TheoTrade Insider: I Don’t Trust This Rally a Bit - You Shouldn’t Either

April 26, 2024 | [Read Online]( I Don’t Trust This Rally a Bit - You Shouldn’t Either SPY ripped around 53 bucks to the upside before the close… but I don’t feel great about it. I’d never hate on a good rally, but this ain’t that. That might change next week, but we’ll deal with that when we come to it. My unease with this upswing has got nothing to do with MAC/D… nothing to do with Fibos… it’s not Bollinger bands, either. It’s the risk assets in play right now. They are, as I’ll explain in a second, not behaving correctly at all given the intense bounce we’re seeing play out today. [Right now, I’m going to prove to you that the emperor’s got no clothes…]( [Don’t you believe it…]( [TheoTrade Daily Chatroom Schedule for Monday, April 29, 2024]( 9:20 AM to 10:30 AM: I’ll be getting us ready for the opening bell 10:30 AM to 11:30 AM: Professor Jeff Bierman shows you… The Way 11:30 AM to 12:30 PM: Gianni Di Poce takes in the whole market 12:30 PM to 1:15 PM: Blake Young talks earnings and a lot more 1:15 PM to 2:00 PM: Brandon Chapman checks top-performing stocks and sectors 2:00 PM to 3:00 PM: Tony Rago finds targets in NQ charts 3:00 PM to 4:00 PM: Corey Rosenbloom will make range and trend plays New Stock Pick from Gianni Di Poce Late last week, Gianni dropped another pick for Members - he said he wanted everyone else to have it, too. What a nice guy! His pick is “Buy RCL on a close below $140.56 with a stop-loss on a close below $129.20.” [You can get all of Gianni’s free Sector Leader Bullseye research delivered right to your inbox. Just click here - absolutely no charge.Â]( I Just Released My Updated Watchlist… And a Lot More Today at noon I went live in front of hundreds of you to bump my Moonshot watchlist to a whopping 96 stocks. What can I say? My hand was forced. After our first-half Moonshot position in XLF paid off, I had to put on the other leg of that trade. That changed the playing field, hence the update. Everyone needs to get this list, so I’m linking to a recording of my presentation here. [To get my watchlist and check out how I put on Moonshot trades, go here…]( We’ll talk again soon, Don Kaufman Co-Founder, TheoTrade Update your email preferences or unsubscribe [here]( © 2024 TheoTrade (FOMO) PO Box 24790 Christiansted, Virgin Islands 00824, United States of America [[beehiiv logo]Powered by beehiiv](