January 1 there’s a BIG catalyst! Get ready ...

South West Airlines Hopefully, you didn’t get caught up in this debacle. The recent winter storm that swept North America resulted in an unprecedented number of flight cancellations. But 87% were from one company … South West Airlines Co (NYSE: LUV). [Read the details here.]( There’s something else at work besides the snow … The most damning evidence was South West’s inability to recover at the same rate as other airlines. Take a look at this chart … And the stock followed suit … The main issue … Critical scheduling systems haven’t been updated since the 1990s. Even the CEO admits this meltdown was inevitable. Now … from a trading perspective. This is where things get interesting. The chart shows support above $30. That’s a possible bounce level. It’s unlikely the company will continue operating without at least a partial overhaul. And a new system could prove particularly bullish for the stock. We don’t have any news yet, but there have already been two very public apologies. [Number 1]( [Number 2]( We expect more updates to come. EV Fever January 1 brings a new year and new EV tax credits. President Biden’s Inflation Reduction Act provides an incentive for consumers looking to purchase battery-powered cars. Up to $7500 off. [Here are the details.]( The credit only applies to vehicles manufactured in the U.S. Which means, from a demand perspective, certain vehicles/companies are more attractive than others. [The floodgates are about to open …]( Pay attention to companies that satisfy tax-credit production requirements. Exxon Fights Oil Tax In 2022, several big oil companies reported record earnings. And the European Union wanted a slice of the pie, moving to enact a new windfall tax. A windfall tax is when a government snags part of the profits from an out-performing industry due to special economic circumstances. The Russian invasion of Ukraine caused global sanctions that pushed oil prices past $100/barrel. Here’s a chart of historic prices … And Exxon Mobil Corporation (NYSE: XOM) is one of the players that banked. Now it’s fighting to keep that cash. [Here are the details.]( Earnings are at stake here. And the result of this court case will definitely impact stock prices. We’ll keep you up to date. Graham Fitzgerald Managing Editor, Tech Rallies P.S. Did you sign up for our free SMS Tech Stock Alerts? [Click here]( >> OR... Text STOCK to 888-302-2141 Red Pill Media, LLC 3751 Far West Blvd, Austin TX 78733 3751 Far W Blvd Austin TX 78731 USA [Unsubscribe]( | [Change Subscriber Options](