Managing Editor: Our colleague Jeff Brown accurately predicted the Covid crash in 2020. He protected his readers from some of the biggest crashes in the 2022 tech wreck. And late last year, he warned about a popular AI stock – right before it fell 34% in 3 months. But now, he believes an upcoming Nvidia announcement could trigger a massive culling in the market… Some tech stocks may soar to new heights, and others may sink to the bottom. So he wants to make sure you’ve got your portfolio prepared for these dramatic moves. Jeff will share the details on Thursday, March 12, at 2 p.m. ET. He’ll even name a bullish pick and a bearish pick to get you started. So if you’d like to hear what Jeff has to say, make sure to add your name to his guest list with one click. What to Watch in the Week Ahead By Larry Benedict, editor, Trading With Larry Benedict We’re almost a week into the Iran war. Markets continue to be dominated by the headlines. The closing of the Strait of Hormuz, the sinking of an Iranian warship in international waters, the CIA arming a Kurdish force to invade Iran… Whether true or not, the headlines are hitting fast. But trading off the headlines is fraught with danger. For a start, keeping up with each piece of news is an impossible task. By the time retail traders can process the news and get into a trade, the moves have already happened. Or the trade gets filled at a lousy price. And as we’ve already seen, markets often react the opposite of what you think might happen. So today, let’s take a step back from all the noise and drill down into the coming week… | Recommended Links
Thursday, March 12, at 2 p.m. ET
Jeff's Urgent Nvidia Warning "I believe a March 16 announcement from Nvidia will send hundreds of popular companies crashing… But if you're prepared, you could use it to make up to more than 10 times your money. I'm sharing the details on Thursday, March 12, at 2 p.m. ET. You'll get the name of a bullish pick and a bearish pick, just for attending." – Jeff Brown Click here to register with a single click >>>
(When you click the link, your email address will automatically be added to Jeff's guest list.)
Tap into the "Future of America" In 2022, when Larry Benedict called the peak of the market, those who stayed in oil were slaughtered. Meanwhile those who listened to his advice scored a quick 29% gain in two days. Now this Wall Street legend is stepping forward with a new bold claim… And an incredible opportunity to tap directly into an energy source that's being called the "Future of America." This strategy returned 10x the oil market in March, and Larry has found examples of this strategy returning 54%, 65%, and 176% since. Click here to get the details on what Larry is calling "The #1 Retirement Play in U.S. Energy."
| Clear Signals With the conflict in Iran, the overarching focus is on oil. Supply shocks can cause massive disruption to the global economy. Plus, the spike in oil has major implications for inflation… and thus interest rates. That’s why folks have become so fixated on every move. But trying to catch every micro-move is an impossible task. Trading solely on price in a fast-moving market offers no better odds than tossing a coin. Instead, we have to focus on key levels. As you can see in the chart below, Brent oil gapped higher and rallied strongly after news of the hostilities broke out... Brent Crude Oil 
Source: TradingView (Click here to expand image) After initially piercing the $84 level, it failed to break back above that level in the following days. Of course, there are no guarantees, but that’s the first clue that buying momentum may be starting to wane. Backing that up, the Relative Strength Index (RSI) was recently forming an inverse “V” in overbought territory (orange circle), showing that it’s overstretched. Those signals are warning that the move could be overdone for now and vulnerable to a pullback. Buying around these levels would be risky, no matter what the headlines say. Note that the more a level is tested and held (in this case, resistance), the stronger that level becomes. The stock grows more likely to reverse, providing a potential setup for a trade. Remember, you shouldn’t enter a short trade just because you think the stock is expensive. You need to have a clear technical reason to enter a trade. So I’ll watch how the price action reacts around key levels before considering a trade. One thing is for sure: Any potential trade won’t be determined by a headline. Beyond all that, there are a few things to keep an eye on… Tune in to Trading With Larry Live 
Each week, Market Wizard Larry Benedict goes live to share his thoughts on what’s impacting the markets. Whether you’re a novice or expert trader, you won’t want to miss Larry’s insights and analysis. Even better, it’s free to watch. Simply visit us on YouTube at 8:30 a.m. ET, Monday through Thursday, to catch the latest. | Be Dispassionate When conflict breaks out, the markets are initially consumed by noise. Things seem chaotic with so much information – and misinformation – flying about. Yet markets soon start filtering out noise and focusing on what matters economically. That’s what ultimately determines stock valuations and performance over time. Over the coming week, pay attention to the oil supply, especially if any is making its way through the Strait of Hormuz. If that remains constrained, consider how that will flow into inflation. And keep your ear out for news of additional players coming into the war – something that could prolong the conflict or further impact supplies. Also watch out for the intensity of Iran’s retaliatory action. A clear drop-off will hint that the regime is on the ropes and likely short on munitions – which may hasten a resolution to the conflict. Overall, make sure you dispassionately look past the daily events and into the underlying structural factors of inflation, interest rates, and economic growth. Because they will ultimately determine the outcomes of this war… and your trades. Regards, Larry Benedict
Editor, Trading With Larry Benedict Free Trading Resources Have you checked out Larry’s free trading resources on his website? It contains a full trading glossary to help kickstart your trading career – at zero cost to you. Just click here to check it out. | | 
No comments:
Post a Comment