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Click here to view this email in your browser. Hey Traders
Today, we have another round of trading news and information from our top analysts here at Traders Agency. And of course, our Trade of the Day. Stocks Get Slammed: Stocks got dumped, sending major indexes down hard today with the exceptions of vaccine companies and the old remote work and stay at home stocks. The cause was fear that one of the known 1,040 variants of the virus called B.1.1.529 was set to lead to economic lockdowns, ending US and global growth and recoveries. Volatility Soars: The CBOE Volatility Index (VIX) spiked over 50% as stock trading and resulting option trades sent the fear index soaring. Bonds, Bonds, Bonds: Bonds soared in price and plunged in yield. With limited trading, the market sent Treasurys spiking in price, sending yields back down to levels not seen in a while under the belief that the US economy was set to stop or even reverse with the virus variant. US Moves to Limit Travel from African Nations: The US is set to restrict travel from South Africa and other African nations, even as B.1.1.529 has already been identified in North America for some time now.
Now, on to our Trade of the Day… SPDR S&P 500 ETF Trust
Today’s trading was done on a shortened holiday schedule with the third-string fund managers and traders in charge with the instructions not to screw up. But today was not an easy few-hour cruise for the markets.
Instead, we got a massive knee-jerk reaction to news that one of the 1,040 variants of the virus was potentially a problem. Referred to as B.1.1.529, this variant is really not new as it has been identified for a while with cases in North America and mutations already identified amounting to at least 30.
But panic has ensued. Seemingly out of nowhere, the thought was that the globe’s economies were going back into lockdown like the early days of the virus. Crude oil got dumped as demand was assumed to be done.
Travel and leisure companies were axed as the thought was that travel was going to stop again. And then the rest of the stock market got sold and sold hard. Later in the day, the variant got its own name just to punctuate the hysteria: OMICRON
The leading proven vaccine and treatments by Pfizer (PFE) are already deployed. And with regular six-month boosters, folks are set as they have been. And those that aren’t with the program, well, that’s their business.
The US isn’t going into lockdowns again. Sure, the Administration moved to limit travel from some African nations, but that’s been largely the case for a while now.
The trade to make is to get set to buy back into the general US stock market on Monday. And the easy way to trade it is with the SPDR S&P 500 ETF Trust (SPY), the mega ETF that synthetically tracks the S&P 500 Index.
Now, plenty of folks will be reading about OMICRON over the weekend. And as the famed investor, Peter Lynch has quipped, everyone is an economist on Monday. This means that there may well be another initial round of panicked selling.
But I see that informed traders and first-string fund managers will be taking advantage of the market move today and potentially early on Monday Morning.
This means that you might do well to wait for the initial bounce back before entering the trade after the SPY has crossed back above $464.00 to buy. This will enable you to get into or back into the stock market with reality leading the market rather than conjecture and fear. SPDR S&P 500 ETF Trust Price -- Source: Dow Jones With the current price at $458.97, SPY is a buy above $464.00 with a near-term target of $472.50 and even more beyond that. And for safety, consider a stop at $455.75.
Now, on to the best of Traders Agency… Trendlines Matter. Here's Why...
Today, I want to teach you what indicators and setups I use when preparing my charts.
I recognize that dealing with all of the data for trading might be difficult, but properly setting up my charts is a critical part of becoming a successful trader.
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And, while it may look intimidating at first, I'm here to show you how simple it is to use my charts for any trade, regardless of your experience level. Get Josh's Daily Direction
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Tracking a High Tight Flag on this Key Metaverse Stock Earlier this month, I told you that Facebook -- now Meta Platforms, Inc. (FB) -- CEO Mark Zuckerberg wants to own and operate the “metaverse.”
Now, not everyone is a fan of this idea, but I’m extremely bullish on the metaverse.
I expect it to be one of the hottest investment trends of the decade, and Meta Platforms isn’t the only major player in this space… Get Stock Surge Daily
Why This Tool Is Crucial to Successful Trading
Trading is risky by definition. No matter how well prepared we are, there is always the possibility of losing money.
However, there are a few techniques that can help us reduce risk and secure more profitable trades. Get Daily Trader Talk Why Institutions are Piling Into These Momentum Stocks There’s an old saying that applies a lot of things in life: A trend in motion tends to stay in motion.
This is very true even in the stock market, as one of the things that delivers excess returns is the momentum factor.
Momentum works best in shorter time frames of one to 12 months and along with the value effect is one of the long-lasting market anomalies that has consistently delivered excess returns. Get A Better Way To Wealth Thank you for reading Beyond The Trade! Look for much, much more every day the markets are open.
You’ll get further updates on all that is going on to make your job as a trader all the more profitable and better informed.
I’ll also continue to provide updates on the stock ideas I bring to you in Beyond The Trade.
To provide feedback, suggestions and questions, feel free to email me directly at neilgeorge@tradersagency.com.
All My Best, Neil George, Executive Editor at Traders Agency
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