While weâll be grabbing profits â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â [Midday Momentum]( Dear Reader, Best quotes of the day? âTheyâll be crying like Cramer soon.â - Kenny Glick. âItâs all gobbledygook and means nothing.â - Garrett {NAME}. âItâll be a cold day in hell when inflation gets to 2%.â - Shah Gilani. âWhen they send Cathie Wood packing, weâll start buying again.â - Kenny Glick. âBe patient. Be nimble.â - Kenny Glick. âDonât be a CNBC victim anymore.â - Kenny Glick. âIf the CEOs and CFOs arenât buying the stock, why the hell are you?â Garrett {NAME}. Obviously, The Warlock had a lot of great advice to share on [this morningâs show](. All of it is much needed after what happened to markets yesterday into the close. The question today is: [what comes next?]( The consensus among the Money Morning LIVE team is that no-one's going to like what comes next. Voz explained that the market suffered a Volume Profile breakdown at the close yesterday. Apple also broke key support. Her Trade the Close members are watching Apple closely for early signs of overall market direction. I outright called the Fed speak âmeaningless gobbledygook.â None of it matters. We need CPI to go above interest rates. That means rates need to go above 5%. And all of that translates into a lot of pain in the markets for a couple of years. Yes, folks. Itâs ugly in the markets right now. But it can get much uglier still. The number to watch for now is Fridayâs Jobs Report, and next weekâs CPI reading. Hereâs the thing: Despite the horrible outlook for the markets, we have before us [countless opportunities to trade for profits](. Take Shahâs Zombie stocks, for example. These are companies with mountains of debt that they canât ever hope to repay. Theyâve been refinancing up to their eyeballs during the near zero rates of the last few years. Now that these are rising, they face debt obligations they canât possibly meet. Theyâre unprofitable. They have leveraged free cash flow. Theyâre dead men walking. So, Shah finds them and trades them with his subscribers. Yesterday, they placed put options trades on five zombie stocks. One didnât fill, but the other four have returned open gains of 38.8%, 12.7%, 14.3%, and 23.3% already. Kenny pulled off massive gains for Warlockâs World subscribers yesterday as well. Using VWAP, he noted interesting volume in Tupperware, of all stocks. The stock hit support six times in short order, so the VWAPians pounced. And in one day, they traded that one stock four times, grabbing profits every single time. Today he has his eye on some new stocks showing great trade potential. So do Voz and I. To find out where weâre looking to grab profits today, while the market wallows, [watch this morningâs replay here]( or click on the image below. Stick with us, folks. The next few days could prove to be pivotal for markets. [And with us, they could be very profitable as well](. See you soon. Garrett {NAME}
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