Tech Stocks Suffer, Treasury Yields Fly High

Wednesday’s record highs didn’t last long as stocks whittled down again today. The Dow performed well, despite the Nasdaq and S&P kicking profits to the curb. The saving grace for the Dow was the news that the Fed would leave interest rates to their near-zero levels through at least 2023.  It’s certainly been a sideways week, so keep your stops in check, folks! One thing you can count on during the current market trend is the data in your charts. But what data do you need and how do you read it? Markay has thoughts on that, actually, she has proven methods that she’s sharing in a special briefing tonight. [Click here to register for Markay’s "no-brainer charts" class](. Clicking automatically registers you for the event and periodic updates. ([privacy policy]( She’ll show you how she identifies trades, sets stops, and knows when to get out. Petco Shines in Earnings Petco’s IPO in late January had some investors feeling that the pet supply company had missed the pandemic pet wave, but its earnings announced today say otherwise. Petco surpassed expectations with revenue of $1.34 billion for the quarter. We covered the two newest pet supply companies to go public in [this article on our website](. Clicking automatically registers you for the event and periodic updates. ([privacy policy]( VW Coming After Tesla Earlier this week, Volkswagen announced a major expansion of its EV plans with moves on battery production and software development aimed at taking Tesla’s EV crown. [Read all about VW’s plans here.]( It’s important to remember that the market acts as a living, breathing organism. And sometimes even the most experienced market professionals can’t explain why it does what it does. I mean, did we ever figure out why the chicken crossed the road? OK, so maybe that’s a bad example, but hear me out. With folks around the country receiving new stimulus payments (pretty hefty ones at that), you might expect a rally in the markets. We saw stimulus rallies surrounding the previous stimulus payments, so why not this one? Well, the market doesn’t always react to situations as it has in the past. So, you can’t bank on a stimulus rally.  And that’s another reason you shouldn’t trade the news.  The news tells you what’s happening in the world, not what the market will do. What you think of the news and what the market thinks of the news may be two totally different thoughts, with two totally different outcomes. And there's a good chance that by the time you trigger a news-driven trade, the move has already been made and you'll get kicked in the teeth. What you can bank on is the information you see in your charts. Your charts are like your microscope for the market. If you know what to look for, you can pinpoint your next trade. I’m not just talking about identifying a good stock. It’s deeper than that. Your charts can tell you an entry, a stop, and an exit. But when you’re deep in the muck, it’s easy to get lost in the data.  So take a deep breath, take a step back, go get some fro-yo, and come listen to Markay’s charting class tonight. She’s hosting "no-brainer charts." And after a week like this, listening to Markay will be the best thing you can do for yourself. [Click here to register]( and we’ll see you tonight. Clicking automatically registers you for the event and periodic updates. ([privacy policy]( Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.   Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States [Update your subscription]( — [Unsubscribe](