Legendary Stock-Picker Predicts Best-Performing Stock of 2020

Jeff Bishop: Will rising Coronavirus cases derail the market?

This week’s jump puts the news in perspective, taking an objective look at the facts and offering several scenarios. We’ll also take a look at the recent polling and what that means for the markets.

It’s incredible how much can change in a few days.

Consumer spending rose, Americans returned to work…and then IT happened.

Coronavirus cases shot up in Texas and Florida.

Reluctantly, governors hit the brakes on reopening, with a couple of states even retrenching.

This week’s jump puts the news in perspective, taking an objective look at the facts and offering several scenarios.

We’ll also take a look at the recent polling and what that means for the markets.

And not to be left behind, I’ll give you some insight into markets often trade into holidays with waning volume.


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Economic recovery risk

We knew the possibility existed of a virus resurgence. Many hoped that summer months would tame the spread.

Now, we know that even the best-laid plans rely on our adherence to them, something that’s become a political problem in a few places.

I don’t pick on Texas and Florida for any reason other than they’re the epicenter of the current news cycle as well as states with large populations. Both chose to reopen quicker than many other states.

In Florida, restless youth left their homes to meet with friends, leading to an explosion in new cases, particularly among younger persons.

Florida COVID Dashboard

Similarly, Texas found that the new infections skewed towards the younger demographic.

As it stands, hospitalizations increased, but not as drastically as the data would suggest. New cases haven’t increased the need, suggesting that initial findings that younger individuals could tolerate the disease better.

However, they don’t live in a bubble, with widespread concern they will eventually infect their households.

All of this led to bars closing in both states, though no additional mandates have been implemented yet.

Without a vaccine, the push and pull between opening and pausing economies will continue until herd immunity is reached – if that is a possibility.

Current estimates show Florida’s peak from the recent wave towards the middle to end of July.

With a market priced to perfection, supported mainly by Fed dollars, stock prices will rely entirely on their intervention to bridge the gap. The question is how far and long is the Fed willing to support stocks.

As we get the Fed minutes this week, look for any dissension in the ranks. I expect the longer this drags on, the more vocal hawks become, favoring natural price discovery over an ever-expanding balance sheet.

Let’s not forget that the pandemic ties directly into the upcoming election, which is anything but decided.


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Millionaire Trader Reveals Top Trade Idea Each Week

RagingBull.com CEO, Jeff Bishop, shares his top pick for the week each Monday, straight to your inbox.

“My strategy aims to help you pull one winner out of the market each week, regardless of market conditions!” – Jeff Bishop

Click Here!


Election mayhem

Without question, the upcoming elections will be one of the most controversial in history. Several states already began expanding mail-in voting, while others refuse.

No one knows how the pandemic will affect voter turnout. But if the primaries are any indication, it could be several days before we know the results of local and national elections.

For all you youngins, this isn’t our first rodeo. The 2000’s election took weeks to tie up. Which, while controversial in its own right, still ended with most of us coming together.

This one is shaping up to be a nail biter.

Recent polling shows Joe Biden well ahead of Donald Trump both nationally and in critical swing states.

We know that polling failed us in 2016. However, there are a few points most people gloss over.

First, the national polls were generally correct. They showed Hillary Clinton with a slight edge in the popular vote. That just didn’t translate into the electoral college.

Second, the majority of state-level polls still landed within the margin of error. At the moment, several states show a gap outside of that margin, meaning it would be a statistical aberration based on current polling.

And, as the pandemic and protests continue, the core rallies that solidified Trump’s base come into question.

That’s not to say any of this is a foregone conclusion for either side – far from it. What the data says, combined with the macroeconomic picture, is that President Trump is currently at a disadvantage, both from a weakened economy as well as civil unrest.

There are still several months and a VP pick to go, so anything is possible.

Plus, it appears we won’t see an agreement on additional stimulus. Those benefits start to run out in July, and that could really curtail any economic growth.

So let’s light stuff on fire!

Leading into the July 4th holiday, I expect trading volume to shrink. Like many of us, Wall Street heads out early for the holiday, leaving the juniors and the computers to manage the books.

Lower volume often leads to more volatility and current trends continuing. During bull market runs, we often see stocks float higher.

With recent declines, it’s possible to get some real moves like what led into Christmas 2018.

Right now, I’m preparing a plan for my Bullseye Trade of the week. Laying out my best trading idea, I see a couple of places that look ripe to make an explosive move.

So what is Bullseye Trades?

Click here to find out more.

Stocks I want to bet against this week…

TTD, CAT, TDOC, SC, DFS, PENN, SHOP, AVLR, IWM

Stocks I want to buy this week…

MJ, DKNG, FSLY, PYPL, OKTA, ZM, TWLO, MTCH, NOW, CVNA, SIX, ABT, SPCE, GAN, SPOT, REGN, KWEB, ECL, CARR, TW, GMBL, GDX, EXPE, RNG, WYNN, WORK, NEM, CLX, EBAY, VAPO, NKLA, CTXS, GOOGL, MDB, DPZ, COUP, WK

This Week’s Calendar

Monday, June 29th

  • 10:00 AM EST – Pending Home Sales May
  • 10:00 AM EST – Dallas Fed Manufacturing June
  • Major earnings: Herman Miller (MLHR), Micron Technologies (MU)

Tuesday, June 30th

  • 7:45 AM EST – ICSC Weekly Retail Sales
  • 9:00 AM EST – S&P CoreLogic Case Shiller April
  • 9:45 AM EST – Chicago PMI June
  • 10:00 AM EST – Consumer Confidence June
  • 4:30 PM EST – API Weekly Inventory Data
  • Major earnings: Conagra Brands Inc (CAG), FedEx Corp (FDX), Pebblebrook Hotel Trust (PEB), Steelcase Inc’A’ (SCS)

Wednesday, July 1st

  • 7:00 AM EST – MBA Mortgage Applications Data
  • 9:45 AM EST – Markit US Manufacturing PMI June
  • 10:00 AM EST – Construction Spending May
  • 10:00 AM EST – ISM Manufacturing June
  • 10:30 AM EST – Weekly DOE Inventory Data
  • 2:00 PM EST – FOMC Minutes
  • Major earnings: Genl Mills (GIS), Macy’s, Inc. (M)

Thursday, July 2nd

  • 8:30 AM EST – Weekly Jobless & Continuing Claims
  • 8:30 AM EST – Unemployment & Jobs Number June
  • 10:00 AM EST – Factory Orders & Durable Goods May
  • 10:30 AM EST – EIA Natural Gas Inventory Data
  • 11:00 AM EST – Kansas City Fed Manufacturing Activity for June
  • Major earnings: None of note

Friday, July 3rd

  • Markets closed for Independence Day

Source: TotalAlphaTrading.com | Original Link

Jeff Bishop’s Bullseye Weekly Trades: Watch This To Signal A Market Recovery

The Coronavirus stands at center stage, holding everyone’s attention. There are two questions we want answered:

  1. When will this end?
  2. What will be the total damage?

There is one single metric you should be watching – number of daily new cases in the United States.

Once that peaks and starts to decline, we will likely find a bottom in the market.

But how do we begin to answer the second question?

What the market craves is certainty. That’s why this week’s jump focuses on the areas to watch for answers to our second query.

Plus, I want to offer some tips on timing the market I’ve used these past two weeks in my Bullseye Weekly trades to hit some big winners.

It could work for you too.

There is plenty to cover, but first I want to talk about junk bonds and its utter collapse.


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RagingBull.com CEO, Jeff Bishop, shares his top pick for the week each Monday, straight to your inbox.

“My strategy aims to help you pull one winner out of the market each week, regardless of market conditions!” – Jeff Bishop

Click Here!


Junk Bond Collapse

If you look at the high yield debt market selloff, investors are saying they expect a lot of companies to go out of business. That’s a real possibility.


HYG Monthly Chart

We’ve had companies propped up by easy money and large quantities of debt for years now. Yes, the Fed can certainly keep this going.

However, I’m going to say this is a good thing. Clearing the deck of unprofitable companies leaves the ones left in a much better position to grow. They don’t have to fight for market share with players that have no business existing in the first place.

Pricing risk is an essential component of equity and debt markets. Finally getting back to a point where money isn’t thrown at every startup should increase both the quality and viability of the survivors.

Watch Jobs Like A Hawk

Weekly jobless claims come out every Thursday at 8:30 Eastern Standard Time. I’ll be keeping a close eye for this to peak and decline in the coming months.

Right now, estimates are a potential loss of several million jobs. The first look at that will show up in the unemployment claims. Granted, this may be stalled from shelter-in-place and curfew restrictions, so we may not see things show up for a month or two.

Along with the jobs numbers, keep an eye on service sector health reports. We all know that they are getting hit the hardest. What I want to see is the numbers bottom out and start to recover.

Earnings Puke

During the Great Recession, companies took the opportunity to throw up every bad thing on their balance sheets. Expect the same thing to happen in the coming months.

Corporate earnings will be effectively useless. Anything a company made will be historical and none of them can forecast what’s to come for the same reasons none of us know when we get to leave the house.

Heck, Delta’s burning $50M in cash a day!

My advice – only listen to what they have to say about how long they can survive. The ones with strong balance sheets will make it through.


Here’s How You Can Still Make Money

There’s a whole lot of money to be made out there if you know where to look.

Typically, I deliver my Bullseye Trade of the Week Monday morning with all the info needed to take the trade…

Except this market is anything but typical.

Instead, I’ve held back until we get our regular Monday selloff. ONLY THEN, do I dip my toes in and start delivering the my entries and price targets.

Not everyone is taking the ride. But some members absolutely killed it last week.

This was definitely one of the best Bullseye weeks so far!

The increased volatility makes it possible to hit these whoppers. Timing becomes critical.

Do yourself a favor. Look at the past few weeks of trading day by day. See if you notice any patterns as to how the market is moving both between days and intraday. You might be surprised what you find.

If you’re having trouble, try picking up some tips from my free masterclass. It’s a great way to learn some new techniques for looking at charts and trading the markets.

Click here to learn register.

Stocks I want to bet against…

TLT (none), ZM (Mar 4), COST (Mar 5)

Stocks I want to buy…

MJ (none), UNG (none), XLE (none), WDAY (May 26), TWLO (May 3), OLED (May 7), V (Apr 22), IRBT (Apr 28), DPZ (May 20), GOOGL (May 4), CVNA (May 13), CMG (Apr 22), NFLX (April 21), AMZN (Apr 23), UBER (Jun 4), GDX (none), ROKU (May 13), MTCH (May 5), TDOC (May 5), ZS, AYX, RH, WORK, CRWD, IWM


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This Week’s Calendar

Monday, March 23rd 

  • Major Earnings:  None of note


Tuesday, March 24
th

  • 7:45 AM EST – ICSC Weekly Retail Sales
  • 9:45 AM EST – Markit US Manufacturing & Services PMI March
  • 10:00 AM EST – New Home Sales February
  • 10:00 AM EST – Richmond Fed Index for March
  • 4:30 PM EST – API Weekly Inventory Data
  • Major earnings:  Grocery Outlet Holding Corp (GO), At Home Grp Inc (HOME), Nike Inc Cl B (NKE), ProPetro Hldg Corp (PUMP), Steelcase Inc’A’ (SCS)


Wednesday, March 25
th

  • 7:00 AM EST – MBA Mortgage Applications Data
  • 10:30 AM EST – Weekly DOE Inventory Data
  • Major earnings: Paychex Inc (PAYX), Winnebago Indus (WGO), Micron Tech (MU), Paysign Inc (PAYS)


Thursday, March 26
th

  • 8:30 AM EST – Weekly Jobless & Continuing Claims
  • 10:30 AM EST – EIA Natural Gas Inventory Data
  • 11:00 AM EST – Kansas City Fed Manufacturing Activity March
  • Major earnings: Signet Jewelers Ltd (SIG), Gamestop Corp (GME), KB Home (KBH), Sportsman’s Warehouse Hldg (SPWH)


Friday, March 27
th

  • 10:00 AM EST – University of Michigan Sentiment March
  • 1:00 PM EST – Baker Hughes Rig Count
  • Major earnings: None of note

Source: TotalAlphaTrading.com | Original Link

Jeff Bishop’s Bullseye Trades Training | Profit Using Gravitational Lines

If I could give you one indicator to use for the rest of your life, it’s would be the 200-period moving average. I don’t think there’s any other indicator out there that gives you better insight into a stock or overall market.

It’s what I call my ‘Gravitational Line.’

Today, I want to explain how I use it to my advantage—from understanding trends to using it as a key level. More importantly, I’m going to share with you the most crucial aspect of making it work—context.

You see, many traders look at the 200-period moving average as an absolute indicator. They don’t realize that you have to step back and look at how the stock traded recently relative to the gravitational line.

Did the stock cross multiple times? How long has it been since the last touch? How far away is it?

All of these questions are essential to effectively using the 200-period moving average in your trading…


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Gravitational Lines Calculations

Before we get to the fun part and how we can use the gravitational line as a trading tool, we’ll need to see how it’s actually calculated—don’t worry though, you don’t need to do any math whatsoever.

The 200-period moving average refers to the simple moving average. The calculations are pretty straightforward. You take the closing price for the last 200 periods and average them. This creates a point for that period. Connect the dots, and you get the 200-period simple moving average.

You can find them on most stock charting software as a standard indicator. They may be labeled as SMA for simple moving average.

When you pop it into a chart, it will look something like the green line in this SPY chart.

SPY Daily Chart

Traders like using the 200-period moving average as a guidepost. It takes a long time to turn around. Shorter time-frame moving averages like the 13-period moving average react quickly to price change. When you get sustained trends, you’ll start to seem them play out on the 200-period moving average over time.

Understanding Trends

The first step to identifying reversal patterns is to figure out the overriding trend. You want to find a setup where the long-term trend remains intact, but the stock makes a retracement within that framework.

Here’s an example with ROKU.

ROKU Daily Chart

Even with the recent pullback, the stock remains in a bullish trend overall.

How can I tell? First, I look to the 200-period moving average on the daily chart. ROKU not only hasn’t hit it since the beginning of 2019 but remains solidly above that indicator. Many traders, not just myself, use the 200-period moving average as a line-in-the-sand for determining trends.

Now, the key is that the stock needs to be trading above the 200-period moving average consistently. Stocks that waffle back and forth, crossing it multiple times, aren’t necessarily bullish.

Check out the daily chart of Delta (DAL), and you will see what I mean.

DAL Daily Chart

Overall the stock looks more bullish than bearish. However, I wouldn’t say there is a clear, overriding bull trend here. Nor would I use the gravitational line to trade against. You can see how the stock crosses the line multiple times. This reduces its importance.

On the flip side, the gravitational line can become resistance. Stocks with protracted downtrends will often bounce off the 200-period moving average on spikes.

Check out how this plays out with JC Penny.

JCP Daily Chart

Selecting Your Time-Frame

The charts I’ve shown you so far are for daily periods. However, the gravitational line really works on any time-frame. The key is to understand how it lands in context to the larger trend.

For example, let’s use the ROKU daily chart from before. We had a clear, uptrend that’s still intact. However, let’s break it down to the hourly chart.

ROKU Hourly Chart

Right now, the stock is trading under the 200-period moving average and looks rather bearish. If I want to play short-term, I can be short against the 200-period moving average all the way down to the daily moving average at $114. However, down there, I would expect the longer-term gravitational line to outweigh the short-term one.

Ideally, I want both the long and short term trends to align. However, we don’t always get that lucky. The key is to avoid trading against the longer-term averages using short-term time-frames. Otherwise, you run the risk of the trade reversing in your face.

The Right Amount of Time Since It Touched

I’ll share a little secret with you. Ideally, I want the stock not to have touched the gravitational line for about 25-30 periods of whatever time-frame I’m looking at. The longer it’s been since the touch, the more likely the gravitational line becomes a trade level.

That doesn’t mean it works every time. But trading is about probabilities. Create the right conditions, and you’ll generate more wins than losses.

This Is How I Identify My Bullseye Trades

Many of my Bullseye Trades use this exact method as an entry, a stop out, or a target. These are trades I aim to get a +100% return each week. So with one trade idea for the week, I want to make these the best ones possible.

You can learn more about Bullseye Trades by clicking here.

Source: RagingBull.com | Original Link

Jeff Bishop’s Bullseye Trades Reviews | One Great Idea – Every Single Monday!

Imagine this…

The moment most people dread. The alarm clock rings. It’s Monday morning.

Time to shake off the weekend, get out of bed, grab some coffee and a shower…

Time to rush off to that J.O.B. … again.

No wonder we all hate Mondays.

BUT THAT ALL CHANGES NOW!!!

Now Imagine This…

It’s Monday Morning. You’re sitting down with that hot cup of coffee.

You open your email and HERE IT IS

The single best options trading idea on Wall Street sitting right in your inbox. Delivered right to you from the world’s #1 Options Trading/Training Expert!

Jeff Bishop is a self-made millionaire with the options trading record that others only dream of. (Check It Out Here) Featured on Forbes, Wall Street Journal, U.S. News and many other outlets, Jeff has literally changed the way options traders view the markets.

Now as impressive as that is, the best news is that Jeff has now opened up his “Black Book” of trading knowledge to YOU!

Here is your chance to gain expert wisdom and insight into the options market each and every Monday morning with ONE SINGLE TRADE delivered right to you!

These are trades that Jeff executes using REAL MONEY. Not some rear-view ideas that “could have been”. Results like these happen all the time:

This could not be easier. Click Here Now for a FREE presentation of Jeff’s brand new platform of helping people just like you transform their Monday mornings, and even their entire financial future.

Remember, the information is Free. There is Zero Obligation whatsoever.

Let Jeff transform the way you think of Monday mornings. Before long, you’ll we looking forward to that alarm clock!

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Jeff Bishop’s Bullseye Trades Program | WIN-DAY

You may have heard me talk about the power of options and my uncanny ability to pick the right contract for maximum gains…

Want irrefutable proof?

Last week I alerted WDAY to my Bullseye members. Here’s part of the exact email I sent on Monday morning:

 

I want you to take notice of the chart and the “breakout line” in this email.

Look carefully for me.

Now, check out the same chart 2 days after this alert..

WDAY busted through the breakout line, just like I said it would.

There’s something that I want you to understand, though.

The move from $166 – $174.34 is a 5% move in the stock price.

Meaning, if you had bought the stock where I alerted it, you’d have a 5% gain on your hands.

But.

Of course, my members chose to get into the options contract that I hand picked to maximize gains.

It’s safe to say they made the right choice.

David locked in half of his profits when he was up 270% just like a pro.

Heath snagged a 147% gain in a matter of 2 days.

Randy has an extra $1,526 to play around with this weekend thanks to my Bullseye Trade!

The point is, that 5% move in WDAY stock yielded a triple digit percentage winner on the options contracts that I alerted to my members.

When you’re hitting wins like this every week, that $399 price tag for an entire year looks like a drop in the well, doesn’t it?

My next Bullseye trade could be sitting in your inbox bright and early Monday morning.

You know you want it…Join NOW!