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[PROOF] It pays to read the fine print

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Thu, May 20, 2021 09:45 PM

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Here's What To Do While The Market's At A Crossroads Nobody reads the fine print, right? Well, you'l

Here's What To Do While The Market's At A Crossroads [Profitable Trading] [[PROOF] It pays to read the fine print]( Nobody reads the fine print, right? Well, you'll be glad I did… because buried in the legal mumbo-jumbo of this run-of-the-mill government document is an instant profit opportunity unlike anything you've ever seen before. I'm talking about a shot at instantly pocketing up to $3,630. Just follow this simple move and you could have your first pile of cash "in-hand" starting tomorrow. [Get the full details here.]( 5/20/2021 Here's What To Do While The Market's At A Crossroads --------------------------------------------------------------- By: [Amber Hestla, Chief Investment Strategist]( Last week, I told you I was concerned about the [state of the market leadership](. I still am, but it is possible the technical position of the market is improving. More on that in a minute. Below, I've shown a daily chart of Invesco QQQ Trust (Nasdaq: QQQ). This is an ETF that tracks an index of tech stocks. QQQ has been the market leader of the bull market that started in March 2020. There are a few things about this chart that I want to show you. First, let's start with the blue dashed line toward the top. This is the support level I identified last week. Last week, QQQ crossed below that line and may have bottomed. Now, here's where we could see the technical picture could be improving. Looking at the chart, the price pattern shows a steep decline with a potential two-day bottom forming. In particular, there was an "up" day last Tuesday (May 11) followed by two down days and a rally. Then the selling stopped by Thursday. This could represent a short-term selling climax, and we could see prices move back up from this bottom. In fact, we've since seen some recovery in prices. However, there are still a number of bearish factors to consider, and it is equally possible that QQQ could fall from here. What My ITV Indicator Is Telling Me At the bottom of the chart, my Income Trader Volatility (ITV) indicator shows a bearish pattern. As my Income Trader subscribers know, when the indicator (red) crosses over above its moving average (blue line), it often precedes declines. The ITV signal is worrisome. If QQQ doesn't rally back above support by the end of the week, it's likely that QQQ will decline to $300. That's about 7% below the recent price and would be about 13% below the all-time high. In other words, the decline would represent a pullback of at least 10%. This would be the fourth pullback of that size since last September. To be honest, that's a significant number of declines in less than a year, and it shows that the bull market is most likely near its end. The three prior pullbacks ended as traders rushed into the market, many of them armed with their pandemic relief stimulus checks. This time is different. [Wish you could invest in Starlink?]( Elon Musk's latest project Is already is rolling out across the globe… and investors But there's just one "pesky problem"-it's Starlink is currently "off limits" to regular investors… Fortunately, I've discovered a little-known "backdoor investment" that can get you in on the ground floor-TODAY. [Click here now to find out more about this backdoor investment… and how it could hand you a 9x return on your money!]( (Without this "secret partner, Starlink will never get off the ground…) There is unlikely to be another stimulus. On top of that, governors in some states are ending the enhanced unemployment benefits. The absence of stimulus could allow the pullback to continue and develop into a bear market. I'm watching for that possibility, but, for now, there are still trading opportunities. How I'm Trading Right Now As I always point out, while it's important to keep tabs on the market (and where it may head next), there are ways to successfully trade in any market. And that's especially true with the income-producing strategy we use over at Income Trader. For example, I recently recommended a trade in The Clorox Company (NYSE: CLX). The stock is on an ITV "buy" signal and at support. CLX is attractive in this environment since there is little risk in the company's business model. Consumers will be buying cleaning products even as they pare back purchases from companies in the tech sector. For now, large caps remain attractive, and a trade in CLX is the most appealing opportunity I've seen in several weeks. Now, many traders as well as regular buy-and-hold investors would take a look at a stock like CLX and note that it has traded in a relatively narrow range. And traders seem to be holding onto large-cap stocks in mundane industries while they sell the tech stocks. This makes it an appealing low-risk investment for those people. That's fine, but with our strategy, we can do even better than that... With my plan, we'll be in this trade for three weeks or less. And what's more, as soon as we execute the trade, we'll get paid immediately. In fact, we'll earn more in income than regular investors would get in three quarters from dividends. And if all goes according to plan, we can repeat a trade like this again and again... I can't emphasize enough how important it is to be able to get in and out of trades in this market right now. We don't know for sure how long this ride will last, and my strategy offers a great way for investors to hedge their risk while earning extra income. [Want to learn more? Go here now.]( [How to snag an extra ]( [How to snag an extra "payday" every Friday?]( Blood, Sweat, Tears, and the possibility you may STILL lose it all… Most people believe these are unavoidable when it comes to finding investing success… I'm here to tell you that is not true… See how you could skip the learning curve altogether… And [potentially]( DOUBLE your money by Friday… with Jim Fink's deadly accurate trading strategy. [Details here.]( To ensure that you receive these emails, please add [Research@ProfitableTrading.com](mailto:Research@ProfitableTrading.com?subject=Profit%20Amplifier%20Delivery&cigx=d.ciosa%2Csid.0%2Cstid.5988%2Cmid.7299%2Cshsh.d66e3d435db5f9af09cbb55e10dcfecd%2Cct.newsletter&src=email.sacio_5988.hs-ciosa.7299&utm_campaign=ptnl_52021&utm_medium=email&utm_source=hs-pt_ptnl) to your address book. You are receiving this message because you subscribed to a Profitable Trading publication. Please send any editorial comments or suggestions to [Editors@ProfitableTradingResearch.com](mailto:Editors@ProfitableTradingResearch.com?cigx=d.ciosa%2Csid.0%2Cstid.5988%2Cmid.7299%2Cshsh.d66e3d435db5f9af09cbb55e10dcfecd%2Cct.newsletter&src=email.sacio_5988.hs-ciosa.7299&utm_campaign=ptnl_52021&utm_medium=email&utm_source=hs-pt_ptnl). This address is for editorial feedback only. For questions about your account or to speak with customer service, call 888-271-5237 Monday-Friday, 9 a.m. to 5 p.m. Central time. To ensure uninterrupted delivery of this newsletter, your subscription will automatically renew at the end of its term. To learn more about our automatic renewal policy -- including how to remove this benefit -- please visit our Terms and Conditions of Use, [available here](. Please keep in mind that the law prohibits us from providing personalized investment advice. (c) 2021 Profitable Trading. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without express written permission from Profitable Trading, 7600A Leesburg Pike, Suite 300 Falls Church, VA 22043 or [www.ProfitableTrading.com](. For customer service inquiries please write to Profitable Trading, 7600A Leesburg Pike, Suite 300 Falls Church, VA 22043 To edit your email preferences please [click here](. DISCLAIMER: Profitable Trading is a publisher of financial news and opinions and NOT a securities broker/dealer or an investment advisor. You are responsible for your own investment decisions. All information contained in our newsletters or on our website(s) should be independently verified with the companies mentioned, and readers should always conduct their own research and due diligence and consider obtaining professional advice before making any investment decision. As a condition to accessing Profitable Trading materials and websites, you agree to our Terms and Conditions of Use, [available here]( including without limitation all disclaimers of warranties and limitations on liability contained therein. Owners, employees and writers may hold positions in the securities that are discussed in our newsletters or on our website.

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