It's a new week, and so far, markets are off to a great start, with both the S&P 500 and Nasdaq up more than +1% from last weeks close.
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FB
It's a new week, and so far, markets are off to a great start, with both the S&P 500 and Nasdaq up more than +1% from last weeks close.
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By now, I'm sure you already know that, yesterday, Meta Platforms Inc. (FB) reported earnings results that included slow user growth and weak guidance. The market didn't like what it heard, and the stock dropped more than 26% on the day.
The selloff drove shares of FB well through our outstanding protective stop of $286.64 and we removed it from the portfolio.
If you were following along and had your order in place, you should be out of the FB position.
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The Money Hour Update: A Big Win & Some Challenges... Read More »
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We're Placing Bear & Bull Trades + Bonuses!... Read More »
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Washington’s Regulators Are Getting Nasty – These “Moat Companies” Will Kick Them Right in the Teeth
It's Warren Buffett's favorite strategy.
Buffett refers to it as the "moat strategy" - and he's talked it up for decades.
The strategy is simple. It's powerful. And it works.
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It's a new week, and we're back with more patterns!
As I speak, the market is set to open up slightly, with the S&P set to gain 0.25% and the NASDAQ outpacing the broad market, up by more than 0.5%.
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Today's trades are mixed, however, and we're targeting profits on the top two patterns of the day - one bullish and one bearish.
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