Here you will find our nightly trade report email. This includes a market update with general news and other developments which impact the markets. You will also find 4-6 stocks with concise due diligence to help you save time. This email will arrive in your inbox roughly by 5-8PM EST every night before the market opens. Below the Market Update and stocks, you will find the key which includes information such as our risk rating, disclaimer and more. If you aren’t automatically receiving this in your email every night, have any questions or feedback, please contact us!
Trade Report For 3/04/21
Stocks continued to sell off in todays session, turning the Nasdaq negative for the year. This continued downward momentum was fueled by Powell who failed to ease investor concerns about recent yield movement. While Powell emphasized the economy being far from their goals, he stopped short from indicating that the Fed would buy more long-term Treasury yields. Some investors had anticipated potential action by the Fed, but Powells remarks didn’t assure investors that the central bank would act to keep rates and the rising cost of borrowing contained. During times like this, many managers like Cathy Woods opt to consolidate and focus capital into the highest conviction stocks. As many begin to consolidate and focus on their favorite positions, the fear index has surged to its highest level in 5 weeks thanks to the rapid increase in yields. On another metric, the U.S. Q4 productivity sunk 4.2%, its largest drop in 39 years. On a brighter note, the long awaited stimulus bill is now under a final push as the Senate kicks off with a read aloud of all 628 pages spurred by Republican Ron Johnson. While progress is exciting to some, the votes are razor thin with Vice President, Kamala Harris breaking a 50/50 vote to advance the bill. The read aloud, debate and final vote are antiquated to take place into the weekend as the Senate scrambles to complete the $1.9 trillion deal. In this evenings session, the futures are X suggesting Y.
For a copy of economic reports this week, click here.
- *Risk estimates are rough estimates we use to gauge the potential volatility of a stock
- Red: High risk, most speculative play.
Generally companies with market caps under
$100M and weak cash positions (under $20M)
- Yellow: Medium risk. Decent cash position (over $20M),
present a decent trade-setup, and ideally have catalysts
- Green: Lower risk relative to yellow and red rated trades.
These trades are supported by strong underlying
fundamentals and have upcoming catalysts. Ideally,
there is a nice technical setup too.
- Support: The share price we monitor to remain bullish on a position, this serves as our mental stop loss
- Resistance: The share price we monitor to indicate a potential breakout zone
- Time Frame: A rough estimate on the amount of time a stock will take to reach our price target
- Core Positions: For this evenings copy of our core position updates, click here
- Trade Updates: For stocks on previous emails or SMS alerts that aren’t on this evenings email, click here
Trading stocks is risky. Part or all of an investment may be lost. Our daily “Trade Insights” emails are meant to give you ideas for swing and day trades but do not serve as investment advice. We recommend users conduct their own independent research before making investment decisions and consult with a financial advisor.
Price targets, risk estimates and all other assumptions outlined in all of our content housed in our website, emails and SMS alerts are estimates designed to help you with your research efforts and are not exact predictions. These are not to be perceived as investment advice, independent research should always be conducted and consulting with a registered financial advisor is traditionally good practice. We may trade some of these companies based on the thesis outlined by the existing data, but are not compensated by these companies in any form.
For a full copy of our disclaimer please click here to read