I think we need to look at the possibility that the engine is running out of steam. [Image]( [ARCHIVES]( Postcards from the florida republic June 09, 2023 Dear Reader, Wake up! The S&P 500 has exited âtextbookâ bear market territory and, at 4,293, has regained âofficialâ bull market status. (Of course, if you drift around in the market mainstream waiting for âtextbook,â âofficial,â or even âofficial textbookâ signals youâre already too late, but thatâs a story for a different day.) Crowd sentiment means we could be staring at the possibility of a 100-plus point rally and the beginning of a new bull market⦠â¦or the start of a dramatic rotation that takes the air out of the Great 2023 Artificial Intelligence Rallyâ¢. The S&P 500âs 470-point rally this year - and a lot of flowery, AI-bullish rhetoric - has a lot of investors feeling like the worst might be over. That, and every talking head and pundit from the WSJ to CNBC has been saying as much lately. Weâve heard flowery bullish talk before, in April 2022 and again that August, when âthe worst was overâ⦠right before near double-digit declines on the S&P 500. The worst was not over. I donât buy it anyway: the truth is, with the Relative Strength Index creeping above 65, the market is now in overbought territory. That often means declines are ahead, and investors who arenât paying attention lose their shirts at times like this, just like they did last year. So weâre going to be on the lookout for the sign itâs time to profit on a big, broad downside move⦠[Click here to continue reading this postcard]( See you out there, Garrett {NAME} P.S. While Apple's latest announcement may have dominated the news this week, it's important not to overlook the significant market developments taking place right now. We're at a pivotal point, particularly given the market volatility we've experienced since the pandemic began. From interest rate hikes to geopolitical conflicts, these fluctuations are constant, affecting portfolios and global confidence alike. So, to help navigate these uncertain times, we've prepared an action plan for the second half of the year, which we'll share today, June 9, during a special open house. We're opening our live premium trading and investing all day, providing insights, trading ideas, and profit opportunities. To better understand why this is a crucial moment and where potential market opportunities lie, [click here to join the Open House](. [$1 Billion Buyout Would Unleash a 10X Moonshot for Ground Floor Investors]( This company and its founders are in talks with some of the worldâs biggest organizations about a series of potential contracts. A single contract from any one of these mega-cap giants could send this companyâs mere $100 million valuation soaring, transforming it into a billion-dollar unicorn overnight. [Check out the full exposé here.]( PREMIUM CONTENT In the dynamic world of investing, finding the right strategy can sometimes feel like searching for a needle in a haystack. While many investors grapple with the complexities of zero-dated options trading, a potent alternative lies in the financial sphere: leveraged ETFs. These unique financial instruments offer an intriguing blend of opportunity and control, potentially unlocking significant gains without undue risk. [Sneak A Peek Inside the Trading Room]( REPORTS [Welcome to Momentum]( [Trading Momentum]( [Twitter]( [Youtube]( [Instagram]( [Tiktok]( [Discord]( [LinkedIn]( 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]( Please do not reply to this email as this address is not monitored. To cancel, or for any other questions or requests, please contact our Customer Service team:
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