed for the 147.00 level, a Fibonacci retracement zone. This market is all about opportunity – JNJ's pain could be a cautious trader's gain as this one sets up for a potential short-term play. |
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Tackle the Cost of Living Crisis with a Unique Trading Strategy |
Here’s 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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Bears Baffled as the Bulls Keep Partying
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The bears must be scratching their heads, wondering what's going on! The market took a brief dip at the open, and everyone assumed the usual gloom-and-doom would follow. But alas, those stubborn dip buyers swooped in like they got an invite to the hottest party in town. It's getting comical.
The message is clear: most investors aren't panicking, and they're certainly not throwing in the towel at these prices. If this market was truly fragile, we'd see those big, ugly selloffs. Instead, declines are quickly met with bargain hunters.
Of course, this game can't keep going forever. Eventually, the bulls will need a solid reason to keep charging – not just the absence of a reason to sell. But for now, the bears looking for a big breakdown are getting outsmarted by a market that just wants to keep the good times rolling. |
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Winners, Losers, and the Coming Earnings Wave |
Cal-Maine Foods (CALM): Egg prices might be high, but CALM investors are happy. Despite lower profits, demand remains strong, signaling a recovery from the bird flu woes. Dave & Buster's (PLAY): This entertainment chain delighted investors with a supersized share buyback announcement. Time to party like the results were all aces! Ford Motor (F): Gas-guzzlers aren't the only ones in demand. Ford's electric vehicle sales are surging, a bright spot in its solid sales report.
Ulta Beauty (ULTA): Looks like the makeup boom is slowing down. Ulta's lowered outlook sent a chill through investors, causing a serious selloff. Walt Disney (DIS): Despite recent drama, shareholders gave Disney's board the thumbs up. The stock remains a tale of two stories – strong gains this year, but recent activist investor challenges. Eyes on Earnings
Levi Strauss (LEVI) joins the earnings parade after the market close. On Thursday, food giants Lamb Weston (LW) and ConAgra Brands (CAG) serve up their latest results. But the real feast starts next week as major banks kick off earnings season. Think Citigroup, JPMorgan Chase, Wells Fargo, and more...get ready for market fireworks! The Fed Factor Fed speakers are singing the same 'no rate cut just yet' tune. Economic strength is great news, but it makes the Fed's job harder. Investors are increasingly betting on fewer rate cuts this year, so upcoming data like Friday's jobs report is crucial. |
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MARKET MUSINGS & TIME CAPSULE |
Random Musings: Financial Fortunes and Follies The market is like a stubborn houseguest...just when you think it's leaving, it finds a reason to stay. Today's dip buyers are tomorrow's profit-takers. Will their timing be as sharp as their buying instincts? Bears spent all their energy roaring in the wrong places. Now they'll need time to regroup. OPEC extending cuts is like adding fuel to the energy stock rally. Is there a ceiling on these prices?
Don't let market chop get you down. Remember, volatility cuts both ways! On this day in history, April 4
1933: President Roosevelt signed the Emergency Banking Act, a response to the Great Depression. Lesson learned: A crisis can spark bold reforms. 1865: Robert E. Lee surrendered to Ulysses S. Grant, marking a turning point in the Civil War. Sometimes, even a tough fight has to end. 1968: Martin Luther King Jr. delivered his powerful "I've Been to the Mountaintop" speech. A reminder that conviction in the face of adversity can change the world. 1955: The polio vaccine developed by Jonas Salk was declared safe and effective. Innovation and breakthroughs – qualities we need in markets as well!
1981 The first space shuttle, Columbia, launched on its maiden flight. Bold ambition pays off...sometimes spectacularly. |
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"He who sells what isn't his'n, must buy it back or go to prison." – Daniel Drew, 19th-century financier
Seems like the bears might have done a bit of premature selling! For now, the bulls are holding the reins and have no intention of letting this rally fizzle out. Of course, the markets have a mind of their own, and things can change in an instant. But as of today, the takeaway is clear: Don't underestimate the power of resilient investors and a market determined to ignore bad news.
It may not be the most exciting strategy, but staying focused on the long game and the true worth of your holdings is the smartest way to outlast the market's temper tantrums. Think like an owner, not a gambler, and remember – those who panic first usually lose the most. |
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