Markets continue enjoying overbought territory

[] the anticipated pullback will have to wait [View in browser]( [View in browser]( [] FEB 14, 2024 [] [] [] [] GUY COHEN’S TRADE RADAR The Pullback Will Have To Wait… Last week I said the three big indices continue to enjoy being overbought while the IWM has pulled back to its 50-dma and is holding firm. That was spot on as bullish continued and the IWM bounced off its 50-dma. As mentioned many times over the past few weeks, the anticipated pullback will have to wait until sometime after earnings. As always, let the setups form, and protect your existing profits and any new profits early. Keep sticking with our game plan of AAA setups near Key Levels. Don’t get distracted by missed opportunities. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] Unleash the Power of Uranium in 2024! As clean energy fumbles, an unsung hero of the energy crisis emerges: Uranium. Discover how this 'dirty' word in energy is setting up for explosive gains! Don't miss out on the uranium boom that's outshining gold, the Nasdaq, and even Bitcoin! [Ride the Uranium wave before it’s too late!]( [] [] PROSPERITY PUB MARKET TALK The Price Hike Hoedown: Inflation Dances Past Forecasts Well, well, well, if it isn't our old friend Inflation, showing up uninvited to the party once again. Just when you thought your wallet could take a breather, January's Consumer Price Index (CPI) decided to spike like your blood pressure after reading the report: up 3.1% year over year, beating the more muted forecast of 2.9. So much for a slow dance with inflation; this is more like a surprise tango that no one signed up for. It’s like a party guest that won’t leave. And now it could soon force the Fed to raise rates. Quite the opposite of market’s expectation that they would soon be lowering rates. Suddenly, J. Powell is forced to reconsider… Instead of slowing down, he may have to pump up the rates. Or at least keep them right where the are — for longer than markets would like. This leaves investors in a conundrum. Especially when you peek at the S&P 500, partying at all-time highs, supported by just a few stocks doing the heavy lifting. It's like having a party where only a few guests are dancing — not exactly the picture of health. But don't just take our word for it. The big brains crunching numbers and brewing forecasts are already stirring the economic cauldron, predicting a mixed bag of data before the Fed's next big decision. So, grab your party hat (or helmet, depending on your outlook), and let's see how this soiree unfolds. Just remember, when it comes to the economy, always expect the unexpected. And maybe keep an eye on the exit, just in case Inflation decides to crank up the heat even more. — The Prosperity Pub Team [] [] [] [] FEB 14, 2024 [] [] [] [] GUY COHEN’S TRADE RADAR The Pullback Will Have To Wait… Last week I said the three big indices continue to enjoy being overbought while the IWM has pulled back to its 50-dma and is holding firm. That was spot on as bullish continued and the IWM bounced off its 50-dma. As mentioned many times over the past few weeks, the anticipated pullback will have to wait until sometime after earnings. As always, let the setups form, and protect your existing profits and any new profits early. Keep sticking with our game plan of AAA setups near Key Levels. Don’t get distracted by missed opportunities. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] Unleash the Power of Uranium in 2024! As clean energy fumbles, an unsung hero of the energy crisis emerges: Uranium. Discover how this 'dirty' word in energy is setting up for explosive gains! Don't miss out on the uranium boom that's outshining gold, the Nasdaq, and even Bitcoin! [Ride the Uranium wave before it’s too late!]( [] [] PROSPERITY PUB MARKET TALK The Price Hike Hoedown: Inflation Dances Past Forecasts Well, well, well, if it isn't our old friend Inflation, showing up uninvited to the party once again. Just when you thought your wallet could take a breather, January's Consumer Price Index (CPI) decided to spike like your blood pressure after reading the report: up 3.1% year over year, beating the more muted forecast of 2.9. So much for a slow dance with inflation; this is more like a surprise tango that no one signed up for. It’s like a party guest that won’t leave. And now it could soon force the Fed to raise rates. Quite the opposite of market’s expectation that they would soon be lowering rates. Suddenly, J. Powell is forced to reconsider… Instead of slowing down, he may have to pump up the rates. Or at least keep them right where the are — for longer than markets would like. This leaves investors in a conundrum. Especially when you peek at the S&P 500, partying at all-time highs, supported by just a few stocks doing the heavy lifting. It's like having a party where only a few guests are dancing — not exactly the picture of health. But don't just take our word for it. The big brains crunching numbers and brewing forecasts are already stirring the economic cauldron, predicting a mixed bag of data before the Fed's next big decision. So, grab your party hat (or helmet, depending on your outlook), and let's see how this soiree unfolds. Just remember, when it comes to the economy, always expect the unexpected. And maybe keep an eye on the exit, just in case Inflation decides to crank up the heat even more. — 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](