I wanted to do something a little different today, because we're at an inflection point in the market that could create some great opportunities to take advantage of the bullish trend we've been seeing all year, and that I think we'll be seeing for a while. So I've got some crucial information for you.
Right now, the big story is all about what's happening with Apple Inc (APPL) - or rather, what's not happening, as the stock's performance has been flagging ahead of their big presentation next week on September 12. They plan to announce the next wave of products, like the iPhone 15 and Apple Watch Series 9.
In order to kick themselves out of their recent doldrums, they're going to have to put on a real show for the public and for investors. If they manage to impress, we could see it make back its prior gains and go higher. If they don't, then APPL could be in for some more pain.
That matters because Apple is, of course, one of the "Magnificent Seven" stocks that has been driving markets higher all year. And there's an enormous amount of capital tied up in it, given that it's one of the most widely held stocks in the world.
Therefore, if investors decide it's time to lock in profits on Apple, it creates a serious headwind that could keep markets from moving higher. But that isn't necessarily a bad thing - in fact, it's a perfect opportunity to buy dips on great companies that will pay off in the long run.
The key, then, is figuring out which support levels will signal the perfect time to buy in. Luckily, I've got your back on that - I've outlined all the levels you need to watch out for in the video below.
Of course, the main reason investors are watching Apple and the big tech names so closely is because they're at the center of the most significant emerging business sector on the market right now - artificial intelligence.
And there's no doubt that as AI grows, those big tech companies are going to appreciate - maybe even double or triple in the months ahead.
But that's not where the best chances for profit are. Instead, you need to be looking at a little-known industry that has stocks selling for up to 97% less than the big names, but because AI is dependent on this "parallel industry" to function, the growth potential is explosive - we're talking upwards of 12,400% growth by 2030.
That's why I've put together this presentation on what I think is the best way to take advantage of the AI boom right now. Check it out before Wall Street catches on.
The post These Key Support Levels Signal the Perfect Time for Buying Dips appeared first on Total Wealth.
About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.