P.S. As you can see with cases like Microsoft’s, we’re in a market where objective realities like structural factors or supply chains can be overcome by the whim of bureaucrats. That’s why, despite the volatility, I’m so attracted to the energy market right now.

The indicators are easier to follow, the incentives are far more straightforward… and I’ve found one surprising pick that could bring in big returns this year, even as the stock market suffers.

Click here now for the full details

COACH’S CORNER

“Yesterday was just more market chop. And honestly, it was one of the more challenging trading days we’ve had in a while. I’m sure that thousands of retail traders blew up their accounts.  But using the system I’ve spent over twenty years developing, we landed winner after winner. When long-term trends are elusive, we shorten our time frames and trade intra-day—no problem for us.”

“I want to take a moment and show you precisely how one specific indicator helps us navigate choppy seas like this. Take a look at the daily chart of SPX above.

“I’ve applied a ‘volatility band’ to the chart so you can see what we might have in store. When candles fall in a green band, the trend is upward. Of course, that doesn’t mean there won’t be high and low days, but it points you in the direction with exceptional accuracy. As you can see, that record-breaking drop earlier in the week pushed us into a grey zone, so the most likely route is down.
Of course, we could chop around a bit on our way to retest support, so trading long time frames could batter you around. What happens at the 3800 is extremely important, so keep an eye out here. If it breaks through, all bets are off.”

“For trading through this mess, stick to shorter time frames. The 1-4 hour charts are key. One short trade idea is TSLA. It looks weak and ready to drop, so add it to your watchlist.”

Cheers,
Chris Hood

WORD ON THE STREET 

SQ Surges, Dimon Kinda Doomer, No Protection For Fraud

• Dimon Says Fed Has Lost Control Of Inflation – It’s cool though guys, just a “little.” JP Morgan Chase CEO Jamie Dimon said he has tremendous respect for Federal Reserve Chairman Jerome Powell but “the fact is we lost a little bit of control of inflation.” He argued that traders should consider that interest rates could “possibly” remain higher than most are currently considering. However, he also said the American economy “is doing quite well.”

• Block Thrives Amidst Crypto Chaos – Block, once known as Square (and still boasting the ticker SQ) beat expectations on revenue and gross profit, though it fell a bit short on earnings. It was enough for traders – SQ was up more than 8% in after-hours trading. The company’s success was especially impressive considering the dramatic fall in Bitcoin sales.

• A Unanimous Ruling From The Supreme Court – It turns out that “the other guy did it” won’t get you out of paying debts caused by fraud. In a 9-0 ruling written by Justice Amy Coney Barrett, the Supreme Court ruled that a person is responsible for paying the debts incurred by a partner, even if they could not possibly have known about it or were themselves not “guilty of wrong.” Moral of the story? Make sure you really, really trust the guys you go into business with.

• Ozy Media CEO Faces Fraud Charges – CEO Carlos Watson faces charges of lying to investors about Ozy Media’s audience and financial prospects. Mr. Watson now faces charges of conspiring to commit securities fraud and wire fraud.

HOT SPOTS: What’s Going on in Geopolitics

• America Boosts Military Presence In Taiwan – The United States is more than quadrupling the amount of troops in Taiwan is it prepares to defend the island from a potential military invasion. The troop numbers themselves aren’t particularly large – we’re talking about an increase to a few hundred people from 30. However, it’s a force multiplier, as the troops will be training Taiwanese forces in civil defense.

• Pentagon Warns China Not To Help Russia – While America helps arm Taiwan, America is also warning the People’s Republic of China not to help Russia. China released a “peace plan” on the one year anniversary of the Ukraine invasion, but American officials are worried that Chinese officials seem increasingly eager to help supply Russia with equipment that could be disguised as having civilian uses. Secretary of State Antony Blinken said China will face a “serious problem” if it decides to help Russia.

• Russian Support For The War Increasing – According to polling from the country, about 80% of Russians want the war to continue rather than countenance a defeat. Support has actually increased from a modest decline following military setbacks last summer.
  

CUTTING EDGE: What‘s Happening In Tech

• Dude, You Really Weren’t Supposed To Delete That – Google is in hot water with the Department of Justice after it emerged that the company “systematically destroyed” instant messages every 24 hours. Federal law requires that potentially relevant communications for litigation be saved. The issue may prove important in Epic Games’s antitrust lawsuit against Google. Google is admitting no wrongdoing, saying it will “strongly refute” the government’s claims.

• Netflix Cutting Prices – It turns out that when you have a Rube Goldberg scheme to try to prevent people from sharing passwords, people don’t like it. In the face of customer criticism, Netflix (NFLX) is cutting subscription prices in more than 100 territories. It’s a crowded market – Netflix is facing Disney+, Paramount+, Apple TV+ and plenty more services all trying to cut in on its traditional turf. I miss the days when they would actually send you DVDs.

• The Real Atomic Heart – One step closer to the post-scarcity future – scientists from MIT have used a 3D-printer to create replicas of the human heart that both look and more importantly pump like the real thing. The models will allow doctors to more precisely determine the correct techniques and treatments for their patients.

The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information