Have We Found a Bottom?

Bullish signs in this security For 60 Seconds with Jon Najarian Readers: Your subscription has changed - [click here for more details.]( [Rude Awakening with Scott Stewart] Have We Found a Bottom? [Daily Video]( [Click here to sign up for the FREE Rude Awakening Pro beta test.]( (You still have time to be one of our last pioneer members for free!!!) Recommended Link [Shocking New Trend Spreading Across America]( [Read more here...]( Don’t trust what you see in the news until you get all the facts. Discover the truth about the shocking wealth trend that’s spreading across America. This story is much bigger than coronavirus. And it’s not being talked about anywhere. This brand-new video is too controversial to keep up for much longer. [See The Uncensored Video Here]( [Scott Stewart]Scott Stewart Editor, Rude Awakening Good morning folks, and welcome to the Rude Awakening! The question of today is… Has the Market Found a Bottom Yet? We are trying to find some buying support today… Looking at our stochastics, they are starting to move up some. If we look at the chart for SPY (which is the index tracking the S&P 500) you’ll see an interesting looking candlestick. We’ll get into that in a moment, but first… A quick refresher on an important fundamental in chart analysis… Recommended Link [The Biggest Transfer of Wealth in History?]( [Read more here...]( He’s the man who predicted the 2008 recession… Recognized as the #1 personal finance expert in the world… Author of Rich Dad Poor Dad with 41 million copies sold… Now, he’s coming to you to reveal EXACTLY what’s going on under the nose of every American… an urgent warning to every single American… The biggest transfer of wealth in U.S. history… It’s a disturbing new movement set-off by a group of 12 unelected officials… “secretly” siphoning money from the poor and middle class to the wealthy. Unfortunately, nobody will be able to stop this new movement… Not Democrats. Not Republicans. Not Congress… Not even the president. Unfortunately, 99% of Americans don’t understand what’s going on… But today Robert Kiyosaki will blow the lid off the entire operation and help you take 5-steps to protect & grow your wealth during the coming weeks. There’s not much time... [Click Here to Learn More]( Candlesticks and Hammers In technical analysis speak, candlesticks are the longer rectangles you see pictured below. Red ones indicate down days (bearish: the open was the top of the box, the close was the bottom). Green ones indicate up days (bullish: the open was at the bottom of that box, the close was at the top). And the tips at the top are the day’s high, while the tips at the bottom are the day’s low. If you look at the SPY chart for the day yesterday, you will see a candlestick that resembles the one boxed off in the image below. [IMG 1] That’s referred to as a hammer. What it tells us is that even with all the weakness we see in that security throughout the trading day, it closed higher than it opened. Hammers are bullish indicators. An interesting stock we’re seeing take this pattern is… Interactive Brokers Group, Inc. (NASDAQ: IBKR) To find out about our IBKR trade idea, [click here to sign up for the free beta test of the Rude Awakening Pro.]( There’s still time to be one of the LAST people to sign up for free access to this premium service! But to wrap up today’s Rude Awakening, I’ll leave you with the question we can hope to answer this week… has the market found a new bottom? If so, we can start to breathe a bit easier… But again, smart traders can pull profits from any market. You just have to keep playing it as it comes. That’s it for today. Talk tomorrow! Regards, [Scott Stewart] Scott Stewart Editor, Rude Awakening P.S. [Click here to sign up for the FREE Rude Awakening Pro beta test.]( There’s still time to be one of the LAST people to sign up for free access to this premium service! Recommended Link [The $1K a Month Approach]( [Read more here...]( Markay Latimer is a trading mom on the go and needs to make her strategy fit her life. So she’s created a new approach that targets $1K a month while trading just 30 minutes a day. She’ll reveal how to follow her in an imminent briefing. [Click Here to Watch]( 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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