Most (but not all) Indexes Have Retraced

[] (earnings season could throw us a curve) [View in browser]( [View in browser]( [] JAN 08, 2024 [] [] GUY COHEN’S MARKET MOVERS Earnings Season Could Throw Us A Curve The main indices — apart from the DIA, which remains overbought — have retraced. With earnings season starting this week, there's always a wildcard element as to what could happen. The financial sector stocks are first to announce and many are already overbought. That said, this earnings season looks set to be broadly positive, after which I expect a more significant spate of profit-taking. Here is this week’s watchlist: [] Follow the money, — Guy Cohen [] [] Get Ready For A “Hands Off” Trading Experience An automated trading robot that’s been shown to rack up wins with an 88% win rate based on one study?! The Infinite Edge Robot offers hands-off, hassle-free trading — freeing you from constant market monitoring… [Click for your exclusive 'Infinite Loop Info Pack’!]( [] [] PROSPERITY PUB MARKET TALK IRS Finally Leaves The Stone Age Hey there, taxpayers! Ever felt like you were time-traveling to the Stone Age every tax season? Well, buckle up, because the IRS is finally joining us here in 2024 with its own free tax-filing system. That's right, no more doling out your hard-earned cash to third-party tax software — at least for some lucky folks in 12 states. This pilot program is a breath of fresh air for those weary of the USA's archaic tax system. We're probably the last first-world nation to make tax filing this easy (and free!). So, it's about time! But wait, it's not all rainbows and butterflies. As you can imagine, commercial tax-prep companies aren't throwing any welcome parties. Intuit, the maker of TurboTax, has already called it a "half-baked solution." Talk about sour grapes! This little experiment targets low- and moderate-income folks with simple tax situations. Think W-2, Social Security, and that tiny bit of interest income from your savings account. Gig workers, though, are excluded from the invite list. The IRS is expecting a few hundred thousand taxpayers to jump on the bandwagon this tax season. Now, let's talk about those big, bad tax software companies. They've been fighting tooth and nail — for decades — to keep the IRS out of the free filing game. But looks like the tide is turning in favor of the Average Joe and Jane. The IRS's direct file service isn't just a basic form-filling exercise. It's a full-featured experience: mobile-friendly, available in English and Spanish, live chat, phone support — the whole nine yards. While it’s starting small, they're planning to open the floodgates as the 2024 tax season progresses. For those in the pilot states — Arizona, California, Florida, Massachusetts, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington, and Wyoming — it's your lucky year. And some states with state income tax, like New York, are even linking up with the IRS to make state filing a breeze too. So, what's the catch? Well, if you're not in one of those states or don't fit the simple tax return profile, you're still stuck with the old way of doing things. But hey — it's a start! The IRS is on a mission to simplify tax filing and maybe, just maybe, make tax season something other than a nationwide groan-fest. So, let's give a round of applause for Uncle Sam's tech upgrade, and here's hoping it rolls out to all states soon! — The Prosperity Pub Team [] [] [] ___________________________________________________ [] [] JAN 08, 2024 [] [] GUY COHEN’S MARKET MOVERS Earnings Season Could Throw Us A Curve The main indices — apart from the DIA, which remains overbought — have retraced. With earnings season starting this week, there's always a wildcard element as to what could happen. The financial sector stocks are first to announce and many are already overbought. That said, this earnings season looks set to be broadly positive, after which I expect a more significant spate of profit-taking. Here is this week’s watchlist: [] Follow the money, — Guy Cohen [] [] Get Ready For A “Hands Off” Trading Experience An automated trading robot that’s been shown to rack up wins with an 88% win rate based on one study?! The Infinite Edge Robot offers hands-off, hassle-free trading — freeing you from constant market monitoring… [Click for your exclusive 'Infinite Loop Info Pack’!]( [] [] PROSPERITY PUB MARKET TALK IRS Finally Leaves The Stone Age Hey there, taxpayers! Ever felt like you were time-traveling to the Stone Age every tax season? Well, buckle up, because the IRS is finally joining us here in 2024 with its own free tax-filing system. That's right, no more doling out your hard-earned cash to third-party tax software — at least for some lucky folks in 12 states. This pilot program is a breath of fresh air for those weary of the USA's archaic tax system. We're probably the last first-world nation to make tax filing this easy (and free!). So, it's about time! But wait, it's not all rainbows and butterflies. As you can imagine, commercial tax-prep companies aren't throwing any welcome parties. Intuit, the maker of TurboTax, has already called it a "half-baked solution." Talk about sour grapes! This little experiment targets low- and moderate-income folks with simple tax situations. Think W-2, Social Security, and that tiny bit of interest income from your savings account. Gig workers, though, are excluded from the invite list. The IRS is expecting a few hundred thousand taxpayers to jump on the bandwagon this tax season. Now, let's talk about those big, bad tax software companies. They've been fighting tooth and nail — for decades — to keep the IRS out of the free filing game. But looks like the tide is turning in favor of the Average Joe and Jane. The IRS's direct file service isn't just a basic form-filling exercise. It's a full-featured experience: mobile-friendly, available in English and Spanish, live chat, phone support — the whole nine yards. While it’s starting small, they're planning to open the floodgates as the 2024 tax season progresses. For those in the pilot states — Arizona, California, Florida, Massachusetts, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington, and Wyoming — it's your lucky year. And some states with state income tax, like New York, are even linking up with the IRS to make state filing a breeze too. So, what's the catch? Well, if you're not in one of those states or don't fit the simple tax return profile, you're still stuck with the old way of doing things. But hey — it's a start! The IRS is on a mission to simplify tax filing and maybe, just maybe, make tax season something other than a nationwide groan-fest. So, let's give a round of applause for Uncle Sam's tech upgrade, and here's hoping it rolls out to all states soon! — 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](