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April 2024

History Says TSLA Is a Buy

April 24, 2024Michael Salvatore

If these two lines keep breaking out, look out… A key TradeSmith gauge at its most fearful level since October… But it’s no reason to fear… Tesla is entering uncharted territory ahead of earnings… Bitcoin continues its disinflationary path… Make the most of this crypto bull market… By Michael Salvatore, Editor, TradeSmith Daily When you look at the S&P 500 on any given day and see it’s up or down… it doesn’t actually tell you a whole lot. That might sound crazy to

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Power Trends+: The Best and Worst of the Stocks You Asked About

April 23, 2024Lucas Downey

We’ve received an overwhelming response from you and your fellow Power Trends readers. We’ve asked which stocks you wanted us to analyze, and we got over 40 requests in just the few weeks we’ve been bringing you Power Trends+. That’s incredible! I decided to run all of your recommendations through my Quantum Edge system to see how they shaped up. Remember, the Quantum Score tells us quickly whether a stock is a good buy or not.

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Embrace the Dip, Then Ride the Rip

April 23, 2024Michael Salvatore

By Lucas Downey, Contributing Editor, TradeSmith Daily The bears are finally coming out of hibernation… After a swift crowd-pleasing rally off the October lows, stocks are finally beginning to wobble.  This all comes on the heels of new worrisome factors like rising interest rates and Middle East unrest. Thanks to these developments, the popular “sell in May and go away” Wall Street adage arrived early this year.  But believe it or not, this market weakness shouldn’t come as a surprise. Turns

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Down, Set, Hike!

April 22, 2024Michael Salvatore

The market crumbles under the threat of a rate hike… But the TradeSmith gameplan never changes… What it takes to trade like a turtle… Build your watchlist with Jason Bodner’s latest Power Rankings… There’s big gains to be found in “alternative markets”…  By Michael Salvatore, Editor, TradeSmith Daily They must just be playing with us at this point. Late to the party but with a voice a hundred times as loud, more Federal Reserve officials are now starting to suggest that rate hikes, not

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A New Way to Make Explosive Crypto Gains

April 21, 2024Michael Salvatore

Note from Michael Salvatore, Editor, TradeSmith Daily: By the time you read this, the long-awaited bitcoin halving will be complete. This regular event, which reduces the supply of new bitcoin by half, is a historical tailwind for crypto prices. That’s why today we’re sharing this insight from Luke Lango, senior investment analyst at our corporate partner InvestorPlace. Luke has a special plan to take advantage of this event. And thanks to the quantitative engines that drive his analysis, he thinks

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The Next Perfect Trade Just Kicked Off

April 20, 2024Michael Salvatore

By Michael Salvatore, Editor, TradeSmith Daily I’ve met a lot of traders in my time. William McCanless is like none of them. He’s skilled and dedicated to his craft. He knows his specialty – short-term trading based on technical patterns – and he sticks to it, to great effect for subscribers of his Trade Cycles advisory. You can say things like this about a lot of traders. But where William sets himself apart is his origin story. William didn’t go to

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I Was an Awful Trader Until This – You Can Use It, Too

April 20, 2024Lucas Downey

I started my investing career more than two decades ago as a trader, and I stunk at it. In my first three weeks, I made every mistake in the book. Greedily chasing a stock that was ripping higher? I did that. Buying a falling stock because I had a “gut feeling” it would turn around? Did that, too. Following the herd into a crowded trade? Add that to the list as well.

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No Freedom, No Deal

April 19, 2024Michael Salvatore

A historical risk-off signal could soon flash… U.S. says “no thanks” to socialist oil… But seasonality says Biden’s about to see some gas-price relief… A “perfect” trade to watch closely…  By Michael Salvatore, Editor, TradeSmith Daily As I write, the S&P 500 is at 5,046, down from its all-time high of about 5,231 set at the end of March. Do you know what that means? If you’ve been a close follower of TradeSmith Daily, you very much do. It means all we

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Power Trends+: Analyzing 4 New Stocks

April 18, 2024Lucas Downey

We’re back with Part Two of this week’s jam-packed Power Trends+, and today is all about the stocks. If you missed Part One, make sure to watch it here. I gave you my thoughts on current events taking over the headlines, and Luke shared some fascinating data to that shows “bad news” isn’t always bad for investors. Today, Luke and I look at four new companies. You’ll probably recognize a couple names – one that’s a miss and one a hit. But we’ll also take a closer look at two lesser-known companies.

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The Rare Few Stocks to Buy in May

April 18, 2024Michael Salvatore

The “sell in May and go away” headlines are right around the corner. And who can blame the media machine for using them? It’s one of few folksy market mantras with historical merit. Stock returns from May to October are traditionally poor compared to the November-to-April period. But I asked myself: Can that be true of every single stock? Surely not… Today, in a special video analysis with contributing editor Lucas Downey, we answer the question of what stocks are

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Did “Sell in May” Come Early?

April 17, 2024Michael Salvatore

Friday’s worst-in-months selloff extends… Underneath the fear, it’s all about rates… A strange and worrying divergence… Seasonal patterns show choppy months ahead… How you can still profit as stocks tread water…  By Michael Salvatore, Editor, TradeSmith Daily You don’t need me to tell you stocks sold off Monday. We all felt it.  After a relatively strong open, where it looked like the market was shrugging off the Friday panic and weekend events, traders threw the gear into reverse and floored it. 

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