Almost Game Time (DKS)

[] [View in browser]( [View in browser]( [] DEC 19, 2023 [] [] SCOTT WELSH’S TICKER TALES a.k.a. Why New Highs Turn Into Breakouts The Bulls are still in charge, and a number of stocks are reaching new highs. And there’s something magical about brand-new highs or even 52-week highs: they sometimes run like crazy. The reason? There’s no “overhead supply”. This means that the stock, when breaking to a new high, has never been there before. If it’s just a normal high at, say, $50, and the stock used to be at $60, then there are people sitting there holding our stock at $51, $52, $53, etc. And all of those people will want to sell and get out. Thus, the overhead supply will mute our breakout. But if price has never been this high before, there’s no one waiting to sell. And because of that, sometimes it just snowballs upward. DKS fits that profile. Here’s the chart: [] DKS has made a few attempts at making a new high. If it breaks above $152.61 this time, it could lead to a big move. We’ll keep it on our radar. — 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. [] [] AAPL Skyrocketing… But Don’t Make ►THIS◄ Mistake! Too many investors think big wins with Apple stock are in the past. Discover how one little-known strategy outperforms buy-and-hold by a wide margin! Revolutionize your approach to AAPL! [Reserve Your Spot Now for The Exclusive Event!]( [] [] PROSPERITY PUB MARKET TALK China's EV Road Trip: Mexico's the New Stop on the Way to the US The auto industry's latest plot twist is as dramatic as a daytime soap opera: China's electric vehicle (EV) giants are cruising into Mexico, and it's sending shockwaves all the way to Washington. MG, BYD, and Chery, the vanguard of China's EV revolution, are zeroing in on Mexico as their next factory frontier. This move isn't just a shift in production; it's a full-blown strategic maneuver in the high-stakes game of global auto dominance. Here's where the plot thickens: as the US scrambles to fortify its EV market against Chinese encroachment, these new Mexican factories could potentially serve as a launchpad for Chinese EVs into North America. The US is concerned, to say the least— and with good reason. If China's EV moguls can tap into the North American market through Mexico, it could reshape the entire EV landscape. The backstory here is crucial. Back in China, the local EV market is a battlefield of epic proportions. Imagine a scene where only a handful of 148 car brands control 90% of the market. It's a ruthless, Darwinian struggle, pushing brands to seek new territories. And with the US EV market expected to skyrocket to 52% of all auto sales by 2030, the temptation is irresistible. But let's not forget the US side of the story. Washington isn't just sitting back and watching. The Inflation Reduction Act is their latest move, a chess piece designed to make it tougher for EVs with Chinese parts to get tax breaks. This legislation aims to protect the US market from domination by foreign automakers. Yet, the Chinese have a trick up their sleeve: leasing strategies. This could be their Trojan horse to bypass US barriers and still capture a piece of the American EV pie. For Chinese automakers, the move to Mexico is more than just expanding their empire; it's survival. The US market represents a beacon of hope, a chance to thrive amidst their own domestic market chaos. And for Mexico, this is an opportunity to solidify its position as a crucial node in the global auto manufacturing network. As the saga unfolds, one thing is clear: the global auto industry is more than just machines and motors; it's a high-octane drama of strategy, politics, and economics. The future of EVs is being written not just in factories and showrooms, but in the intricate dance of international relations and trade wars. — The Prosperity Pub Team [] [] [] ___________________________________________________ [] [] DEC 19, 2023 [] [] SCOTT WELSH’S TICKER TALES a.k.a. Why New Highs Turn Into Breakouts The Bulls are still in charge, and a number of stocks are reaching new highs. And there’s something magical about brand-new highs or even 52-week highs: they sometimes run like crazy. The reason? There’s no “overhead supply”. This means that the stock, when breaking to a new high, has never been there before. If it’s just a normal high at, say, $50, and the stock used to be at $60, then there are people sitting there holding our stock at $51, $52, $53, etc. And all of those people will want to sell and get out. Thus, the overhead supply will mute our breakout. But if price has never been this high before, there’s no one waiting to sell. And because of that, sometimes it just snowballs upward. DKS fits that profile. Here’s the chart: [] DKS has made a few attempts at making a new high. If it breaks above $152.61 this time, it could lead to a big move. We’ll keep it on our radar. — 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. [] [] AAPL Skyrocketing… But Don’t Make ►THIS◄ Mistake! Too many investors think big wins with Apple stock are in the past. Discover how one little-known strategy outperforms buy-and-hold by a wide margin! Revolutionize your approach to AAPL! [Reserve Your Spot Now for The Exclusive Event!]( [] [] PROSPERITY PUB MARKET TALK China's EV Road Trip: Mexico's the New Stop on the Way to the US The auto industry's latest plot twist is as dramatic as a daytime soap opera: China's electric vehicle (EV) giants are cruising into Mexico, and it's sending shockwaves all the way to Washington. MG, BYD, and Chery, the vanguard of China's EV revolution, are zeroing in on Mexico as their next factory frontier. This move isn't just a shift in production; it's a full-blown strategic maneuver in the high-stakes game of global auto dominance. Here's where the plot thickens: as the US scrambles to fortify its EV market against Chinese encroachment, these new Mexican factories could potentially serve as a launchpad for Chinese EVs into North America. The US is concerned, to say the least— and with good reason. If China's EV moguls can tap into the North American market through Mexico, it could reshape the entire EV landscape. The backstory here is crucial. Back in China, the local EV market is a battlefield of epic proportions. Imagine a scene where only a handful of 148 car brands control 90% of the market. It's a ruthless, Darwinian struggle, pushing brands to seek new territories. And with the US EV market expected to skyrocket to 52% of all auto sales by 2030, the temptation is irresistible. But let's not forget the US side of the story. Washington isn't just sitting back and watching. The Inflation Reduction Act is their latest move, a chess piece designed to make it tougher for EVs with Chinese parts to get tax breaks. This legislation aims to protect the US market from domination by foreign automakers. Yet, the Chinese have a trick up their sleeve: leasing strategies. This could be their Trojan horse to bypass US barriers and still capture a piece of the American EV pie. For Chinese automakers, the move to Mexico is more than just expanding their empire; it's survival. The US market represents a beacon of hope, a chance to thrive amidst their own domestic market chaos. And for Mexico, this is an opportunity to solidify its position as a crucial node in the global auto manufacturing network. As the saga unfolds, one thing is clear: the global auto industry is more than just machines and motors; it's a high-octane drama of strategy, politics, and economics. The future of EVs is being written not just in factories and showrooms, but in the intricate dance of international relations and trade wars. — The Prosperity Pub Team [] [] [] ___________________________________________________ [] [] 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](