Markets Bounce Back: Here’s What This Means For Us

Find out the tools we use to read markets For 60 Seconds with Jon Najarian Readers: Your subscription has changed - [click here for more details.]( [Rude Awakening with Scott Stewart] Markets Bounce Back: Here’s What This Means For Us [Daily Video]( [Click here to sign up for the FREE Rude Awakening Pro beta test.]( Recommended Link [“$350 per day with no money”? Yeah, right…]( [Read more here...]( See this ridiculous promise below? If you think that’s possible, this interview below is NOT for you. But if you have some common sense… And you’re sick of those types of get-rich-quick promises that never work… See what the famous author of Rich Dad, Poor Dad has to say about that. His reaction was priceless. [Click Here to Watch]( [Scott Stewart]Scott Stewart Editor, Rude Awakening Dear Reader, Welcome to the Rude Awakening! With the markets bouncing back strong today, let’s take a deeper look at what’s going on… How We Analyze the Markets To analyze markets, we use a couple of key tools. - The 50day MA: the 50-day Moving Average acts as a support and resistance area on the overall market and can be used on individual securities, to determine ranges for expected movement based on recent action. Right now, we can see the market bouncing strongly off of that level today. - Stochastics: we use this one as a sentiment indicator. You can see in today’s video, above the 80 line the markets are looking overbought; below the 20 line, oversold. Today, we have bounced back from the oversold area, moving into a buy signal according to Stochastics. - MACD-Histogram: this is a lagging indicator, and takes about 2-3 days to kick in and confirm whatever the Stochastics are telling us. Today, we can see they are starting to turn around and head in the same direction as Stochastics shows. - RSI: when you look at the Relative Strength Index, you see this 70 line and 30 line. This tool shows us where relative strength is in the marketplace: to the upside or the downside? Right now, you can see we are moving up on our RSI, as well. What Do All These Indicators Tell Us Today? We have a buy signal kicking in. We continue to believe that for the short term, we’ll continue rebounding to the upside. So, we can take advantage of this knowledge in the long term, but most importantly, how will we capitalize on this data today? Recommended Link [America’s FINAL Wealth Transfer]( [Read more here...]( Thanks to a recent drastic decision made behind closed doors in this building on [March 23rd, 2020 at 8 A.M…]( …Millions of Americans will likely fall into poverty in the coming months… In what historians will call the end of America’s middle class. See the 5-steps to take immediately to protect & grow your wealth. [Click Here to Learn More]( Today’s Focus: CCL Carnival Cruise Lines, or Carnival Corporation (NYSE: CCL), is one that’s been talked about a lot lately, especially at the beginning of the Coronavirus pandemic. You all know what’s happened there. But, downturns like this are nothing new for the cruise line industry, going back the past 5 or so decades. We can see that right from the start of the pandemic, CCL stock has been knocked from the $50 range all the way down to $10 levels. They’ve maintained that level pretty solidly for the past several months, mostly due to announcements saying they have enough liquidity to hold on throughout the end of this year. But, obviously, none of this is good for business. Looking at their charts, in spite of the overall market rebound, it’s moving into a sell signal. The Catalyst for a CCL Play Carnival Corp will be reporting earnings in just about a week, on 9/24. There’s no question about the fact these earnings are going to be horrible. The question is, how bad will they be? This makes for an interesting scenario for us as short-term traders. Looking at the options for CCL, you can see the strength of the implied volatility levels. If you remember, I.V. is an option seller’s best friend, because it makes for higher premiums to collect at the outset of your trades. Anytime you see I.V. above 50% generally means that this is a nice trading opportunity. To find out about the specific trade I put together for downside protection and high-conviction profits on CCL, [click here to sign up for the free beta test of the Rude Awakening Pro.]( But remember, options trading comes down to data and understanding. From there, it’s just about executing on the knowledge you have. That’s it for today. We’ll talk tomorrow morning. Regards, [Scott Stewart] Scott Stewart Editor, Rude Awakening P.S. [Click here to sign up for the FREE Rude Awakening Pro beta test.]( Recommended Link [Are You Ready for the Great American Reset?]( [Read more here...]( According to these two financial experts, something is about to happen that will change America forever… Something they call “The Great American Reset of 2020.” See the 5 steps they recommend you take now. [Click Here for The Details]( Rude Awakening is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Paradigm Press delivering daily email issues and advertisements. To end your Rude Awakening e-mail subscription and associated external offers sent from Rude Awakening, feel free to [unsubscribe](. 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