It’s GO Time... Plus TSLA, PRDO, EBF, SPY, ARKK, CHPT

[Midday Momentum] Wednesday, July 20, 2022 [67 Trading Days, 12 Trades, and He Doubled His Money]( Mark Sebastian turned this bear market into a money-doubler - and he used one, single strategy to do it. No trade cost him more than $300. He calls it his number-one bear market strategy... and on Wednesday, July 20, he's going to show you how you can use it too. [Click here to attend](. --------------------------------------------------------------- It's GO Time... Plus TSLA, PRDO, EBF, SPY, ARKK, CHPT By Garrett {NAME} Good morning, On June 8, we shorted the #@$@ out of the market. That was the last time momentum went negative, according to our data. We were rewarded with big gains and ongoing skepticism around interest rates and the coming earnings season. We had 200% gains in CHPT, ARKK, and IWM. Our Hot Shot Long Shot popped more than 1,300%. Now, we're going the other way. Despite low volumes, we saw a massive wave of capital pour into the market, and members of the [World's Biggest Trade]( were there to ride it. When momentum turned positive, we purchased the SPDR 500 ETF Trust (SPY) July 29, 2022, $405 call for under $0.80. By the end of the day, the position was up more than 100% after the closing bell. Not bad. That's the power of momentum. Despite all of the slow burning moves of the market and the head-fake we experienced on Monday, we remained patient and took direct aim at this trade. Following a rather positive earnings report from Netflix (NFLX), we're looking for another solid day in the markets. Now, I want to be clear. Just because the markets are up, doesn't mean that this is the start of a sustainable rally. We ride positive momentum as long as it takes, and then we turn around and short the market when we're red again. I'll be on [Midday Momentum]( to break down what's happening sector by sector today. I'll be going long on a few sectors as we move deeper into earnings season - so long as momentum is positive. That said, remember that the Fed speaks next week, and we have the first round of Q2 GDP numbers arriving. Be cautious, with tight stops. But now is a good time to be greedy. And in the [World's Biggest Trade]( we'll break down this big SPY trade and why I think this could turn into a 300% or 400% return by Thursday. [S&P 500 Momentum: Green Broad Market Momentum: Green]( [Momentum remains green]( heading into Wednesday. We now have more than 43% of stocks trading over their 50-day moving average, and the S&P 500 saw 494 stocks on the index in the green, with more than 40 stocks up 5%. I remind you, it takes quite a bit of volume to pull money off the sideline. In addition, we see many funds unwind short positions in a squeeze play market. Chart of the Day: Recession Impression Bank of America is throwing the towel on the U.S. economy in 2022. The bank officially declared the U.S. is in a technical recession, projecting negative REAL growth will decline five straight quarters - and finally come out positive in Q2 2023. Wednesday's Schedule - Tesla (TSLA) will report earnings, and investors are focused on the company's projects in Germany, China, and Texas. - Look for other earnings reports from Biogen (BIIB), United Continental (UAL), Abbott Labs (ABT), Las Vegas Sands (LVS), Kinder Morgan (KMI), and Suncor Energy (SU). I'll see you for Midday Momentum at 12:30 pm ET, and if you couldn't catch our morning show [click here to watch a](. After that I'll be in the [trading room]( with the members of [World's Biggest Trade]( looking to ride this wave of momentum and find today's big winner. I hope you'll join us, Garrett {NAME} You are receiving this e-mail at {EMAIL}, as part of your subscription to Midday Momentum. To remove your email from this list: [unsubscribe here](. 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