Insurance company breakout imminent

[] look for a break above 230.40 [View in browser]( [View in browser]( [] JAN 11, 2024 [] [] SCOTT WELSH'S TICKER TALES Tight Consolidation Could Mean A Big Move Breakout traders love tight consolidation. What does that mean? It’s when a stock goes sideways in a very tight channel. Anytime a stock does that, it’s a harbinger of things to come. Many times a big breakout will happen after this type of action, and many times that breakout will be to the upside. And we have such a consolidation on Chubb (CB). Here’s the chart: [] CB is above the 30-week moving average, and it’s near a new high. A bullish market and a breakout above $230.40 could lead to a big move. We’ll keep an eye on it. — 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. [] [] Unlock Forex Mastery with Infinite Edge Robot! Elevate your trading with the hands-free Infinite Edge Robot! This innovative strategy uses a unique "Infinite Loop" that has shown the power to generate an 88% win rate! [Discover hands-free trading today!]( [] [] PROSPERITY PUB MARKET TALK Tech Layoffs: More Whisper than Roar This Year? In a surprising twist to start 2024, some of the tech world’s heavyweights are quietly handing out pink slips. Video game software provider, Unity, is slashing 1,800 jobs, a hefty 35% of its workforce. While Amazon subsidiary, Twitch, is trimming down by 500 employees, and investment powerhouse, BlackRock, isn't far behind with a [500-job cut](. Even Google joined the hush-hush trend, cutting several hundred jobs across its engineering, hardware, and Assistant teams. Are these numbers signs of a broader trend? Contrast this with last year's loud and public layoffs, and you'll notice the difference. This year, it’s less about the shock and awe, and more about a quiet recalibration. It’s as if these tech giants decided to keep the drama backstage. So, why the change in decibel levels? Could it be a new strategic approach to avoid unsettling the market, or are companies becoming more adept at navigating economic ebbs and flows? Either way, this subtler approach to layoffs might suggest that tech firms are bracing for potential storms ahead while attempting to avoid causing too much of a public stir. This quieter trend in layoffs could indicate several things. Are companies aiming for a less disruptive approach to restructure, or is this an early indicator of a cautious year ahead for the tech industry? It's an intriguing shift — significant job cuts, but wrapped in a blanket of relative silence. The 2024 tech layoff story might be less about the immediate impact and more about the subtle indications for the future. These "quiet layoffs" in major tech firms like Google and Unity could be the tech world's way of getting ahead of what they believe could be a challenging year. What this means for the tech industry's future and the broader economic landscape remains to be seen, but it's certainly a trend worth watching. — The Prosperity Pub Team [] [] [] ___________________________________________________ [] [] JAN 11, 2024 [] [] SCOTT WELSH'S TICKER TALES Tight Consolidation Could Mean A Big Move Breakout traders love tight consolidation. What does that mean? It’s when a stock goes sideways in a very tight channel. Anytime a stock does that, it’s a harbinger of things to come. Many times a big breakout will happen after this type of action, and many times that breakout will be to the upside. And we have such a consolidation on Chubb (CB). Here’s the chart: [] CB is above the 30-week moving average, and it’s near a new high. A bullish market and a breakout above $230.40 could lead to a big move. We’ll keep an eye on it. — 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. [] [] Unlock Forex Mastery with Infinite Edge Robot! Elevate your trading with the hands-free Infinite Edge Robot! This innovative strategy uses a unique "Infinite Loop" that has shown the power to generate an 88% win rate! [Discover hands-free trading today!]( [] [] PROSPERITY PUB MARKET TALK Tech Layoffs: More Whisper than Roar This Year? In a surprising twist to start 2024, some of the tech world’s heavyweights are quietly handing out pink slips. Video game software provider, Unity, is slashing 1,800 jobs, a hefty 35% of its workforce. While Amazon subsidiary, Twitch, is trimming down by 500 employees, and investment powerhouse, BlackRock, isn't far behind with a [500-job cut](. Even Google joined the hush-hush trend, cutting several hundred jobs across its engineering, hardware, and Assistant teams. Are these numbers signs of a broader trend? Contrast this with last year's loud and public layoffs, and you'll notice the difference. This year, it’s less about the shock and awe, and more about a quiet recalibration. It’s as if these tech giants decided to keep the drama backstage. So, why the change in decibel levels? Could it be a new strategic approach to avoid unsettling the market, or are companies becoming more adept at navigating economic ebbs and flows? Either way, this subtler approach to layoffs might suggest that tech firms are bracing for potential storms ahead while attempting to avoid causing too much of a public stir. This quieter trend in layoffs could indicate several things. Are companies aiming for a less disruptive approach to restructure, or is this an early indicator of a cautious year ahead for the tech industry? It's an intriguing shift — significant job cuts, but wrapped in a blanket of relative silence. The 2024 tech layoff story might be less about the immediate impact and more about the subtle indications for the future. These "quiet layoffs" in major tech firms like Google and Unity could be the tech world's way of getting ahead of what they believe could be a challenging year. What this means for the tech industry's future and the broader economic landscape remains to be seen, but it's certainly a trend worth watching. — 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](