😶 The Market Won’t Tolerate a Correction

Good morning. The tech stock selloff saw a major reversal yesterday. While it’s too soon to tell.. It’s the monthly jobs numbers today and they’re not going to be pretty and will be possibly the tip of the iceberg as we head into May. [Trading Tips] Good morning. The tech stock selloff saw a major reversal yesterday. While it’s too soon to tell if this is a push higher, a pause before another drop, or a sideways trend, one fact matters. The Nasdaq took a 10 percent dive before this big push higher. That’s similar to how markets reacted in 2009-2015, the last time interest rates were at zero percent. A 10 percent correction, or close to it, was enough to shake off any short-term fear in the markets during those years. That was a reliable buy indicator, even a better and more reliable one than looking at technical indicators like moving averages. Do you see Tuesday’s rally as a sign the selling in tech is over? What strategies are you employing here? Hit reply and share! Now here's the rest of the news: Sponsored Content ["Tesla Killer" Stock Set to Skyrocket 1,000 Times Over]( My friends complain all the time about charging their Teslas. It takes hours. Imagine their surprise when I told them about a [brand-new green technology]( that charges in less than five minutes! It lasts hundreds of miles longer, is cheaper than batteries and can charge forever. And best of all, the tiny little-known stock behind it trades for only a few bucks. [Click HERE for the full story.]( MARKETS DOW 31,832.08 +0.09% S&P 3,875.47 +1.42% NASDAQ 13,073.82 +3.69% *As of market close • Stocks moved higher on Tuesday, with the Nasdaq posting its best one-day move in 11 months. • Oil prices dropped 1.8 percent, last trading at $63.85. • Gold rose 2.1 percent, rallying to $1,713 per ounce. • Cryptocurrencies jumped higher, with Bitcoin last at $54,363. Today’s TOP TIPS [An Unusual Blue-Chip, Post-Covid Play]( Many blue-chip companies have been faring well in recent weeks—especially the ones outside of tech. A few companies that have been seen as typical safe-havens during a market crisis have fared a little worse this time around during the pandemic. One such area has been beverage companies. While people have to drink, they don’t have to at restaurants, which tend to have higher profit margins on beverages. » [FULL STORY]( [Insider Trading Report: Wendy’s Co. (WEN)]( E.J. Wunsch, Chief Legal Officer at Wendy’s (WEN), recently bought 7,500 shares. The stake increased the holdings by over 10 percent, and came to just over $142,000. That represents the first insider trade of 2021. In the past year, insiders have been both buyers and sellers. However, sellers have been much larger and more consistent in their activity, albeit mostly at higher prices than where shares trade today. » [FULL STORY]( [Unusual Options Activity: Zillow (Z)]( Shares of Zillow (Z), the real estate aggregation website, has been a top winner in the past few years. One trader sees the potential for a bear market in shares. That’s based on the January 2023 $80 puts. With over 680 days until expiration, over 15,000 contracts traded against a prior open interest of 226, a 66-fold jump in volume. At a current price near $125, shares would need to shed nearly one-third for this option to move in-the-money. » [FULL STORY]( IN OTHER NEWS • [Pandemic Brings Car Shopping Online]( Showcasing exactly how much shopping has shifted online in the past year, the auto industry has seen a 40 percent increase in car shopping online compared to in-store. That’s on top of the increase in at-home or curbside test drives, which still allow customers to get into a car. A demand for cars has also led to an 11 percent rise in the price of used cars compared to a year ago. • [Theater Chains Attractive on Economic Reopenings]( The pandemic’s shutdown of theater chains led to some speculation of bankruptcy. But now, film studios are moving back to theatrical releases. Disney (DIS) just had its first release since March 2020. While box office sales are still low, increased openings and pent-up demand point to higher revenues for theater chains in the quarters ahead. • [Boeing Orders Finally Outpace Cancellations]( With 82 new orders in the past month and only 51 cancellations, Boeing (BA) is finally turning a sales corner. Cancellations have outpaced orders since November 2019. While the lingering effects of the pandemic will continue to keep the rate of new sales slow, the decline in cancellations indicates that business is turning a corner for the aircraft manufacturer. • [Palm Beach Estate Sells for $94 Million]( A 15-acre waterfront compound in Palm Beach just sold for about $94 million. While that may sound like a sign of a red-hot real estate market in the sunbelt, the home was first listed in 2015 for $200 million. With 62,200 square feet and 33 bedrooms, it’s easy to see why the property took a while to find a buyer who could afford it. • [Dropbox Acquires DocSend for $165 Million]( Dropbox (DBX), the cloud-based file sharing firm, plans to spend $165 million for DocSend. This acquisition will increase the company’s ability to allow customers to share files, in this case with a secure link instead of an attachment. This adds in well with another acquisition, HelloSign, made in 2019, which provides for electronic signature capability. S&P 500 MOVERS TOP TSLA 19.641% BIDU 13.581% ENPH 12.6% ZM 10.028% TER 8.772% BOTTOM APA 6.776% DSICA 6.305% XEC 5.415% NOV 5.344% HBI 5.22% Quote of the Day Right now the market is broadening out and we think in an underlying sense the bull market is strengthening and that will play to our benefit over the longer term… When we get opportunities like this to invest in pure plays instead of more mature plays...we will move back into pure plays. - Cathie Wood, CEO of Ark Investment Management, on why the tech sector is likely to rebound, and why a market rising across all sectors and styles is a healthy sign for a prolonged bull market. Sponsored Content [Do You Have This Weird Tech on Your Phone?]( “What is that thing for?” my friend Dave asked when he saw my new iPhone 12 Pro. He was talking about the weird extra lens on the back. It has nothing to do with taking pictures... But it is the [key to a $350 billion tech revolution.]( And this technology will make today’s smartphones and computers obsolete by 2022. Let me show you what this lens does (it will blow your mind!) and why it holds the potential for up to 10,000% gains. [Click HERE for the full story.]( Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: [Warren Buffett's Top 5 Stocks]( | [10 Great Stocks Under $10]( | [7 High Yield Dividend Stocks]( › Step #2 - Join Our Premium Advisory: [The Next Superstock]( › Step #3 - Claim Your Free Copy Of: [Big Book Of Chart Patterns]( | [How to Trade Weekly Options For Weekly Income]( Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. 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