TradeSmith Daily

July 2024

Your Portfolio “Dogs” Are Set to Start Running

July 2, 2024TradeSmith Research Team

Last month we shared an important fact about the market… Most stocks are underperforming at a rate last seen in 2008. It’s an alarming statistic on the surface. However, we proved how massive relative underperformance tends to forecast market-beating returns. Whenever the equal-weight S&P 500 trails the regular, cap-weighted S&P by a similar magnitude as today, you should prepare for a catch-up trade for the average stock. I firmly believe that right now represents one of the best stock-picking environments in years,

Read now

History Was Right on TSLA

July 3, 2024Michael Salvatore

We told you TSLA was a buy on April 24… Here’s what happened next… Three one-month breakouts in quality names to keep an eye on… A record low in stock-picking performance… The biggest risk in AI is standing still… There was a period early this year where Tesla (TSLA) was the stock market’s punching bag. It was swirling the narrative drain, caught up in a mess of negative mainstream media attention. As we pointed out on April 24: Cybertruck recalls… Price

Read now

Why the Market Will Keep Surprising Everyone but Us

July 4, 2024TradeSmith Research Team

Note from Michael Salvatore, Editor, TradeSmith Daily: Happy Independence Day from everyone here at TradeSmith! Markets may be closed today, but the team is staying busy finding new ways to help you make money. Check out the latest evidence-rich signal study from contributing editor Lucas Downey below to learn why the second half of 2024 should be another big “surprise” for the crowd… Enjoy your holiday, and tune in tomorrow for an essential piece of trading education from our CEO, Keith

Read now

The First Income Trade Every Beginner Should Make

July 5, 2024Keith Kaplan

Whenever I talk about trading options, folks are quick to tell me it’s just too risky… That it’s just too easy to lose money with them. That just proves to me how misunderstood the options market is. Options are a de-risking tool. They help you buy stocks at lower prices and sell them for higher prices. Is there a learning curve? Sure… just like with anything worth doing. But once you understand the benefits of options trading, you quickly realize

Read now

Don’t Get Left Holding the AI Bag

July 6, 2024Michael Salvatore

Today, a thought experiment… Imagine you hear that a particular variety of apples is rapidly rising in price. So, you invest in an orchard that’s planted them. While you wait for the trees to grow and yield fruit, the price is going vertical. Come harvest time, you wind up with big bushels of juicy “Liliana apples,” and you take them to market to cash in. Only one problem: You’re too late and the trend has moved on. These apples are

Read now

Decode the Global Economy With 7 Tickers

July 7, 2024Michael Salvatore

Note from Michael Salvatore, Editor, TradeSmith Daily: In trading, it’s easy to overcomplicate things. The financial world practically begs you to dive deep into its endless web of assets, derivatives, and the complex relationships between each. But something I’ve learned from watching the experts trade is that often, keeping it simple yields the best results. Look no further than Tom Gentile for the proof. Tom’s a self-taught trading master who’s developed several simple, but effective, strategies that revolve around money

Read now

What We Need to Hear Before These Sectors Rebound

July 8, 2024Michael Salvatore

These are the most oversold stocks in the market… Here’s why, and how it could change soon… A new crop of Big Money targets… Nvidia’s insider selling is no warning sign… In case you missed it: an interview with a self-made trading millionaire… Scanning through the most oversold sectors on the TradeSmith Analytics dashboard, exclusive to our esteemed Platinum subscribers, three tickers stood out to me: the Invesco Solar ETF (TAN), the Select Sector Materials ETF (XLB), and the iShares Home Construction

Read now

The Sectors to Ride ’til 2025

July 9, 2024TradeSmith Research Team

After a stunning first half, with the S&P 500 up 14.48%, it’s time to take stock of what sectors are positioned to gain in the coming months. Last week, we reviewed history and found that strong first halves for the market only mean the good times will keep rolling. When the market gains 10% or more in the first six months, that momentum continues with more outperformance in the back half. But are we just going to ride the benchmarks higher? Why

Read now