News Details – Smallcapnetwork
A Major (and Free) Improvement of the SmallCap Network Newsletter
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February 2, 2024

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PDT

How was everyone's Thursday? Good, we hope. The market didn't do a whole lot on Thursday, but that certainly doesn't mean we don't have a lot to talk about today. First (though not foremost), did you see how well JetBlue (JBLU) did today? Please tell me you pulled the trigger on the idea when we told you about it back on October 16th. Even if you paid the highest price possible on the 17th, you'd still be up more than 11% on the trade thanks to today's 5% gain. I'll leave it up to you, but it's in cases like this where it can make sense to take profits on part of a position and then let the other part ride. I don't know how much - if any - upside is left with JetBlue, but we have seen the stock keep rallying when it was in a similar situation in the past. I'd say you at least have to give yourself a chance to reap some of that potential lingering reward. You'd probably just want to keep a short leash on however much of the JBLU trade you decide to hang onto. Just as a reminder, JetBlue was an idea originally given to us by the guys over at the Elite Opportunity service. It was just one of many great trading ideas John Monroe has given EO subscribers lately, so if you're needing more trading activity, I can't recommend John Monroe and has team enough. That being said.... It Doesn't Get Any Better Than Free After several weeks worth of discussion and study, we here at the SmallCap Network are giving you guys (and ladies) another streamlined upgrade to the service we provide you. Beginning today, we're going to start sending our free stock picks as a text alert to your phone. The free daily newsletter you're reading right now isn't going to go away. But, in an effort to give our fans and followers greater choice in what they get from us and how they get it, it was obvious to us we need to split up the market commentary and the stock-picking duties and delivery. And to be clear, free really does mean free, with no strings attached. No credit card is needed. The only thing you really need is, well, a phone. Why the upgrade for those of you who want specific stock picks? It's simple, really. Remember how in several of the newsletters published in recent weeks I've lamented not being able to get into a trading idea we really liked because we didn't want to risk diving into it outside of trading hours? This will solve that problem! By being able to issue short text alerts to your phone anytime we want to during the trading day, we won't be hampered by timing. The benefit to you is, you'll get better entry prices, and you'll also get more trades since we know what kinds of prices we'll be getting in the middle of the trading day. As for how many picks we're talking about, in some weeks it will be more, and other weeks it will be less. Mostly we're just looking to capitalize on good opportunities whenever they pop up. Either way, for each pick we issue as a text alert we'll follow it up later with a full rationale delivered by e-mail. The really exciting part for you ladies and gents is, however, it's the Elite Opportunity team that we'll be doing the stock-picking for the new mobile alert service. I know a bunch of you are already EO members. Nothing is going to change with your daily service. It's still going to be the best trader's newsletter I've ever seen in terms of quality AND quantity, and it will still serve up daily ideas - short term as well as long term - in addition to insightful commentary regarding the broad market. The mobile alert service still won't truly compare to what Elite Opportunity subscribers are getting in their daily alert. But, even a taste of John Monroe's stock-picking acumen will still put you miles ahead of most everyone else. There's really no reason not to sign up for the mobile alert picks, and my guess is once you see how good he is, you'll want to become a full member of the Elite Opportunity club. You know what though? You can make that decision based on the results you get from these picks. Stoked? Good. We are too. To sign up for this new service - or to find out more - just go here to start the process. Or, cut and paste this link.http://www.smallcapnetwork.com/pages/SCNEOL/v1/ Sneaky Bulls Well, it's not the outcome I was expecting, but it is what it is. Despite being technically overbought and fundamentally overvalued, the market managed to rekindle its uptrend today. I still have doubts this effort is going to get very far. But, we saw enough of a glimmer of hope today to perhaps inspire a small wave of buying. Let's let the chart of the S&P 500 do most of the talking. As you'll see, the ceiling (and battle front) at 2020 has been cleared. It wasn't an explosive leap, and it's not like volume was all that great behind the move. That may actually end up being for the best, however. It seems like many of the recent red-hot, high-volume moves have ended up being the kind of attention-getting moves that prompt profit-taking. Today's subtle victory may have actually left the market room to keep chugging for a while longer. I have to acknowledge I'm willing to be a little more optimistic than I'd usually be with this scenario because of the VIX. It's also got room to move a little lower, and I've not seen any evidence of the VIX even thinking about moving higher since the pullback began in mid-October. Bottom line? I may end up eating crow here, as (and as I pointed out earlier in the week) the stock market is behaving more than a little peculiarly of late, but I can see the S&P 500 managing to test the developing ceiling around 2057. That outlook basically corresponds with the potential move to somewhere around 10.0 for the VIX. At 2057, not only do we have technical problems to deal with again, but we'll also have major valuation challenges in our path. We'll look more at the market's fundamental situation tomorrow with our update of the Q3 earnings report card. In the meantime, don't forget to sign up for free stock picks delivered straight to your phone. I'm confident you'll be glad you did. Just go here, or cut and paste this link: http://www.smallcapnetwork.com/pages/SCNEOL/v1/