[Altos Weekly Newsletter] BOA Signals 3 Key Bull Market Signals..Details Inside

Hello Traders! We hope you find this weekly FREE newsletter filled with information that helps your trading day! Today we talk about the bull market that could be right around the corner Plus...Elon Musk changes the Twitter logo and a certain cryptocurrency goes to the moon! Thanks for reading! The Team at Altos Trading VIDEO - NEW STRATEGY "In 4:35 I am going to show you what I believe to be the biggest investing opportunity for the next decade" [TAKE A LOOK AT THIS!]( By clicking the link above you agree to periodic updates from WealthPress and its partners ([privacy policy]( SPONSOR ⬆️ US ECONOMY Bank of America's Three Signals for the Next Bull Market The transition from a bear to a bull market often presents three clear signals, providing investors with the ideal opportunity to buy stocks. A recent note from Bank of America (BofA) sheds light on these signals, as the Nasdaq 100 soared 20% from its 2022 low, signaling the beginning of a new bull market rally. It's essential for investors to pay attention to these signals, as an analysis of 16 recessionary bear markets since 1871 reveals that returns after recessionary lows average 21% annually, compared to a mere 9% if purchased at any other time. BofA emphasizes that investors should actively identify buy signals using reliable, economy-reflective, and relatively fast-moving indicators. Relying on the official NBER recession determination isn't recommended, as it can take 4 to 21 months to trigger after a recession officially ends. Instead, investors should watch for these three reliable signals, indicating the arrival of the next bull market in stocks: Earnings Bottom BofA states that the year-over-year percent change in S&P 500 trailing earnings typically bottoms out the month after the market finds support. However, they believe more earnings pain is yet to come, implying a 7% decline in S&P 500 earnings, similar to their equity team's -9% forecast. This suggests that the bottom in stocks hasn't been reached yet. 10-Month Moving Average This pure price metric has the S&P 500 index price reliably crossing above its 10-month average four months after a significant market low. Although the S&P 500 crossed above this threshold in January, BofA wouldn't be surprised to see it drop below again if economic conditions worsen. The 10-month moving average is currently around 3,970, about 120 points below the S&P 500's current price of 4,098. Peak Unemployment Rate Usually, the unemployment rate peaks four months after significant lows, with the 1962 recessionary bear market being an exception. BofA's economists predict a peak of 4.8% in Q2 2024, up from the current 3.6%. A surge in job layoffs, which has yet to occur, would be needed for the unemployment rate to increase. Peak unemployment serves as one of the best "all-clear" signals. Investors might miss the initial rally stage if they wait for all three signals to flash, but BofA argues that this is acceptable. As these indicators begin signaling recovery, investor confidence should rise. Waiting four months after a market bottom typically means sacrificing around 15% of the early-stage rally. According to BofA, this is a relatively small price to pay for the increased confidence in positioning for the >300% returns until the next market peak. CLICK HERE ⬆️ INVESTOR NEWS Dogecoin Rockets Up as Elon Musk Changes Twitter Avatar to ‘Meme Dog’ The price of the meme-inspired cryptocurrency dogecoin jumped on Tuesday after Elon Musk, the billionaire entrepreneur, changed Twitter's bluebird logo to a Shiba Inu dog associated with the digital token. This comes despite Musk facing a lawsuit over his previous promotion of the coin. In October of last year, Musk purchased Twitter for $44 billion. Since then, he has significantly reduced the workforce, introduced paid accounts, and reinstated banned users, including former US President Donald Trump. Following his decision to change the logo to a Shiba Inu dog, dogecoin's price surged by over 25%, from below $0.08 to more than $0.10. It remains unclear whether this change is permanent or just another of Musk's short-lived jokes. With 133 million followers on Twitter, Musk has long utilized the platform for self-promotion, humor, and occasionally promoting dogecoin, a highly volatile cryptocurrency initially created as a joke. He has stated that he is committed to crypto, holding a significant portion of his fortune in bitcoin. Musk has also proposed dogecoin as a basis for e-commerce payments, leading to speculation about whether he will use his acquisition of Twitter to develop an "everything app" akin to China's WeChat, which offers a wide range of services. However, the SpaceX owner's support of dogecoin has led to legal issues, with an investor suing him for $258 billion, alleging substantial financial losses due to Musk's actions. The billionaire has dismissed these claims. In a filing submitted to a New York court on Friday, Musk's legal team described the lawsuit as "a fanciful work of fiction" and demanded it be "dismissed in its entirety with prejudice." The filing further argued that "there is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency." The Shiba Inu dog rose to meme popularity in 2013, with users on forums such as Reddit and 4chan sharing images of the Japanese dog breed alongside messages written in broken English. Dogecoin, launched as a joke later that year, remained mostly valueless for years, similar to thousands of other coins. In May 2021, however, its value temporarily spiked to a record $0.73 after Musk hinted that Tesla might accept it as payment. The value quickly plummeted, leading investors to accuse Musk of manipulating the token's value for a quick profit in a "pump and dump" scheme. The logo change sparked numerous messages featuring the meme dog, including one from Musk himself, who shared a conversation from last year in which he promised to buy Twitter and make the Shiba Inu its logo. However, some users have expressed skepticism about the change. Comedian Jesse McLaren tweeted, "Why do I get the feeling the Doge icon was added so when you search 'Elon' and 'Doge' the story of his racketeering lawsuit will be buried." As the dogecoin price continues to fluctuate, it remains to be seen how Musk's actions will affect the cryptocurrency and whether his legal troubles will have any impact on his influence over the market. With his vast following and control over Twitter, Musk has the potential to shape the future of dogecoin and the cryptocurrency industry as a whole. Investors and users alike should remain vigilant and discerning when it comes to the effects of celebrity endorsements on digital currencies. One Trading Legend... Two PhD Software Engineers Three Years Of Testing & Refinement… The ONLY Trading System that can Find the Top-Performers in Just Minutes a Day. [CLICK HERE TO RESERVE YOUR SPOT FOR THIS THURSDAY (SPACE IS LIMITED)]( SPACE IS LIMITED - REGISTER TODAY ⬆️ Disclaimer: The Altos Trading Alert Newsletter is published as an information service for subscribers, and it includes opinions as to buying, selling and holding various stocks and other securities. However, the publishers of the Altos Trading Alert Newsletter are not brokers or investment advisers, and do not provide investment advice or recommendations directed to any particular subscriber or in view of the particular circumstances of any particular person. Altos Trading, including its owner, does not participate in any trades issued through the alert services. Subscribers to Altos Trading or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so. Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade securities and options, and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations. Due to the time critical nature of trading, brokerage fees, and the activity of other subscribers, there is no guarantee that subscribers will mirror the performance of the service. Performance numbers shown are based on trades subscribers could enter based on the trade alerts. Altos Trading, LLC assumes no responsibility for any losses incurred by any individual or entity as a result of trade alerts or strategies taught through courses or coaching services. 7154 W State Street Suite 169 Boise Idaho 83714 USA Disclaimer: The Altos Trading Alert Newsletter is published as an information service for subscribers, and it includes opinions as to buying, selling and holding various stocks and other securities. However, the publishers of the Altos Trading Alert Newsletter are not brokers or investment advisers, and do not provide investment advice or recommendations directed to any particular subscriber or in view of the particular circumstances of any particular person. Altos Trading, including its owner, does not participate in any trades issued through the alert services. Subscribers to Altos Trading or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so. Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade securities and options, and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations. Due to the time critical nature of trading, brokerage fees, and the activity of other subscribers, there is no guarantee that subscribers will mirror the performance of the service. Performance numbers shown are based on trades subscribers could enter based on the trade alerts. Altos Trading, LLC assumes no responsibility for any losses incurred by any individual or entity as a result of trade alerts or strategies taught through courses or coaching services. 7154 W State Street Suite 169 Boise Idaho 83714 USA [Unsubscribe]( | [Change Subscriber Options](