TradeSmith Daily

June 2024

Wall Street is as Sleepy as 2006

June 24, 2024Michael Salvatore

An epic summertime lull for Wall Street… What Jason Bodner is seeing in the Big Money… Where bitcoin is set to go for the second half of this year… Why the hyped-up “triple witching day” is/is not a big moment for markets… The coming “AI mania” that will rival the dot-com bubble… If we were to take the average measure of Wall Street activity each year, the bottom was probably this past week. Just take a look at the chart

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This 10-Day Down Streak is a Huge Buy Signal 

June 25, 2024TradeSmith Research Team

Stocks go up… and they go down. Such is the way of markets. But sometimes, they go down a lot more than usual… and form unusually long cold streaks that can unlock major opportunities. That’s the situation unfolding in the ice-cold lithium market. And especially with the company in my crosshairs today – chemical refining giant Albemarle (ALB). If you’re not familiar with Albemarle, they specialize in energy storage, plus develop and manufacture basic lithium compounds used in batteries and renewable

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The Cyberattack Halting Billions in Business

June 26, 2024Michael Salvatore

A cyberattack grinds car dealers to a halt… Here are the quarterly earnings reports to watch… But don’t trade them without seeing this brilliant strategy… When NVDA’s share price does this, history says buy with both hands… We could be in another dot-com bubble… Or something even bigger… “I can’t take it anymore…” I rarely hear words like these from my soon-to-be wife – the determined, strong, sometimes stubborn overachiever she is. If there’s a problem, 99% of the time

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Why the NVDA Dip Is a Screaming Buy

June 27, 2024TradeSmith Research Team

Turns out, there’s a strong pattern that emerges after these violent selloffs. One that tells us now’s the time to buy NVDA stock with both hands.

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July 2024

If Biden Drops Out, Do This

July 1, 2024Michael Salvatore

Betting odds of a Trump win are surging… The market’s history agrees… How Democrats could “break the glass”… Another “betting odds” shakeup on inflation data… The latest Big Money Buys and Sells… Don’t get caught flat-footed in the next bust…

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