How This Week Changed Markets

[] reflecting on this week’s moves [View in browser]( [View in browser]( [] JUNE 14, 2024 [] [] SMITH'S TAKE How This Week Changed Markets Just two days ago, I suggested that we needed to hold our breath and wait for a series of crucial economic reports — CPI, PPI, oil, bonds and the much-anticipated Fed decision on interest rates. Now that the dust has settled, [let's dive into what we've seen and what it might mean for the next stage of the market.]( — Geof Smith [] [] Dear Reader… All I need is a move of around 1% at ANY point within the next two weeks… The stock can go up, down, or nowhere over that two week period… So, there’s no need to predict where the stock is ultimately going to end up… And I could still see cash automatically deposited in my account! [Click here for details… My next trade is already out! — Sincerely, Nate Tucci]( [] [] SCOTT WELSH’S TICKER TALES Friday Great Value Trade (BB) Speaking of meme stocks–isn’t everybody the past few weeks?--remember BlackBerry? Back in the day, the little devices were the rage of Wall Street and everywhere else. The internet-accessible phone-like things were so in-demand and addictive, they were called…well, you know what they were called. (Hint: it rhymes with BlackBerry). Then the company fell behind better companies with better devices and disappeared from view. Many probably don’t even know the company still exists. But it does. And in 2020, it fell down to the long-term lower Band and was far below “fair value” (the 800 SMA). Here’s the chart: [] In March 2020, the price was $3.85. By December 2020, it made it to the 800 simple moving average/”fair value” at $8.00. In a moment of meme insanity, BB actually went above $28. Deep Value stocks don’t always jump right back to “fair value”. Sometimes it takes a while. But sometimes they do jump back quickly. And BB was an example of that. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] [] [] JUNE 14, 2024 [] [] SMITH'S TAKE How This Week Changed Markets Just two days ago, I suggested that we needed to hold our breath and wait for a series of crucial economic reports — CPI, PPI, oil, bonds and the much-anticipated Fed decision on interest rates. Now that the dust has settled, [let's dive into what we've seen and what it might mean for the next stage of the market.]( — Geof Smith [] [] Dear Reader… All I need is a move of around 1% at ANY point within the next two weeks… The stock can go up, down, or nowhere over that two week period… So, there’s no need to predict where the stock is ultimately going to end up… And I could still see cash automatically deposited in my account! [Click here for details… My next trade is already out! — Sincerely, Nate Tucci]( [] [] SCOTT WELSH’S TICKER TALES Friday Great Value Trade (BB) Speaking of meme stocks–isn’t everybody the past few weeks?--remember BlackBerry? Back in the day, the little devices were the rage of Wall Street and everywhere else. The internet-accessible phone-like things were so in-demand and addictive, they were called…well, you know what they were called. (Hint: it rhymes with BlackBerry). Then the company fell behind better companies with better devices and disappeared from view. Many probably don’t even know the company still exists. But it does. And in 2020, it fell down to the long-term lower Band and was far below “fair value” (the 800 SMA). Here’s the chart: [] In March 2020, the price was $3.85. By December 2020, it made it to the 800 simple moving average/”fair value” at $8.00. In a moment of meme insanity, BB actually went above $28. Deep Value stocks don’t always jump right back to “fair value”. Sometimes it takes a while. But sometimes they do jump back quickly. And BB was an example of that. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on [this Ask The Pros episode]( starting at timestamp 20:45. [] [] [] [] 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](