Where the Best NASDAQ Profits Are Right Now -- Plus Good News for JPY and Precious Metals Too
The NASDAQ has been unstoppable.
There’s been seven consecutive weekly rises in the NASDAQ. This is a historic event. It’s happened only 17 times since 1985. And while the path of least resistance seems higher, there's now less upside available than before this historic run.
To my mind, the NASDAQ should reach peak resistance somewhere at current levels.
In fact, I'm already seeing a lot of stocks on my radar flashing warning signs of an imminent rollover. So despite the fact the index is rising, many stocks including Tesla, Okta. Quantumscape, Peloton and so on are no longer looking bullish.
If you’ve made some money on this run, perhaps it's time to buy insurance and hedge your bets by selling some call options or buying put options against your position.
This run is getting long in the tooth, especially when interest rates aren’t following as they should.
That’s because when we have a rising economy we should also have rising interest rates. Yet this 10-year bond yield chart shows rates have trended lower from a peak of about 1.75% in April to 1.4% today.
Bond investors are usually the smartest investors and farther ahead of the curve than stock investors. This declining yield suggests the economy is not as strong as the stock market indicates.
So there’s some dislocation between bonds and the S&P and NASDAQ right now. If the economy was humming, we’d likely see rates going higher. Yet we're seeing the opposite.
Bond investors seem to be warning of something the stock investors aren’t seeing.
Next I take a look at the disconnect between individual stocks and the indexes soaring to all-time highs.
This is my first Weekly Video Report for July.
Watch it if you’re keen to profit from what looks to be yet another tech stock dump.
Or if you want to position yourself for what could be a great run in JPY pairs.
Or if you’d like to catch the early stages of a gold and silver rally.
Each of these situations offer immense profit opportunities if you’re in quickly enough and at the right price.
Just watch the Weekly Video Report. You’ll get pattern identification, price action and price targets for the best trades I see right now PLUS the reasoning behind each one.
The highlights include:
- Why you should be careful of tech stocks in general right now
- Why this chart of 10 year bond yields suggests there might be stock market weakness ahead (starts at 2:19)
- Why I like BYND on the short side again
- What the internal breadth of the market is saying about the NASDAQ as a whole
- Why QS might not be a great short for much longer
- Why I’m not expecting a whole lot from USD pairs except one (begins at 12:06)
- Which levels EURJPY and GBPJPY need to clear to reach blue skies
- Why GBPNZD is worth keeping despite its frustrating history
- What price action just made gold and silver speculative buys (22:07)
- Plus much more!
Choose a price that makes you happy, then access my Report right now -- before the clock strikes midnight Friday:
Click here to take the next step
There’s no commitment and no minimum investment. Just ‘name your own price’ and start learning!