How to Spot an Upcoming Selloff

Technical indicators show downtrend on this stock… For 60 Seconds with Jon Najarian Readers: Your subscription has changed - [click here for more details.]( [Rude Awakening with Scott Stewart] How to Spot an Upcoming Selloff [Daily Video]( Recommended Link [Could this be the most important minute of your life?]( [Read more here...]( It’s a minute long video that could change the way you make money forever. You could have a real opportunity to collect payouts like $8,900… $11,400… or even an exceptional $54,000 as soon as this coming Monday. You do not want to miss your chance. [Watch This Video Before It’s Taken Down Tonight]( [Scott Stewart]Scott Stewart Editor, Rude Awakening Welcome to today’s Rude Awakening… Once again, we’re seeing a strong open today. It’s Always Something The S&P 500 and the NASDAQ are pushing higher based on potential expectations of a stimulus bill passing. Even though we haven’t had any more substantive news that more stimulus will get through Congress, that notion is what’s driving markets right now. It’s always something moving markets, whether up or down. And right now, it’s stimulus talk. But, no matter how high the market goes, we can always find elements of weakness. That brings us to our focus today… Stocks Run Up, And Stocks Fall Down We’re looking at an interesting stock, here. One that’s had the ability to run since its lows at the start of the pandemic. But, it still shows signs of a potential pullback. We’re talking about Guidewire Software, Inc. (NYSE: [GWRE](. This one’s moved from its pandemic lows in the $70 range, up to as high as $122. But lately, using some of our trading tools, we’re seeing some very interesting technical analysis playing out. We are seeing a few things that look to guide this stock lower… First off, we can see a clear double top. The same indicator we recently discussed, GWRE’s chart shows us a double top. This is a bearish indicator. And, its more recent highs have hit lower each time, all of which have hit within the last few months. That’s the definition of a trend. 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. Find out the 5-steps to take immediately to protect & grow your wealth. [Click Here to Learn More]( We are seeing lower highs and lower lows on GWRE. When you see swing lows like this, you know the stock is trending down. Secondly, we can see a breakdown below the 50day MA on GWRE. We also have the MACD and histograms crossing over, getting ready to break to the downside. Most importantly, our Chaikin money flow indicator (CMF) is showing negative outflows of cash on this stock for some time. The CMF is a technical indicator that measures the money flow volume during a specific period. The CMF indicator can be used to determine whether there is a buyer's pressure or a seller's pressure on the market. All this analysis tells us, GWRE is headed for another swing down. [Click here to watch the video for all the details.]( In the Rude Awakening Pro, we set up a high POP, bearish trade on Guidewire Software, Inc. (NYSE: [GWRE]( for implied returns of 17% in just one month, or 195% annualized returns. It’s a trade that stands to make money whether the stock falls further, middles out, or even goes up somewhat. We did this using options. If you want to learn more about our Pro level trades, you will be able to sign up for our Rude Awakening Pro service very soon… But for now, that’s it for today! Have a great rest of your trading day, folks. We’ll talk again tomorrow… Regards, [Scott Stewart] Scott Stewart Editor, Rude Awakening Recommended Link [The 2020 Gold Portfolio [FREE]]( [Read more here...]( The new gold bull market is here. The bad news is there’s still a TON of junk out there... Gold bugs are shouting from the rooftops in excitement, but that doesn’t mean you rush out and just buy any gold stock. That’s why we laid out The 2020 Ultimate Gold Portfolio – to dissect the treasure from the trash. And it’s yours - absolutely free. Out of the hundreds of publicly available gold plays in the market today, we’ve hand-selected 5 lucrative gold stocks you can buy right now. [Download Your FREE 2020 Gold Portfolio Here]( [Whitelist Us]( | [Archive]( | [Privacy Policy]( | [Unsubscribe]( 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. 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