The Magnificent Seven’s Struggles Handed Us an 89% Win

[Trading With Larry Benedict]( The Magnificent Seven’s Struggles Handed Us an 89% Win By the Opportunistic Trader Editorial Team The Invesco QQQ Trust Series 1 (QQQ) has been on a wild ride over the past couple of months… QQQ tracks the tech-heavy Nasdaq Composite Index. It started off the year strong, rallying to an all-time high in March. But then it dropped 7% in April… before rebounding nearly 5% so far in May. Why does QQQ go through dramatic swings like these? Part of the reason is its focus on the Magnificent Seven. These seven mega-cap tech stocks make up over 40% of the entire index fund… - Microsoft: 8.61% - Apple: 7.97% - Nvidia: 6.38% - Alphabet: 5.56% - Amazon: 5.51% - Meta Platforms: 4.67% - Tesla: 2.38% So if just one or two of these stocks have an impressive earnings report, it can kick off a rally. And if any of these stocks struggle, it can lead to a pullback. That’s what happened in April. Apple, Tesla, and Alphabet all disappointed investors, and QQQ slid 7%. Fortunately, Larry warned his subscribers in March that QQQ was vulnerable. That led to an 89% gain in 42 days. If you’d like to catch up on our replay of this trade, be sure to check out [our Friday essay]( where Larry broke down how this setup played out. We also shared several pieces from fellow trader Jonathan Rose this week. If you missed any, be sure to check out the links below… Recommended Link [R.I.P. for the American Dream? (Surprising answer inside…)]( [image]( A record-low happiness level is seeping through the nation’s fabric like wildfire. The culprits? The floundering state of the economy… rising housing costs… and skyrocketing inflation. It’s called the “opportunity gap”… And the bad news is it’s only getting wider. BUT THERE IS HOPE… Meet Andy and Landon Swan, a couple of Midwestern brothers who transformed themselves into legendary Wall Street fintech experts. Fortune 500 companies and $100 billion hedge funds pay up to $750,000 a year to access their stock market research. Now they’ve issued a major buy alert for a surprising company making news in the AI space. They have compelling evidence that this [Great AI Moonshot]( could become the #1 tech sensation of the decade! [Go here now for the details.]( -- --------------------------------------------------------------- [thumbnail]( [The True Key to Market Mastery]( Today, an opportunity from a new expert in our network to take your wealth building to the next level… --------------------------------------------------------------- [thumbnail]( [How to Put the Odds in Your Favor With Every Trade]( According to elite trader Jonathan Rose, there’s one strategy that stands head and shoulders above the rest. --------------------------------------------------------------- [thumbnail]( [Triple-Digit Gains in This Live Trading Experiment]( How would you like to be part of an experiment? One that could help you really move the needle on your wealth? --------------------------------------------------------------- [thumbnail]( [How to Put This Popular Income Strategy Into Action]( Let’s look at some factors to consider when using a covered call strategy… --------------------------------------------------------------- [thumbnail]( [How to Gain a “House Edge” as a Trader]( Jonathan’s system can give you advanced warning of major stock moves… --------------------------------------------------------------- [thumbnail]( [How This Strong Setup Netted Us an 89% Gain]( Once the right setup presented itself, we initiated a trade by buying a put option. And it turned out to be the right call… --------------------------------------------------------------- [The Opportunistic Trader]( The Opportunistic Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.opportunistictrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. The Opportunistic Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-208-6550, Mon–Fri, 9am–5pm ET, or email us [here](mailto:feedback@opportunistictrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](