When the CPI news hit the wires, the market immediately started to sell off on Wednesday. Concerns rose that inflation, which many thought had tempered, was in fact red hot.
Translation: The Federal Reserve would be less likely to cut rates. And since rate cuts have been priced in, the only way for the market to go was down,
» Read more about: Red Hot Inflation, Volatility Soars And Scary Prediction »
The old fox Warren Buffett might still have the midas touch after all. One of his favorite stocks in recent years has been Occidental Petroleum, and it’s been on a tear recently.
A quick look at the chart reveals that the stock has broken out to the upside, above an old yet key resistance level.
You may not know EQT Corp well but it’s a prominent player in the natural gas industry and historically has a strong seasonal trend during the spring and early summer months as a result of a complex interplay of demand dynamics, investment trends, regulatory changes, historical performance, and global events.
Over the next 10 weeks,
» Read more about: 1 Under-the-Radar Stock with April Tailwind »
Making money in the market isn’t always straightforward and usually requires an edge, which can sometimes be found by thinking about about how the flows of capital work.
Take for example the recent surge in metals. On a weekly chart, you can see silver has broken out of a channel that had constrained it for the past couple of years.
If past data is to be believed, there is an 81.8% probability that Centene is likely to pop by double-digit percentage levels over the next 3 months.
Remarkably in 17 of the past 22 years, Centene has gone on a bullish run in the coming months, but it’s not entirely clear why, so we peeled back the layers of the onion to reveal the cause and whether it’s repeatable again this year.
» Read more about: 81.8% Probability This Health Stock Rises »
What are the odds that a boring consumer stock is about to skyrocket? It’s hard to predict major moves in advance unless you have an edge or an insight. And that’s precisely what the historical chart pattern of Ollie’s Bargain Outlet Holdings stock shows.
You see over the next 3 months, Ollie’s has historically gone on a tear,
Five years ago, the stock we are about to discuss was trading pretty much where it sits today. Between then and now, though, it’s plunged in value by 75% during the COVID era, and rallied 10x from those lows before losing about 75% again to trade close to where it’s at today.
With all that volatility,
» Read more about: Perfect Time To Bet The Farm On Vegas Stock? »
Health services IT company TRxADE HEALTH, Inc. (NASDAQ:MEDS) played a vital role during the pandemic, making remote care and tests available to patients with its digital healthcare wing. While the effects of the pandemic are largely in the rearview mirror, TRxADE remains a prominent player in the pharmaceutical industry.
If following smart money translates to making money, now might well be the time for one company to start bouncing substantially. That’s because not only is one big money investor snapping up shares but a whole plethora of them are, and they are doing so collectively for the first time in about 3 years.
The stock in question is payments leaders,
» Read more about: Smart Money Pours Into ONE Forgotten Stock »
The problem with thinking is the risk of overthinking. At least that’s the case when it comes to gold. A few weeks ago when gold broke out, some traders were paralyzed by analytical disbelief. How could gold break out now?
Traditional analysis says quantitative easing and increased money supply should lead to higher gold prices.