New all-time highs today ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Don here...
The S&P 500 hit a new all-time high today.
Two weeks ago, traders were calling for a bear market.
Gianni Di Poce showed why this snapback is one of the strongest in market history and why history says it has much further to run.
The monthly trend never turned bearish. The weekly trend never turned bearish.
What happened in February and March was a normal 10 to 15% correction on the daily chart. The kind that happens in every bull market.
In today's free session replay, you'll discover:
- The 11-day winning streak statistic that changes how you view this rally. When the Nasdaq posts 11 consecutive up days, the one-year forward return averages over 26%. Gianni showed the historical data and why the current setup fits the same pattern.
- Why the hatred of this rally is actually fuel for higher prices. Traders shorting into new highs are forced to buy back when they get stopped out. That buying pressure sends the market even higher. Corey Rosenbloom joined the session and confirmed this is textbook short-squeeze mechanics.
- What oil prices dropping below $85 would mean for your portfolio. Classical charting suggests a move to $60 to $80 per barrel. Gianni explained why falling oil acts as a tailwind for both bonds and stocks. Lower energy costs translate directly into higher earnings.
- The "cash is trash" argument for the next decade. Prices are going to keep rising. Gianni made the case that owning equities is the only way to protect your wealth over the next 10 years. The earnings reset during the correction actually made valuations more attractive.
Gianni and Corey both emphasized one principle. Surprises happen in the direction of the trend. The trend is up. It was up before the correction. It is up now. The correction reset the cycle and created the conditions for what Gianni calls a historic melt-up.
→ Watch Gianni explain why the market reset created the conditions for S&P 7,600 and what sectors lead from here
To your success,
Don Kaufman
Chief Market Strategist, TheoTRADE
P.S. A melt-up to 7,600 doesn't lift everything evenly. Money rotates, and Jeff Bierman has spent decades tracking exactly where it lands when it leaves the giants.
He calls the early clue the BURN SIGNAL. NFLX, CAT, IBM, XOM, all flagged before the breakout was obvious.
Tomorrow at 2pm EST he's walking through how he spots it. I'm hosting.
👉 [RESERVE YOUR SEAT]
Helping You Become a Better Trader...it’s What We Do. Experience TheoTrade® Today!
Whether you are a beginning, intermediate, or active trader, you will find a treasure chest of valuable trading education resources, both free and paid, that will help take your trading to the next level. We are committed to helping you become the best trader you can be.
Disclaimer: Neither TheoTrade.com or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA |SIPC |NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results.
TheoTrade
PO Box 24790 Christiansted, Virgin Islands 00824
1 (800) 256-8876
|
|
|
|
No comments:
Post a Comment