I want to be just like him.
At 90 years old, he just made his last movie. His career spanned 8 decades! And he chose to finally retire because he wanted to go out on a high note!
Michael Caine is, without a doubt, a legend!
And I hope to still be trading when I’m in my golden years… a trading legend in my own right. Like Caine, not for financial reasons, but for the love of what I do. And when I finally do hang up my trading tools, I want to do so to end a prosperous, highly respected career on a high note.
I’ve still got decades before I hit 90 (but not too many!), so in the medium term I’m marching steadily toward teaching my students on how I am attacking my $120,000-in-12-months challenge.
Today, that means I’m focusing on the markets in front of me.
I’ve got to tell ya, I’m not liking what I see ahead for this week. Talk about “Chop Central.”
Yes, the markets rallied this morning, and we’re kicking off a big earnings week with two of my favorite stocks – Tesla and Netflix – reporting on Wednesday. We also have the banks’ earnings rolling out.
But I don’t expect this rally to extend too much further.
Because of what I see on the QQQs. Things look overbought at this point, after getting crushed on Friday and then a recovery rally today, which I have zero faith in holding.
Because there’s this trend that’s been gathering steam lately… where big funds are out hunting for liquidity.
They’re trying to shore up their balance sheets by grabbing profits wherever they can. Today’s rally is exactly the kind of situation that will have those big money managers turning big chunks of their portfolios into cash.
I think that luckless investors who are blindly buying today, will pay the price!
One of the biggest concerns of mine right now is that bonds are still under extreme pressure.
I have many other reasons, but those are my big three.
There’s also the warning I’m getting from Netflix and Tesla. Let’s just focus on one today.
I’m increasingly suspicious that the big money knows something about NFLX heading into Wednesday’s earnings. The stock has been trending considerably lower into the earnings announcement on Wednesday this week, and if something bad pops up in the company’s reports, Thursday could be a brutal day for its shareholders.
By the way, if NFLX does selloff after earnings this week (which I think it will), I plan to be there to send Alpha Hunter members my top trade plan to take full advantage of it.
What I absolutely won’t do is trade into NFLX earnings because that’s just reckless. Sometimes, I may trade a week or two before, but I’m out of trades into the report. After investors have digested the information, that’s when I look to get in.
I’ll be keeping my Alpha Hunter members apprised of any trades I decide to make in NFLX – or any other stock. If I make a move, I’ll use my favorite trading strategy… the same strategy I’m using to make that $120,000 in 12 months.
And I’ll share my exact trade plan with Alpha Hunters, as always, including targets, stop loss levels… everything I use to limit my downside while shooting for the profits.
I’m all about 100% transparency.
I just made a new trade with members today that isn’t on the list yet, and I also have two winners I still need to add to this as well – it’s your fault if you miss the next trades coming up though!
Make sure you’re on the list so you don’t miss any updates or alerts I may send about NFLX or any other trades this week.
Above all, tread carefully.
This market chop can pull your legs out from under you without any warning, especially if you’re not prepared or if you’re making reckless trades.
For me, now is NOT the time to be buying options – either puts or calls.
Predicting direction, timing, size, and price are hard enough to do in calmer times. In this market, you might as well just burn your money.
Instead, join me in Alpha Hunter.
Here’s to YOUR success,
P.S. BlackBox* is the new charting software I use, and it’s much more detailed and reliable than the other apps I’ve used. Here’s a special link they’ve extended to RagingBull subscribers! And here is a link to their recent training with us in case you missed it. To YOUR success!
*Sponsored content: We’re a proud affiliate for BlackBoxStocks, meaning if you click a link for a product or service, we may earn a commission at no extra cost to you. We believe in the companies we form affiliate relationships with, but please don’t spend any money on these products or services unless you believe they will help you achieve your goals.
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