Critical Market Outlook, 4-20 Trades, and Other Top Articles

[Market Outlook For End Of Month]( In the last update on Wednesday I said it was time to take a definitive view on the outlook for a softer/ lower stock market into the month end. The market thus far made the high Wednesday morning. Would love to see a 2%+ down day between now and the end of April. If we don’t get one, then it may prove that the market is not yet ready for a more serious decline. [...Read More]( --------------------------------------------------------------- [Chart of the Day: Revisiting Take-Two Interactive (TTWO)]( On April 10, we noted, “Investors may want to keep an eye on Take-Two Interactive (TTWO). Not only has the stock been trending higher, the announcement of a Grand Theft Auto follow up game has a lot of investors excited. While there’s no launch date for the game just yet, analysts at Moffett Nathanson believes a major announcement is just around the corner.” [...Read More]( --------------------------------------------------------------- [Buy and Chill on 4-20]( Weren’t pot stocks supposed to take off? Dude, just chill and float. You’d think with more states legalizing marijuana we’d start to see the pot stocks make their way higher. But when you dive in to the charts and look at what is going on in the industry, it is a different story. [...Read More]( --------------------------------------------------------------- [Small Caps Telegraphing The Next Move]( I like to have an unhedged opinion on the market direction as much as is feasible. It’s not always possible, because sometimes the evidence doesn’t lend itself to a strong conviction either way. However, right now I do believe we are at or nearing a pivot in the stock market. I have been a bear for a couple weeks and in the SPX that was too early. In the IWM chart I pointed to last week, and attached again, it’s been better. [...Read More]( --------------------------------------------------------------- [An Interesting Way To Trade AI]( Artificial intelligence is definitely the buzz and both headline writers and traders are scrambling to get the next edge in this trend. But trying to pinpoint which single company that is going to launch like a rocket and not crash an burn is the challenge. Even rocket expert Elon Musk is talking about building his own AI company to try and grab this tiger by the tail. [...Read More]( --------------------------------------------------------------- [Analyzing the Option’s Price]( by Rob Roy The bid and ask prices are known as the “natural” prices of the option. The bid price shows what the option may be sold at right now, while the ask price shows what the option may be bought at right now. To explain this, think of the bid price as the wholesale price, and the ask price as the retail price. It would be great to be able to buy options at the wholesale (bid) price and sell them at the retail (ask) price. However, the off-floor trader (anyone who does not work at an exchange), cannot do this. The bid and ask prices represent at what point the option can be bought and sold right now. [...Read More]( --------------------------------------------------------------- --------------------------------------------------------------- [TradeWins Logo]( © 2023 Tradewins Publishing. All rights reserved. | [Privacy Policy]( | [Terms and Conditions]( | [Contact Us]( © 2021 Tradewins Publishing. All rights reserved. | Privacy Policy | Terms and Conditions | Contact Us Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. 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