🚫Bullish Investors Beware, The Market Is Nearing a Downturn

Good morning. Markets have had a strong start to the year. But this sharply higher uptrend is... 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. Markets have had a strong start to the year. But this sharply higher uptrend is unlikely to continue much longer. In the short-term, technical indicators such as relative strength show that the market is getting overbought. Longer-term data shows the economy continues to cool. While it’s true that markets tend to start moving higher while the economy does, we still don’t know the full impact of rising interest rates and how long it will take to truly stop inflation from roaring back. It may be time for traders to take some long-side profits, and to take a second look at short-side opportunities that may have been crushed in recent weeks. Now here's the rest of the news: Sponsored Content [IRA/401(k) ALERT: Secret IRS Loophole May Change Your Life]( The savings of regular working class Americans could be in serious trouble. But there IS something you could do… If you’re concerned (and you should be) don’t wait around for something to happen — you can do something NOW. Request a copy of this [FREE GUIDE]( that explains exactly why THOUSANDS have used this IRS Loophole to possibly save their IRA/401(k). Act now! It only takes seconds. The next step is yours, and it could mean a future of wealth… or poverty. It's up to you. All you have to do is [request the free guide now.]( MARKETS DOW 33,629.56 +0.76% S&P 4,019.81 +1.19% NASDAQ 11,364.41 +2.01% *As of market close • Markets continued higher on Monday, ahead of a big earnings week. • Oil traded flat, closing at $81.65 per barrel. • Gold also traded flat, going for $1,931 per ounce. • Cryptocurrencies generally rose, with Bitcoin at $22,943 at the market close. Today’s TOP TIPS [To Follow Where the Big Money Is Going, Simply Buy the Big Money Players]( One simple investment strategy is to follow a successful investor’s coattails. Many will follow billionaire investors such as Warren Buffett or Carl Icahn as they enter into a new stock position. A few will even own the stocks that are owned or managed by the investors. Another way is to look at asset management companies. They may not have a well-known billionaire running the helm, but they tend to grow their assets over time -- with big profit margins along the way. » [FULL STORY]( [Insider Trading Report: Keurig Dr Pepper (KDP)]( Shekhar Priyadarshi, CFO at Keurig Dr Pepper (KDP), recently added 10,000 shares. The buy set the CFO back $350,000 and is an initial stake for this particular insider. This is the first buy at the beverage company since the Chief Supply Chain Officer made a number of buys back in August and September. Since then, the company CEO has been a seller of shares, as well as a company director. » [FULL STORY]( [Unusual Options Activity: Transocean (RIG)]( Shares of offshore oil and gas services company Transocean (RIG) are up 83 percent over the past year. One trader sees a pullback in the next two months. That’s based on the March $5 puts. With 51 days until expiration, 13,472 contracts traded compared to a prior open interest of 108, for a 91-fold jump in volume on the trade. The buyer of the puts paid $0.22 to make the bearish bet. » [FULL STORY]( IN OTHER NEWS • [Recession Signal Flashes on Leading Economic Index]( The Conference Board’s Leading Economic Index has declined for the 10th month in a row, hitting 110.5. The index dropped by 1 percent, compared to expectations for a 0.7 percent decline. The index peaked in February 2022, and historically has peaked about one year ahead of a recession, suggesting that one is imminent. • [Big Banks Team Up on Digital Wallet]( Big banks such as Wells Fargo (WFC), Bank of America (BAC), and JPMorgan (JPM) are teaming up to create a digital wallet. The idea is to rival the one offered by Apple (AAPL) Pay. The major credit card companies would support the wallet, and would move to slow Apple’s push into consumer banking. • [Microsoft Expands OpenAI Partnership]( Tech giant Microsoft (MSFT) is making a multi-year, multi-billion dollar investment in OpenAI, the owner behind the ChatGPT chatbot. Microsoft previously invested in OpenAI in 2019 and 2021. The investment will considerably expand Microsoft’s push into AI technologies. • [Spotify Announces Layoffs]( Audio streaming service Spotify (SPOT) has announced that it will lay off about 6 percent of its workers, which works out to 600 employees. The company notes that its expansion plans of the previous few years proved too ambitious in today’s slowing economy, and that the growth of company expenses rose twice as fast as revenue growth. • [Salesforce Attracts Second Activist Investor]( Elliott management announced an investment in Salesforce (CRM) on Monday. The company is known as a high-profile activist investment firm, and is looking to unlock value at the business software company. This is the second activist investor to target the company in recent months, following an investment by Starboard Value in October. S&P 500 MOVERS TOP AMD 9.105% WDC 8.645% MPWR 7.747% TSLA 7.714% NVDA 7.578% BOTTOM XYL 7.937% SBAC 3.674% SLB 2.572% AMT 2.547% SYF 2.471% Quote of the Day Our approach into 2023 is a much more opportunistic one for the tech sector as this near-term macro climate uncertainty will lead to the next growth cycle over the coming years that begin now in our opinion. The headcount cuts for the tech sector are the first major step towards stabilizing these stocks in our opinion. - Dan Ives, analyst at Wedbush Securities, on why tech stocks may perform well over the next several years as layoffs and cost cutting go into the next growth cycle. Sponsored Content [IRA/401(k) ALERT: Secret IRS Loophole May Change Your Life]( The savings of regular working class Americans could be in serious trouble. But there IS something you could do… If you’re concerned (and you should be) don’t wait around for something to happen — you can do something NOW. Request a copy of this [FREE GUIDE]( that explains exactly why THOUSANDS have used this IRS Loophole to possibly save their IRA/401(k). Act now! It only takes seconds. The next step is yours, and it could mean a future of wealth… or poverty. It's up to you. All you have to do is [request the free guide now.]( Not sure the best way to get started? 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