Last Friday, the Colonial Pipeline Company got hit with a cyberattack shutting down the pipeline and almost half of the gas supply. The pipeline isn’t just a pipe, but a series of high-tech sensors, thermostats, valves and pumps controlled digitally making the pipeline subject to outside cyberattacks.
The Colonial pipeline is 5,500 miles long and supplies 2.5 million barrels per day of refined fuel to 10 states between Texas and New Jersey. It supplies 45% of the gasoline for these states.
People in the affected states sopped up gasoline like a biscuit in hot gravy, driving gas prices through the roof. Gas stations quickly ran out of gas. Humans are emotional creatures and tend to overreact like Chicken Little believing the sky is falling. Remember the toilet paper shortage during the early stages of Covid? Same thing happening here.
By now, we’ve all seen the memes. The gas cans. The gas bags.
And if you filled up your own gas tank this week, you’ve definitely felt some pain, with gas prices soaring above $3 per gallon for the first time in 7 years.
The good news is, I can also help you find some serious upside…
Summer is upon us and just because many of you are on vacation, doesn’t mean the market comes to a halt. And this year, these 10 patterns are begging for our attention.
In today’s video, I’m revealing exactly which powerful plays have netted massive returns at least 9 out of the last 10 years.
Better yet, these positions have been on a serious uptrend, increasing their momentum year after year.
Check out the full video by clicking here…
From earnings season hits and misses to interest rate drama, the past few weeks have left many increasingly uncertain about what the future holds.
In this week’s episode of The Profit Strategies Podcast, Chris Johnson and I discuss our thoughts on buying commodities and analyze our put selling strategy given this current market climate.
We also share our outlook on the growing momentum behind microcurrencies and our consumer spending predictions in a post-pandemic world.
I get asked all the time, “What are the best stocks to trade right now?”
The truth is that there are always hot and cold stocks AND what’s hot today can be cold tomorrow. Timing is the key.
Although there are many ways to find the best stocks, one of the best ways is to simply check to see which stocks are moving up or down the most. Yes, you guessed it. I have scanners that do just that.
And I’m about to give you 20 free picks, courtesy of my very latest technical analysis…
About two weeks ago, Chris Johnson and I discussed moving averages and how we use them to analyze trends on our Profit Strategies Podcast.
And today, I’m taking an even closer look at what makes these indicators so important.
Statically speaking, bull and bear runs are often preceded by what are known as golden or death crosses.
Such events can help us traders narrow down our next big profit opportunity right before it occurs.
That’s why, in my latest video, we’re looking at charts and going over how savvy traders use these special moving average patterns to find plays.
Click here to tune into this week’s video…