Big Market Bounce: Next Bull Market?
The market is ripping higher now, and Brian and I had some amazing trades on TQQQ, TSLA, and AMD. In particular, the semiconductor sector, which got really beat up last year, is leading the charge. The SOXL ETF, based on the semiconductor sector, which offers 3x leverage, is surging, and the puts that Ardi and I sold on January 6 and 8 are doing well. You can watch our recap here. Paras had the best trading day of 2023.
This week’s economic calendar and numbers are light, but we do have a fresh CPI (inflation report) number coming out on Thursday, and that could certainly once again lead to huge volatility. Economists expect a cool down in core inflation from 6% to 5.7%, otherwise, we may end up having a massive move up or down. Given the job numbers released on Friday, the job market is still strong and weak growth is decreasing, and the idea of a “soft landing” is once again on the table. Again, if JPow and his colleagues manage to cool down inflation without destroying the job market (aka recession), then the soft landing will have been achieved and they will be remembered in history as some of the best bankers in the world.
Earnings season starts soon, and the majority of investors are expecting a sharp decline in corporate profit margins. This is also a test of how resilient American companies are, and it will be exciting to see what the biggest companies in the world do over the next few weeks.
What a time to be alive – and to be a trader!
We start Peak Capital Trading’s bootcamp this week, with a small cohort of serious and committed traders. One last spot is available. If you are interested in joining us for 3 months of intense training with our traders, please check the bootcamp out here.
For Monday Onboarding and Technology, Carlos and Mike will walk you through the tools needed to start your trading career and introduce you to both our philosophy of education and our suggested path to success, with the end goal being that you will be able to build your own winning TradeBook for the stock market. All members, and in particular our new members, are most welcome – and very much encouraged – to join us tonight at 8pm ET.
To your success,
PS1: Peter’s daughter is in intensive care. We wish her well. If you are close to Peter, please do not hesitate to send him a note and let him know your thoughts and prayers are with him and his family.
PS2: If you have not yet taken the leap and joined Bear Bull Traders, I am pleased to announce that for a very limited time we are offering a 50% discount off the regular price of an Elite annual membership. You will receive one full year of access to everything that Bear Bull Traders offers plus one complimentary one-on-one coaching session with Dr. Kenneth Reid. You can access this offer here. Please use discount code “WINTER50”.
PS3: I love to stay connected with everyone on social media and each platform is of course different:
> Follow me on Instagram for the traveling trader lifestyle!
> Connect with me on LinkedIn for professional content.
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> Subscribe to my YouTube channel for hot content from the BBT team.