TradeSmith Daily

July 2024

One Big Hurrah Before a Late-Summer Smackdown

July 10, 2024Michael Salvatore

We’re smack in the middle of a historical profit bonanza… Here’s the best stocks to own… But watch for a volatile end to the summer rally… Why a short-term strategy is ideal for right now… Trade Cycles readers couldn’t agree more… And the AI trade is not invulnerable… We’re right in the middle of what’s historically one of the best times to own stocks all year. Yes, you read that right. Two months out from “Sell in May” and four

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The Best Election Year in Decades Will Only Get Better

July 11, 2024TradeSmith Research Team

It’s election season, and you know what that means… Let the mudslinging begin! After the June presidential debate, I’m sure many are wondering not only who’ll win in November… but also what it will mean for markets. Now, we all know that no one can predict the future… However, history often teaches us lessons when we look back. Given it’s an election year, we’re going to study a few awesome data points: No matter if you’re a die-hard donkey or

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5 Big Investing Errors and How to Fix Them

July 12, 2024Keith Kaplan

As investors, we’re often our own worst enemies. We like to believe that we make rational decisions with our money. Unfortunately, we often fall victim to subconscious errors in our thinking. There are endless ways human nature can trick us into making less-than-ideal choices with our money. Some of the most common ones are called “cognitive biases.” So today, I’d like to share five common biases that often lead investors astray and how you can protect yourself from them. (These

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Research Review: Timed Trader Pro

July 13, 2024Michael Salvatore

Trading without a plan is a lot like driving a souped-up muscle car without a steering wheel. You can press on the gas all you like to try to get where you want to go, and even pump the brakes to try to slow things down. But without a wheel, you’re at the mercy of the car’s drift toward inevitable disaster. It’s so easy to get wrapped up in the excitement of trading. There’s an overpowering urge to just try

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How to Avoid Catastrophic Loss in AI’s Final Phase

July 14, 2024TradeSmith Research Team

Note from Michael Salvatore, Editor, TradeSmith Daily: On Friday, you heard from Keith Kaplan about the most common biases and blunders we all fall prey to as human beings… and how to protect our portfolios from ourselves. Now that the human condition is accounted for, let’s talk about how to gain an edge in the market… with Tom Gentile, one of America’s foremost pattern traders. Tom describes his approach as “rules-based, calculated trading,” and it’s one of the best I’ve seen for

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The One Unshakable Truth Behind AI

July 15, 2024Michael Salvatore

Note from Ashley Cassell, Managing Editor, TradeSmith Daily: As soon as Michael Salvatore started writing for us last year, he started serving up bold yet prescient takes on the market… particularly about energy stocks and AI. As I write this, Michael is taking some much-deserved time off – to get married! So, he and I updated the below research from January for you to enjoy today. It’s one of my favorites. You might remember Michael’s fiancée from this story about the

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Get on the Right Side of the Great Portfolio Equalizer

July 16, 2024TradeSmith Research Team

The painful era of high inflation is unwinding before our eyes… June’s consumer price index (CPI) showed inflation fell 0.1% month-over-month. It was the first monthly fall in consumer prices in over four years. You don’t need me to tell you this is great news. Falling inflation is exactly what the Federal Reserve needs to pave the road to interest-rate cuts – which would provide relief throughout the economy. But you must understand, this is no simple bull signal. One

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It’s Profit-Taking Season

July 17, 2024Michael Salvatore

Today marks the start of “profit-taking season”… How last week’s seasonal trading picks shaped up… This weekend’s events impacted the most sentiment-driven stock in the market… Where Mike Burnick is seeing a screaming deal… And how he’s helping subscribers grab cash from the options market… Why do we know that July and August are the hottest months of the year in North America? If you asked an astronomer, they’d explain how you can observe the Earth’s orbit, which takes it

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