I wanted to let you know that I will be going live on my YouTube channel at 11am!
There’s an old trading adage, “Sell in May and Go Away”. The idea is that stocks don’t perform as well between May and October as the rest of the year. From 1950 to 2013 that was indeed the case. Over this period the Dow Jones Industrial Average posted lower returns than in the November to April period. According to Forbes, between 1950 and 2013 the Dow averaged a 0.3% return during the May-to-October period versus an average 7.5% during the November-to-April period.
However, this has not been the case since 2013. Since 2014, the Dow has risen an average of 3.32% during the May-to-October period.
Here’s the thing about historical trends. They repeat except when they don’t. The truth is that no one knows for sure which way the market will head tomorrow. Predicting the future works that way. The trick is to find historical patterns that repeat the most and count on them repeating again.
So, with the “Sell in May and Go Away” adage busted, the question still remains, “Which way will the stock market go from here?”
I think down.
If you’re on top of the financial news, you’ve heard the dreaded word “inflation” being thrown around.
Fed policy makers generally consider a core inflation rate of 2% or lower acceptable.
The U.S. labor department reports that the current core inflation number right now is 3%, 50% higher than ideal.
The bottom line is that stuff costs more than it did pre-Covid, and it may get even more expensive before things cool down again.
That means a bearish storm may be brewing.
By now you’ve likely noticed the MASSIVE dip ripping across the crypto market.
Between traders taking profits and panic sellers succumbing to the downwards pressure, it has become clear that my past projections for this year could be a tad off.
So, allow me to get you up to speed on exactly what is going on with the largest cryptocurrencies right now and share my updated projections in today’s video.
On Monday, May 31, 2021, our country celebrates honoring the military personnel who fell in support of their country. Unofficially, it marks the beginning of summer. Barbeques, family gatherings, 3-day weekend trips and vehicle purchases will ensue as warm weather begins to bring people outdoors and, yes, spend money doing so.
As a trader, you should be asking yourself, “What are people spending that money on…and how can I find the trading opportunity?”
We can make some assumptions… food, cookout equipment, outdoor furniture, car rentals, hotel stays, and plane tickets are just a few of the items that people pent up from Covid restrictions for over a year will consume with great enthusiasm.
We could then take a look at what companies sell these items and consider those stocks.
Or we could do it the smart way…the Money Calendar way, that is.
You see, history is always our best guide to forecasting the future.
As you know, crypto has been having a bit of a meltdown over the past week, with Bitcoin and Ethereum down by over 20%.
Actually, that’s not a bad thing. It’s crypto on clearance. There are some great deals on the rack right now, if you know where to look.
And I’ll break that all down for you today, in the video below.
Here’s where I see the big coins going and where my buy levels are….
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.
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.
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.
View this page online: https://powerprofittrades.com/2021/05/the-10-hottest-and-10-coldest-stocks-to-trade-right-now/