TheoTrade Daily: What to Do About the Huge Tech Selloff

[Spotlight] Daily Video Newsletter Wednesday, July 17, 2024 “The Most Overbought Market in History” Small-caps are now at nosebleed highs and the rest of the market isn’t far behind. These are perfect conditions for the kind of trade that made me $25,000 in one swoop. And when stocks take a dive (and you bet they will) the profit potential can be even bigger. This move works up or down. [Take a look…]( ================================================ [Selling Consumes Big Tech - Here’s What’s Next](=) By Don Kaufman That eerie, everywhere-at-once sucking noise you hear when you go outside? That’s the sound of hundreds of billions of dollars in market cap leaving tech stocks. The selling we’ve seen today has been incredibly concentrated in the tech sector… and therein lies the risk. On a point-for-point basis, a drop of 541 on the NASDAQ is big, but still shy of that 3% mark. On top of that, we’re looking at a 71-point move to the downside on the S&P 500. Keep it in perspective, though: That’s barely a 1.25% drop. But, speaking of “eerie,” the S&P 100 advance/decline line is positive at 65/36. Sounds damn good on the surface, but the thing is, if selling persists, you could see the advance/decline line snap like a twig and then selling starts to spread out in the wider market. [I’ll show you exactly how that works, and a lot more, right now…](=) With Tesla, We Got While the Getting Was Good We booked a 25% gain on Tesla when TSLA was near its most recent high - that’s fantastic timing, but it’s not an accident. You can get all my free trade ideas delivered right to your inbox, twice per week - absolutely no charge. The service is called Sector Leader Bullseye and if you’re not getting it, you’re not maxing your gains. [Just click here to subscribe…]() ================================================ Time to Take Your Financial Future Into Your Own Hands This is the perfect time to make sure you’re up to speed on your trading know-how. Simply standing by passively won’t work anymore. So I want to ensure you’ve read our free Rebel’s Guide to Trading Options - it covers all the basics of trading options. Like everything we do, the course is in plain English. It’s specially geared toward beginners but all traders will get something out of it. [Yours absolutely free, of course - right here…]() Recent Media Appearances by TheoTrade Jeff Bierman talks A.I. with YahooFinance LIVE [Click here to watch and read the interview ]( Follow Us on Twitter for Free Market Updates Throughout the Day: [( NEW MEDIA CHANNEL - JOIN TheoTRADE on RUMBLE [TheoTrade Rumble Channel]( NEED HELP? LOOKING FOR MORE ADVANCED TRAINING? CALL OUR VIP CONCIERGE SUPPORT TEAM: (623) 244-5657 For live updates throughout the week join the TotalTheo® Unlimited Monthly Streaming: [(=) Get 6 Months Membership Access for FREE [Click Here to Open and Fund a NEW tastytrade Account](=) Follow these step by step directions: 1. To open an account with tastytrade and enjoy an additional 6 months of TheoTRADE membership, start by clicking the button below.. = 2. Follow the directions on that page to open a new account. 3. Fund the account with a minimum of $2,000 in the next 30 days and keep open for at least 6 months. 4. IMPORTANT: After the new account is open AND funded email support@theotrade.com so we can verify your new account. Please note it may take us up to one week to verify your account from the time you email us. 5. TheoTrade will then provide you membership access for 6 months! [Click here to get started now...]( Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results. TheoTrade 16427 N Scottsdale Rd Suite # 410 Scottsdale, Arizona 85254 United States 1 (800) 256-8876 If you no longer wish to receive our emails, click the link below: [Unsubscribe](