Free eLetters
January 2024
Cruise Stocks are Cruising – Smooth Sailing or Rougher Seas Ahead?
With a record amount of the 48 contiguous states covered in snow – nearly 60%! – the idea of leaving the cold winter behind for a warm cruise sounds appealing. Truth is, it’s been appealing for a while now. The cruise industry roared back after the devastating COVID shutdowns. Consumers booked a ton of trips last year, and stocks of cruise lines shot higher. Royal Caribbean (RCL) was the clear winner with its 160% surge, ahead of Carnival’s (CCL) 130% rally and Norwegian Cruise Line’s (NCLH) 61% pop.
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The Profit Column: This 99% Win Rate Strategy Is a “Boring” Safe Haven
In conversation with TradeSmith’s all-star options strategist…
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Stocks Are Actually Overbought – But That Doesn’t Mean What You Might Think
The BMI is what it sounds like – a measure of what Big Money is doing. It calculates all the Big Money signals picked up by my system in the daily data – all the unusual buying and selling of stocks and ETFs – and plots them on a 25-day moving average. It is a fantastic proxy for unusual money flows – the money flows that move stocks. It’s unique, unavailable anywhere else, and stunningly accurate at pinpointing the market’s pivot points. In the huge rally to finish off 2023, the BMI rose all the way into overbought territory (the red dotted line) on Dec. 14. It’s still overbought exactly five weeks later.
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Here Comes the 2024 Election – And Here’s How to Use It to Make Money
Longtime Power Trends readers know I’m a data freak. I don’t trust my emotions, gut feelings, or political viewpoints for that matter when investing. But I do trust data – the right data analyzed the right way. It’s the reason my Quantum Edge system identifies winning investments about 70% of the time, and has been shown in independent back testing that it could have beaten the market 7-to-1. My research firm recently went deep into the data showing how stocks perform in presidential election years. Let me share what we found so you can use the analysis to your advantage.
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