Tech Giants Earnings And Then A Rest

[] [View in browser]( [View in browser]( [] JULY 25 2023 [] [] GUY COHEN’S MARKET INSIGHT The Indices Are Overbought, But First Tech Must Report Earnings As mentioned last week, the likely scenario for this bull run is that the giant techs need to report their earnings before this market can take a proper rest. Interestingly, they pretty much all dropped last week – perhaps in sympathy with Tesla’s earnings reaction – with only Nvidia not quite puncturing its 20-dma. Meanwhile the major indices remain deeply overbought in terms of price, but not quite in terms of breadth. The easier signal is when both are overcooked by our way of looking at things through our OVI Dashboard pies. Here’s what my indicators are telling me about the major indexes: • S&P 500 - The S&P has to pull back soon to its 20-dma even if there’s still more juice thereafter (and that’s not a certainty). • Nasdaq 100 - The QQQ is almost back at its 20-dma, and all will depend on GOOG, META and MSFT reporting this week. • Russell 2000 - The IWM will pull back to its 20-dma in the next few days if the above three stocks disappoint. • Dow Jones - The DIA went parabolic last week, and that typically doesn’t last for long with an index. A test of the 20-dma is inevitable soon. [Click here to continue reading…]( Follow the money, — Guy Cohen [] [] JEFFRY TURNMIRE Bitcoin: The Next Big Regret? Bitcoin has been on a tear lately. But it’s not just blind luck or random chance. For those of us who follow Bitcoin closely, there are clearly 3 forces at work that have driven Bitcoin higher since it bottomed out in November. [] 1) The Bitcoin Halving The next Bitcoin halving is scheduled to take place in 2024. This means that the amount of Bitcoin that is rewarded to miners for validating transactions will be cut in half. This will make Bitcoin more scarce, which has historically driven up the price. 2) Traditional Financial Institutions There is a growing amount of institutional interest in Bitcoin. This includes investment firms, hedge funds, and even central banks. These institutions are starting to see Bitcoin as a legitimate investment, and they are not only buying up large amounts of it — they are helping to create the infrastructure that will allow Bitcoin to become Those are the two most common reasons cited by experts. But there’s another, little-known monthly "Bitcoin profit window" that I’ve spotted. It has to do with Bitcoin miners and how they run their business. And it happens every month almost like clockwork. I can’t share the details here, but I am going LIVE to disclose what I know tomorrow, July 26th at 11am Eastern. If you’d like to join me to hear all about it, all you need to do is [click here to save your spot](. Bitcoin now has the kind of momentum behind it that it’s never had before. I firmly believe that it’s going to have a lot of investors looking back a few years from now saying, “If only I had gotten in when Bitcoin was cheap…” Don't miss out on this opportunity — you should at least hear what I’ve got to share before you decide to sit this one out. [Reserve Your Spot Here](. Hope to see you there, — Jeffry Turnmire [] [] [] [] [] JULY 25 2023 [] [] GUY COHEN’S MARKET INSIGHT The Indices Are Overbought, But First Tech Must Report Earnings As mentioned last week, the likely scenario for this bull run is that the giant techs need to report their earnings before this market can take a proper rest. Interestingly, they pretty much all dropped last week – perhaps in sympathy with Tesla’s earnings reaction – with only Nvidia not quite puncturing its 20-dma. Meanwhile the major indices remain deeply overbought in terms of price, but not quite in terms of breadth. The easier signal is when both are overcooked by our way of looking at things through our OVI Dashboard pies. Here’s what my indicators are telling me about the major indexes: - S&P 500 - The S&P has to pull back soon to its 20-dma even if there’s still more juice thereafter (and that’s not a certainty). - Nasdaq 100 - The QQQ is almost back at its 20-dma, and all will depend on GOOG, META and MSFT reporting this week. - Russell 2000 - The IWM will pull back to its 20-dma in the next few days if the above three stocks disappoint. - Dow Jones - The DIA went parabolic last week, and that typically doesn’t last for long with an index. A test of the 20-dma is inevitable soon. [Click here to continue reading…]( Follow the money, — Guy Cohen [] [] JEFFRY TURNMIRE Bitcoin: The Next Big Regret? Bitcoin has been on a tear lately. But it’s not just blind luck or random chance. For those of us who follow Bitcoin closely, there are clearly 3 forces at work that have driven Bitcoin higher since it bottomed out in November. [] 1) The Bitcoin Halving The next Bitcoin halving is scheduled to take place in 2024. This means that the amount of Bitcoin that is rewarded to miners for validating transactions will be cut in half. This will make Bitcoin more scarce, which has historically driven up the price. 2) Traditional Financial Institutions There is a growing amount of institutional interest in Bitcoin. This includes investment firms, hedge funds, and even central banks. These institutions are starting to see Bitcoin as a legitimate investment, and they are not only buying up large amounts of it — they are helping to create the infrastructure that will allow Bitcoin to become Those are the two most common reasons cited by experts. But there’s another, little-known monthly "Bitcoin profit window" that I’ve spotted. It has to do with Bitcoin miners and how they run their business. And it happens every month almost like clockwork. I can’t share the details here, but I am going LIVE to disclose what I know tomorrow, July 26th at 11am Eastern. If you’d like to join me to hear all about it, all you need to do is [click here to save your spot](. Bitcoin now has the kind of momentum behind it that it’s never had before. I firmly believe that it’s going to have a lot of investors looking back a few years from now saying, “If only I had gotten in when Bitcoin was cheap…” Don't miss out on this opportunity — you should at least hear what I’ve got to share before you decide to sit this one out. [Reserve Your Spot Here](. Hope to see you there, — Jeffry Turnmire [] [] [] [] [] 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](