In the sometimes-complicated world of technical analysis it often pays to just keep things simple.
Part of my daily analysis of the market includes checking the list of companies that are making technical moves as their patterns grow stronger.
The simplest way to do this is to scan my database for the best stocks to trade is to and find those with a "Silver Cross" pattern.
While the "cross" puts a stock on my radar, I dig in further to confirm the bullish signal.
Here are the simple rules I follow to make sure I've found a great trading opportunity...
We're less than two weeks from the Nov. 3 presidential election, and the polls are gaining clarity. Democrats are going into next month's election with a clear advantage.
FiveThirtyEight's polling average gives Democratic presidential candidate Joe Biden an 87% chance of winning the race for the White House.
And according to Real Clear Politics, betting sites on average give Biden odds of 65.1% to win.
Meanwhile, Democrats are practically guaranteed to keep control of the House of Representatives, and now have a 70% chance of taking the Senate, too, according to FiveThirtyEight.
In short, the polls say we're going to get a "blue wave." Democrats are set to take the White House and both houses of Congress.
Of course the polls have been very wrong before, so we have to remind ourselves that they tell us probabilities, not certainties…
But if the "blue team" does win, that's going to mean a different take on green energy, stimulus, anti-trust, banking and environmental regulations, and much more. Stocks will definitely be affected.
We're already seeing some sectors rise in anticipation.
So today, I'll show you how to prepare your portfolio for a "blue wave" as well as what to do if the polls end up being wrong again… Full Story
If you are worried about stocks crashing – and given the fact that it's 2020, you probably should be – there are individual stocks you do not want to own right now.
It's not that these are bad companies, or that there is something wrong with the business.
They are too extended, and when they begin to fall, it will get ugly very quickly.
Today, we cover a few stocks to sell before the election, in case we see a big dip.
.
Stocks were at their lows for the year back in March when COVID-19 was spreading rapidly throughout the world for the first time.
It was a time of fear and panic in the financial markets as stocks fell about 35% from their all-time highs in February with little information to go on for the novel virus.
But then, the United States federal government went into their economic playbook and passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
This provided over $2 trillion in economic support to American workers, families, and small businesses.
In general, most of the stock market has reacted favorably.
Since the CARES Act was passed on March 27, the S&P 500 is up 30% to new all-time highs.
This online car buying platform was already on the rise after a projected earnings beat and two analysts upgrades..
But now that hopes for a new stimulus deal are reigniting on Capitol Hill, Chris Johnson expects Americans to swarm towards this company, checks in hand.
Check out the full details in this, the latest edition of Fast Profits with Money Morning…
The skies are filling up with commercial drones.
Indeed, businesses are finding new ways to use drones to conduct business and deliver products to customers.
But what you're not hearing as much about is how much drones are improving industries beyond the headlines – and that's where the best drone plays are for us to make money….
The Dow Jones today is struggling on stimulus talks ahead of elections, even with positive earnings expectations from companies like Tesla Inc.
(NASDAQ: TSLA) and Verizon Communications (NASDAQ: VZ).
More on everything moving the Dow Jones now…
by Don Yocham
One perfectly positioned biotech Don’s going to tell you about today is close to hitting the crucial $1 billion threshold.
It hasn’t happened yet, but when it does, they’ll have done it faster than the likes of Apple or Google.
And if you’re finding out about it now, you’re just in time because the setup looks very promising.
But you’ll have to act fast, and grab the shares before Wall Street finds out about it….
Penny stock investing continues to be one of the most exciting and profitable opportunities in 2020.
And today, we're covering some of the best penny stocks to buy before election day… Volumes have exploded in these low-priced stocks since new traders and investors entered the markets during the shutdown.
Here are the best penny stocks to watch now..
The Dow Jones now is gaining as House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are working to solve differences with a potential stimulus deal in the coming days.
In addition, the market received positive news on the state of COVID-19 vaccine.
I'll jump into that story and more today.
