My Favorite Trade On The SPY And QQQ

[] perfect for a turbulent market [View in browser]( [View in browser]( [] MAY 8, 2024 [] [] REVENGE OF THE SMITH My Favorite Trade On The SPY And QQQ From This Week You don’t need me to tell you that the markets have been a mess over the last few weeks. A Fed meeting compounded by earnings — there’s a lot of uncertainty leading to many fast overreactions. Remember a few weeks ago, when META’s earnings report tanked the whole stock market… [] Only for GOOG to post incredible earnings the very next day and send things moving the other direction. [] When markets are this confused, one thing that you have to be able to do is read relative strength. The Nasdaq is volatile right now. It is unpredictable. Though it has been the kingmaker for many months, right now, it is in a period of uncertainty… And it’s been weaker than the S&P over recent months. Just look at the side-by-side… [] Strongly correlated, but the SPY has been the stronger index recently. Even so, trying to guess on one or the other, and being correct on direction, is a tough ask right now. But there’s one play I LOVE in these kinds of situations… [And I want to talk you through it, because it’s perfect for markets like this](. — Geof Smith [] [] Gold Is Hot! Gold has been on a record run so far this year… But don’t waste your time buying and holding! Because Jeffry Turnmire has been working on a secret weekend gold trade… and it’s now FINALLY ready for public release! [Click here to join him free for the LIVE reveal!]( [] [] GUY COHEN’S TRADE RADAR As Predicted, a Choppy Earnings Last week’s forecast of a choppy earnings season was accurate, with market direction being ambiguous. This week we need to see if there’s any follow through from Friday’s bounce. Until then, it’s premature to commit to a definitive market direction. As per last week, there are a few decent individual setups that we can look into more closely. Several played out very well, including BIDU and BABA, which we highlighted uncannily, though their gap-ups made entries tricky. And as I’ve mentioned over the past few weeks, my expectation that this market pullback would NOT turn into a capitulation looks well judged. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] [] [] MAY 8, 2024 [] [] REVENGE OF THE SMITH My Favorite Trade On The SPY And QQQ From This Week You don’t need me to tell you that the markets have been a mess over the last few weeks. A Fed meeting compounded by earnings — there’s a lot of uncertainty leading to many fast overreactions. Remember a few weeks ago, when META’s earnings report tanked the whole stock market… [] Only for GOOG to post incredible earnings the very next day and send things moving the other direction. [] When markets are this confused, one thing that you have to be able to do is read relative strength. The Nasdaq is volatile right now. It is unpredictable. Though it has been the kingmaker for many months, right now, it is in a period of uncertainty… And it’s been weaker than the S&P over recent months. Just look at the side-by-side… [] Strongly correlated, but the SPY has been the stronger index recently. Even so, trying to guess on one or the other, and being correct on direction, is a tough ask right now. But there’s one play I LOVE in these kinds of situations… [And I want to talk you through it, because it’s perfect for markets like this](. — Geof Smith [] [] Gold Is Hot! Gold has been on a record run so far this year… But don’t waste your time buying and holding! Because Jeffry Turnmire has been working on a secret weekend gold trade… and it’s now FINALLY ready for public release! [Click here to join him free for the LIVE reveal!]( [] [] GUY COHEN’S TRADE RADAR As Predicted, a Choppy Earnings Last week’s forecast of a choppy earnings season was accurate, with market direction being ambiguous. This week we need to see if there’s any follow through from Friday’s bounce. Until then, it’s premature to commit to a definitive market direction. As per last week, there are a few decent individual setups that we can look into more closely. Several played out very well, including BIDU and BABA, which we highlighted uncannily, though their gap-ups made entries tricky. And as I’ve mentioned over the past few weeks, my expectation that this market pullback would NOT turn into a capitulation looks well judged. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](