| | | | Ever set a buy alert and ignored it?
You're not alone.
A little over four weeks ago I'd set a marker to trip an alert on Masterbeat Corp. (MSTO) around when the 50-day simple moving average jumped the 200.
I don't recall the bells going off, but apparently I hit the snooze button.
Yesterday, my scanner began flashing...
...MSTO had shot up 80% and would close the day gaining 400%, which translates to an over 600% gain from the time the alert went off...
"Well, isn't that just fantastic."
There's a natural inclination to chase when you see this type of action and we're seeing it after yesterday's NASDAQ uprising.
And although things are on the up and up, I'd still trade carefully as both the daily and weekly charts haven't quite cleared for take off just yet...
But exercising a little caution and keeping your strategy consistent is the key here, even if you lose a little.
Rogue Investing's options coach and trading savant Chris Hood lays out how and why this is key to winning in his latest article.
Link below...
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| | | | | | | | | | | | | | | Quesadigital, 'Gamo Good to Go, Marijuana Moves - Flat Burrito Business - Chipotle (CMG) may have broken the internet after announcing the debut of its quesadilla, but restaurant patrons might be dismayed when choosing to dine in. After years of rumors and requests, the quesadilla will hit menus Thursday and will only be available via the online menu. With the company pushing its digital business, this was a logical step to drive sales. They could just take the order in the line, but alright.
- Upscale Fashion is Back to Business - High end clothing designer and fashion favorite of investment bankers, Salvatore Ferragamo (SFRGY/F), breathed a sigh of relief after reporting an uptick in overall sales since the beginning of the year. With shoppers vying for $20 rhinestone face masks over $600 leather flip-flops, the company suffered losses that placed it towards the bottom of its industry in 2020, causing many investors to steer clear. But after refocusing its efforts towards e-commerce, Ferragamo reported an 86% increase as of last week... Let's just hope this goes on sale soon:
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| | | - WEED – Cannabis stocks began their revival yesterday after Mexico's Lower House of Congress gave a thumbs up on a decriminalization bill. Although the bill has yet to become law, experts remain confident that the legislation is a shoo-in. Approval of the bill would be a major catalyst for the industry as Mexico could potentially be the largest market for marijuana or "mota" for our Spanish speaking readers.
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The Meme Squeeze Continues – Apparently, the GameStop (GME) short squeeze has become part and parcel of the stock market in 2021. Now sitting over $16 billion in total market cap, the stock is up over 86% for the week as Redditors pile in to buy up shares. The retailer announced this week that Ryan Cohen, the founder of Chewy (CHWY), would be leading the company's digital sales efforts. Surely, that's the reason the stock is on the rise.
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| | | | | | | | HOT SPOTS: What's going on in geopolitics
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| - ♫Be Prepaaaaaaaaaaaaaared ♫ : China is comfortably moving into the Disney villain category, with Chinese President/Pooh lookalike Xi Jinping calling for the military to be prepared to respond to any situation. That's fairly standard, but it's a bit worrisome when the president added that "the current security situation of our country is largely unstable and uncertain." Generally, leaders try to project calm, unless they want a crisis. And you know what they say - never let a crisis go to waste.
- Russian-Chinese Lunar Alliance: Russia and China have been moving closer and forming a de-facto alliance here on Terra. It's natural they'll work together in space as well. Russia's Roscosmos space authority and China's National Space Administration have agreed to work together on a lunar base. It will be a "complex of experimental research facilities created on the surface and/or in the orbit of the moon." And you all laughed when President Trump said America needed a Space Force.
- Crackdown On Clandestine Raids: President Joe Biden has already performed the now traditional bombing of a Middle Eastern country early in his administration. However, he's also reviewing a host of activities by American special forces and moving to restrict clandestine raids. The intent is to restore White House control over strikes by drones and/or commandos, decisions that President Trump largely left to the military and the intelligence community. With these shadow wars about to be brought under public scrutiny, look for some leaks about just what the American government has been up to over the last few years.
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| | | CUTTING EDGE: What's Happening In Tech
The Killer Robots Are Already Here - On a closely related note, Forbes reports that American Special Forces may be using armed, unmanned vehicles to destroy targets. Wording from R&D documents suggest that the military is using a Lightweight Remote Weapons System (LRWS) for force protection. It's unclear whether the military is already using this system on unmanned vehicles, but it may be. The Russians are already trying to use combat robots, but it's not going well. It's Uran-9 vehicles have reportedly performed poorly in the Syrian conflict.
This time, without the explosion - Space travel is an incremental process. SpaceX's SN11 rocket is getting a little better each time. First, it couldn't land and exploded. Then, it stuck the landing - and exploded just afterward. Third time's the charm? An SN11 just arrived at the launch site in Boca Chica, Texas. Though there is no launch date set yet, it may come as soon as next week.
One Step Closer To Cyborgs - We probably aren't anywhere close to full fledged cyborg status, meaning replacing parts of your body with machines. However, to some extent, we're already cyborgs because of the countless small electronic devices that people can take with them or wear on their clothes. Of course, there's a problem - how do you power all of them? Nanoengineers (such a cool job title) have developed a "wearable microgrid" that contains three parts which will generate power for small electronic devices via the user's sweat and body movements. Even cooler - the parts are flexible, washable and can be screen printed onto clothing. Keep this headline in mind - I suspect energy creating machines of this sort will be as commonplace as smart phones in a fairly short time.
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| | | | | | It's your future. The prophets warned us, we should have listened |
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| | | FOR YOUR CONSIDERATION
"The initial journey of the retail trader is like this.
Huge euphoric wins, followed by equally large devastating losses."
Break the cycle. It's time to stop the booms and busts and start racking up consistent gains day after day. Your Options Coach Chris Hood will show you how.
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| | | | | | | | | | Materialise NV (MTLS) is a 3D printing favorite and has had a monumental rise over the last year until the recent tech teardown.
A quick glance at the chart shows the stock is oversold after a 67% drop with the RSI indicator at the bottom giving confirmation.
Yesterday's performance put the stock back into a bullish position noted by the large green engulfing candlestick.
The gold arrow pointing to the 200-day simple moving average is likely the stock's next move.
For the longs, MTLS is in a good position to add and for those new to the stock, it's unlikely that you'll see these levels again.
-Corey
(Disclosure: I am long MTLS.)
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| | | | | | | | | | Copyright © 2020 Rogue Investing. All Rights Reserved. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Rogue Investing.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for any trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. By downloading this book your information may be shared with our educational partners. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of Rogue Investing.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. An InvestPub Company. |
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| HIGH RISK WARNING Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. RogueInvesting.com provides general advice that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.You should seek advice from an independent financial advisor. Past performance is not necessarily indicative of future success. |
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