NASDAQ 6,000? There's Some Pretty Smart Pros Who Think So

Jul 9, 2020

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01:13 PM PST

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Oh boy, here we go again. Markets gapped up this morning, and now appear to be heading lower - something our friends over at Viking Crest (www.vikingcrest.com) have continued to reiterate to their clients for a few weeks now.


Will they end up being right about their 6,000 target on the NASDAQ? There's an awful lot of traders and investors out there who hope they're right, because if these markets continue to move lower and lower, the buying opportunities are going to start looking more and more attractive.


Give it some time I suppose, but they also published some pretty interesting fundamental data this morning, as it relates to the divergence between earnings and the runaway move to the upside on the S&P 500. Basically, they said these markets are looking more and more like they've gotten ahead of themselves.

Trouble Looms for Stocks - Not for SNAP

Jul 9, 2020

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01:13 PM PST

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Markets up markets down. So goes the theme we've seen for so long. But, I did point out last week if the VIX Volatility Index started acting funny, it could be the beginning of something far more serious than anything we've seen in a very long time.


What I'm saying is a selloff big enough to scare some of the weaker hands out there, and a selloff that many investors who've been sitting on the sidelines for so long might finally start to consider as an opportunity to get back into stocks.


When we compare the recent S&P 500 chart to that of the VIX, one can see everything we've seen recently looks pretty normal. Big jumps on the VIX and big dips on the S&P 500, but every time this happens the S&P 500 ended up going higher. However, I think one more big jump on the VIX real soon could spell at least a mini disaster for stocks heading into Labor Day.

What's Our National Security Really Worth? Patriot One Technologies (PTOTF)

Jul 9, 2020

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01:13 PM PST

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Finally, a little relief for stocks. Not only is it a welcomed event, it comes at a time when the bears are really starting to come out of the woodwork. But, we all know the bears continue to be pushed back into hibernation over and over again for several years now. Let's hope they're sent right back into the woods this time too.


Today, I'm going to go a little op-ed on a subject I'm pretty passionate about - terrorism - and how I think one company in Patriot One Technologies Inc. (PTOTF) could end being one real viable solution on a subject that needs many.


First, we all know what took place over in Spain, and then before that in Charlottesville, and then on so many other occasions in recent years.

Russell 2000 and the S&P 500 - SNAP and GPRO Developing Bottoms?

Jul 9, 2020

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01:13 PM PST

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Happy Monday everybody. Let's hope this week is far different than last week, but so far it doesn't look that way yet. Stocks are definitely getting beaten down to more attractive valuation levels though. So that's good I guess.


Just goes to show if you're going to make money in stocks, it's a road of conviction - that's for sure. Buying good companies and sticking with them no matter what is probably always going to be the best strategy. You can speculate on smaller stocks, trade them, and even hold them on their way up, but at some point one has to determine whether or not the stock they've invested in warrants that buy and hold mentality, or if it's just something to trade for some quick profits.


There's no one better strategy for investing or trading other than understanding one's goals, timelines and risk tolerance. If you can identify that within yourself, then you're doing better than most.

The Big Short - These Guys Saw the Market Meltdown Coming

Jul 9, 2020

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01:13 PM PST

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It's Friday and I don't there are too many investors out there who'd wish this week would continue. Except for those traders who saw the recent move coming and took advantage of it. I could talk about a lot of things today, but I'm going to suggest something I believe to be far more important than anything else I could possibly write about today.


On Wednesday, I gave all of you the opportunity to test drive free what is fast becoming one of the most sought after subscription based advisory newsletters for investors and market professionals looking to make more money in the stock market.


For those who didn't get a chance to read Wednesday's edition, our own Elite Opportunity Pro has recently merged with Viking Crest Research located at www.vikingcrest.com. It's John Monroe's new site and service that is really giving traders and investors a BIG edge.

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