TheoTrade Daily: The Bears Are Growling Out There

[Spotlight] Daily Video Newsletter Friday, July 19, 2024 Join Us for TheoTrade's 2024 Annual LIVE Event: Unlimited Trading Horizons September 12-14, 2024 in beautiful Scottsdale, AZ [Spots are filling fast - hurry before it sells out!](=) ================================================ [Bear Tones Echo Through Markets - Here’s What to Do]() By Don Kaufman Stocks might have caught a break today if it weren’t for a disastrous CrowdStrike snafu that took down systems almost across the world. For the moment, though, the selling is still fairly concentrated in CRWD and a few other names out there. The bears are still making choppy, cyclical moves. The advance/decline line, which looked really good during the tech selloff earlier this week, and which I was worried might start to display correlation, still hasn’t done that. Volatility futures are up, but they’re not really rockin’ yet. Exits have been small and trade has been pretty orderly. [But will it stay that way? Here’s what I see happening out there…]() Risk-Off Signals Mount as the Flight to Safety Intensifies After stocks were bid for about three months straight, we finally saw our first bit of real selling this week. Semiconductors and technology led the selloff, which is a concern given the tendency of those sectors to act as leading indicators. This led to the Nasdaq suffering the brunt of the selloff, as it tumbled lower much more compared to the Dow Industrials or S&P 500. The good news is that this is totally normal price action. That is, it’s not uncommon to see the chips, tech, and the Nasdaq lead on the way up and on the way down. It’s also not uncommon to see the Dow peak after the Nasdaq. One notable exception was the Dot-com Bubble, but during most other market declines, we usually see a flight to safety into the Dow at the expense of the other indices. [Here’s what that means…]() This Doubled the S&P 500 We all want to find that one stock that’s been drifting along sideways in a range and then… POW!... a breakout happens - massive moves higher. You can ride stocks like that higher for double- and even triple-digit profits when you find them. And that’s the trouble - finding them is hard. At least, it used to be. Gianni has developed a new AI-based system that isolates stocks before they break out. [You’ve got to see this…]() ================================================ 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. 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