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FACT CHECK: Did JR Say “Bitcoin is going to $200,000?”

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Rumor has it that JR Romero predicted Bitcoin is going to $200,000. Is it true? JR goes over: What it would actually take for Bitcoin to see $200,000 The importance of the Bitcoin $126,000 level Why he does not like buying Bitcoin over $100,000 The unique nature of this assets class Where MicroStrategy (MSTR) can go What MSTR sometimes signals for the market

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This Market Is Unstoppable

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Sami Abusaad argues that the SPY and QQQ are headed to record highs. Sami goes over: Why IWM is still bullish, but lagging behind The reason the Moody’s downgrade is not a big deal The exact level that could trigger a selloff in the QQQ’s A casino stock that could rally big from here A medical device play that looks set to hit new highs Why Porch Group (PRCH) looks fantastic A silver stock with a strong long-term outlook An EV name with a beautiful weekly chart Why Sweetgreen (SG) looks awful right now

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10 Things You Need to Know – Winning Bigly Edition!

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What a week! We just saw: President Trump go full shock & awe on the news front Inflation surprise to the downside Earnings season close out on a super strong note And a whole lot more! So let’s dig into the 10 Things You Need to Know About Markets Right Now. 1. President Trump Is Winning Bigly… For Now President Trump had one heck of a week, generating so much news that it’s impossible to figure out how good it all is – and how much credit he deserves. He: Signed an Executive Order to lower prescription drug prices Secured a $600 billion investment from Saudi Arabia and a $1.2 trillion commitment from Qatar Made $200 billion in deals with the UEA, including an agreement to build the largest AI campus outside the United States Allegedly brokered a ceasefire between Pakistan and India Said he’s getting closer to a nuclear deal with Iran Lifted sanctions on Syria Defended himself against a verbal assault from Bruce Springsteen Launched an unprovoked attack on Taylor Swift Got a free airplane Did we miss anything? Following the news is exhausting. But financial markets appreciate the injection of some certainty that the world will carry on. And for now, the market feels like the scoreboard for the President’s economic agenda. So for now, the President is winning. Bigly! For fun, we asked our X/Twitter audience if Trump was a “Very Stable Genius” or a “Madman.” The results leaned towards Madman: 2: We Need to Talk About How Awesome Earnings Season Was There were two big stories this earnings season. The first was all the companies pulling guidance because of tariff drama – like Snap (SNAP), United Parcel Service (UPS), and American Airlines (AAL). The second was earnings being way better than expected. According  FactSet, Q1 earnings grew by 13.6%, smashing expectations for 7.2% growth. So we must ask – could expectations for Q2 earnings season be far too low? FactSet says analysts predict EPS growth of just 4.8%. And 91% of S&P 500 companies discussed tariffs on their earnings calls. So could we see a repeat of Q1 where companies beat overly negative expectations? Yes – especially if Trump can strike a deal with China. 3. NVIDIA Is Coming Back into Focus NVIDIA’s (NVDA) last earnings report was good – but not quite strong enough to meet super-high expectations. And then the company announced $5.5 billion charge due to export restrictions on its H20 AI chips. So the stock crapped out. But with all the AI dealmaking happening – could NVIDIA surprise investors in a good way on its May 28 earnings report? Because that’s what it feels like. The market is expecting good things – after all, the stock is up 55% from its April lows. 4. Inflation Is Over? Outside of the President’s deals, the big economic story this week was the light CPI and PPI reports. And of course, the world celebrated the long-awaited drop in egg prices: On the flip side of this, WalMart (WMT) warned that higher prices were coming because of tariffs. At this month’s FOMC meeting, Fed Chair Jerome Powell waxed poetic about the Fed’s data-driven approach to monetary policy. That drove some mockery. But can you blame him? Let’s be honest. None of us can make sense of all the chaos. 5. Love Is Almost in the Air This week’s AAII Sentiment survey shows that 35.9% of investors are bullish. This is below the long-term average of 37.5%. But it’s a big jump from the multi-year lows seen in March and April. Nothing changes the mood like higher prices. Also, the CNN Fear & Greed Index went from 3/100 on April 8 to 77/100 on May 16: 6. UnitedHealth Hits a Technical Milestone – and Might Be Headed to $340 UnitedHealth (UNH) was destroyed this week. In the span of 2 days, its CEO resigned and the Wall Street Journal reported the Department of Justice is investigating the company for possible Medicare fraud. The stock was sent back to 2020 levels, and its Relative Strength Index (RSI) hit 11 on Thursday. It’s hard to get more oversold than that – UNH’s RSI had not been that low since 1998. The stock had a vicious rally off the lows. And on Friday, Sami Abusaad called it long in the Number Ones newsletter. Where is UNH stock going from here? Sami first target is $320, then $340. Given the way Sami nailed Tesla (TSLA), you should listen to him. 7. Gold Looks Sloppy Gold was the star of the market in 2025… up until April 22. Since then, it’s down 8% as an easing of trade tensions and improved economic data pushed traders back towards risk assets like stocks. But is gold now a buy? Our own JR Romero and Sami Abusaad say no. Both argue there is more downside ahead. 8. Energy Might Be a Banging Buy When no one wants an asset, it just might be the buy of a lifetime. Bank of America said this week that fund managers are historically underweight oil and gas stocks. Funds are historically underweight oil and gas equities, per Bank of America pic.twitter.com/b3qpMRizZs — Josh Young (@Josh_Young_1) May 13, 2025 That’s no surprise given oil’s collapse this year, which has pushed down energy stocks. Over the past 12 months, SPY is up 13.2% while XLE and OIH are off by -6.3% and -28.5% respectively. With everyone bearish on energy stocks – maybe now’s the time to take the other side of the trade. 9. GOOGL Rose Like a Phoenix Alphabet (GOOGL) hit a low of $147.84 on May 7 when Apple (AAPL) said it saw Google searches fall in the Safari web browser for the 1st time ever. But it’s risen like a phoenix since then, reclaiming the key $165 level with a vengeance. Of course, the “Google Is Dead” theme has been floated for years. Here’s a Fortune headline from February 1, 2023: “Gmail creator predicts A.I. bots

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Why You Need a Trading Game Plan

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When the market gapped up big on Monday morning, professional trader Derrick Oldensmith was looking at a big negative in his P&L. But he didn’t panic, instead he followed his game plan and managed his positions correctly. Derrick explains the importance of a game plan, especially in times like this: Derrick covers: The key to countering all bad trading psychology The goal of every trader How to be consistently profitable How he manages times of stress in trading   Derrick Oldensmith’s positions as of 12:22pm ET May 15, 2025 Derrick Oldensmith is an associated member of T3 Trading Group, LLC (“T3TG’), a SEC Registered Broker-Dealer & Member of FINRA/SIPC. All trades are placed through T3TG. T3 Live, LLC is a financial publisher that disseminates information about economic, business, and capital markets issues through various media. T3 Live is not a Broker-Dealer, an Investment Adviser, or any other type of business subject to regulation by the SEC, CFTC, state securities regulators or any “self-regulatory organization” (such as FINRA). Although T3 Live and T3TG are affiliated companies by virtue of common ownership, the companies are managed separately and engage in different businesses. The programs that T3TG distributes (including articles, commentary, videos, blogs and social media postings) are for informational and educational purposes only. No one should consider the information disseminated by T3TG to be personalized investment advice, a recommendation to buy, sell or hold any investment, an offer (or a solicitation of an offer) to buy or sell any investment, or the provision of any other kind of investment advice. No one associated with T3TG is authorized to make any representation to the contrary. T3TG provides information that viewers of its programs may consider in making their own investment decisions. However, any viewer will be responsible for considering such information carefully and evaluating how it might relate to that viewer’s own decision to buy, sell or hold any investment. Such decisions must be based on that viewer’s individual and independent evaluation of his or her financial circumstances, investment objectives, risk tolerance, liquidity needs, family commitments and other factors, not in reliance on any information obtained from T3TG. Statements by any person (whether identified as associated with T3 Live, T3 Trading Group, or any other entity) represent the opinions of that person only and do not necessarily reflect the opinions of T3TG or any other person associated with T3TG. It is possible that any individual providing information or expressing an opinion on any T3TG program may hold an investment position (or may be contemplating holding an investment position) that is inconsistent with the information provided or the opinion being expressed. This may reflect the financial or other circumstances of the individual or it may reflect some other consideration. Viewers of T3TG programs should take this into account when evaluating the information provided or the opinion being expressed. Although T3TG strives to provide accurate and reliable information from sources that it believes to be reliable, T3TG makes no guarantees as to the accuracy, completeness, timeliness, or correctness of any such information. T3TG makes no guarantee or promise of any kind, express or implied, that anyone will profit from or avoid losses from using information disseminated through T3TG. All investments are subject to risk of loss, which you should consider in making any investment decisions. Viewers of T3TG programs should consult with their financial advisors, attorneys, accountants or other qualified professionals prior to making any investment decision. The risk of loss in trading equities, options, forex and/or futures can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in options trading may benefit you as well as conversely lead to large losses beyond your initial investment. Past results are not indicative of future results. No representation is being made that any account will or is likely to achieve profits similar to those shown. T3 Trading Group, LLC is a Registered SEC Broker-Dealer and Member of FINRA/SIPC. All trading conducted by contributors associated with T3TG on the Virtual Trading Floor is done through T3TG. For more information on T3 Trading Group, LLC please visit www.T3Trading.com.

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Gold Is a Sell, 2 Traders Say

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Gold is down 8% from the highs, thanks to improving sentiment toward risk assets and the improving trade picture. But Sami and JR are not buying: They go over: 2 rules for buying gold everyone should know The key level gold violated just today Why Sami an JR warned that gold was out of control around the peak in April\ Why this is not the time to buy the dip in gold Where gold could fall near-term How to know what a healthy trend looks like What makes an uptrend unsustainable – exactly what happened with gold  

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10 Things You Need to Know – 4D Chess Edition!

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What a week! We just saw: A non-event of an FOMC rate announcement & presser A meltdown in Alphabet (GOOGL) on a search slowdown Palantir (PLTR) stage a massive rebound… and another name mimic it performance Earnings season close out on a strong note President Trump assign FOMC Chair Jerome Powell the nickname “Too Late Powell” So let’s dig into the 10 Things You Need to Know About Markets Right Now. 1. This Weekend’s 4D Chess Match Is BIGLY The market is eager to see the results of this weekend’s trade talks between the US and China. On Friday morning, President Trump said on Truth Social that “80% Tariff on China seems right! Up to Scott B.” This is lower than the 145% tariffs that are on some Chinese products now… but it sounds like just another random number as the President engages in what his fans like to call “4-D chess.” Regardless, the market wants more progress on trade ASAP. We already have a US-UK trade agreement, so a deal with China would be a major positive, since it would inspire  even more countries to strike agreements. But based on the wacky news flow we’ve seen since April 2 a.k.a. “Liberation Day” – anything can happen. So hold onto your hats. And yes, there’s a CPI report coming on Tuesday, but trade is everything right now. 2. This Sector May Be “The Ultimate Trump Trade” When President Trump was elected, the Trump Trade was led by Tesla (TSLA) and Bitcoin. But “The Ultimate Trump Trade” may be in brokerage stocks like Robinhood (HOOD), Interactive Brokers (IBKR) (a name I own), and Webull (BULL). Why? Because the President is giving us nonstop reasons to put on trades. And they’re kicking butt so far in May: Now, there is a tricky balance here. The ideal scenario is nonstop volatility that leads to rising stock prices. Because if the market gets wiped out, that’s when people start closing accounts and ignoring stocks altogether. Higher rates would also help these stocks because that means increased profitability on margin loans to traders. 3. Earnings Season Was Really Good There were two real stories this earnings season. The first was a large number of companies pulling guidance because of the tariff drama – like Snap (SNAP), United Parcel Service (UPS), and American Airlines (AAL). The second was earnings being way better than anyone expected. According to our friends at FactSet, Q1 earnings were expected to grow by 7.2%. Yet they grew at 12.8%. Factset said: “Both the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises are above their 10-year averages.” Plus there’s more good news. Q2 estimates are coming down faster by an above-average margin. That means low expectations. 4. Big Hate Backs Down Sentiment has been negative for most of 2025. But it’s getting better now thanks to the SPX’ 17% rally off the April lows. The AAII Sentiment Survey shows that 29.4% of investors are bullish, up from 20.9% last week: 29.4% is lower than the historical bullish average of 37.5%, but it’s the highest level since February 5. Nothing changes hearts and minds like a nice fat rally. 5. Bitcoin Is Flying High Again Four weeks ago, I argued that “No One Cares About Bitcoin’s Relative Strength.” But Bitcoin’s been going wild, with the IBIT ETF up 25% since the end of March, crushing SPY: Speaking of Bitcoin, did you see JR Romero’s “bloody insane” price target on MicroStrategy (MSTR)? You can get it in this video: 6. Powerful Palantir Rose Like a Phoenix Palantir (PLTR) reported Q1 earnings after the close on Monday. The report was great but guidance wasn’t strong enough to drive an immediate thrust higher. Palantir closed at $123.77 Monday and gapped down to a low of $105.32 Tuesday. And as of Friday at 11:58 am, it’s at $117.25. Retail investors can’t get enough of this stock. Yet analysts hate it. Just 4 of the 25 analysts covering the stock rate it a buy, according to Koyfin. 7. Add HIMS to the List of Retail Favorites Hims & Hers Health (HIMS) also reported Monday – and did almost the exact same thing as Palantir. It had a impressive earnings report that wasn’t strong enough for an immediate push up. And then dip buyers came in with a vengeance: HIMS hit a post-earnings low of $38.21 Tuesday morning and now it’s over $50. That’s a 31% pop. Like Palantir, HIMS is hated by analysts. Just 4 of 14 analysts rate it a buy. So why do retail investors like HIMS so much? First, the company is growing super fast. Second, the business model is tailor-made for memes and jokes. Just look at the Hims.com home page: Every time a stock drops, somebody’s making the joke “order it some HIMS.” As an added bonus, short interest is 27.3%, which means plenty of fuel for squeezes. And yes… the author of this article is long HIMS stock and 100% biased. Some other meme-esque retail favorites to watch: Webull (BULL) D-Wave Quantum (QBTS) Lemonade (LMND) EOS Energy (EOSE) Grab Holdings (GRAB) Make sure you do your homework because these names are WILD. 8. Apple Is an Underrated AI Stock This week,Apple (AAPL) said it was looking at including AI search into the Safari browser, just as Google Searches in Safari declined for the first time ever. This brought out detractors to keep arguing that Apple is way behind in AI. But, is anyone ignoring the obvious? You can download any number of AI apps like ChatGPT, Grok, Perplexity, etc. to your Apple devices. Let’s do a social experiment. Tell your kids “Apple is behind in AI, so we’re taking away your iPhone and giving you an Android phone.” See how they react. I’ll go to the grave saying that what matters for Apple is ease of use in the ecosystem, and the blue bubbles in iMessage. I’ll let Mark Zuckerberg explain: 9. Disney Just Went

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My Massive Buy List, Powered by Cybersecurity and More!

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JR Romero remains very bullish on cybersecurity, starting with Palo Alto Networks (PANW): JR goes over: His price target on Palo Alto Networks (PANW), plus analysis on other key cybersecurity stocks Why he expects Chewy (CHWY) to restest its highs His follow-up on Hims (HIMS), which he named his favorite play last week A controversial AI name that could go into “party time” mode The awkward but strong pattern in Robinhood (HOOD) Why Carvana (CVNA) could go to $30o What Uber (UBER) needs to do post-earnings And a lot more! JR even gives an in-depth look at the SPX right at the end of the video.

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5 Things Traders Need to Know Right Now – Gold Is Back!

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Stocks have staged a huge rally off the April lows just in time for the FOMC meeting tomorrow. So here are the 5 things we’re watching during this turbulent time: 1. Gold Is Surging Into the FOMC Gold fell 9% after hitting record highs on April 2. But it’s been surging again heading into the May 7 FOMC Rate Decision. While most observers agree the Fed will not cut rates, uncertainty is at a high because of all the moving pieces: President Trump has been urging the Fed to cut rates, raising concerns over the independence of the institution The possibility of Trump going after FOMC Chair Powell after the decision is announced Economic data has been all over the place The tariff war raises the risk of high prices and slower economic growth Today, we sat down with Adam Mesh to discuss the risks of trying to game the Fed. Adam also gave an update on Uber (UBER), which he named his #1 stock of the year last week: 2. Palantir Drops 12%, Which Is Tiny Palantir (PLTR) dropped another strong earnings report after the close yesterday, but the stock sold off on concerns about international demand. Over the past 8 quarters, Palantir has moved an average of 18.8% the day after earnings: 4Q 2024: +24.0% 3Q 2024: +23.5% 2Q 2024: +10.4% 1Q 2024: -15.1% 4Q 2023: +30.8% 3Q 2023: +20.4% 2Q 2023 -5.3% 1Q 2023: +23.4% So 12% is pretty small compared to Palantir’s post post-earnings moves. Fun fact: Palantir is now the fourth-best performing stock in the S&P 500 this year. CVS Health (CVS) is in the #1 spot if you can believe it: 3. Greed Just Made a Big Comeback CNN’s Fear & Greed Index has ticked up to 58/100 to land in the “Greed” category. A month ago, it was at 3. This parallels the huge drop in the VIX, which has gone from 60 on April 7 to 24 today: So yes, the mood has lightened – no surprise given the big rebound in the indices. 4. Ferrari Proves Rich People Are Fine Would a global trade war stop you from buying a $500,000 Ferrari (RACE)? If you’re a typical customer, the answer is NO. In early April, European automakers were sent sharply lower on the prospect of tariffs on cars imported to the US. What a difference a month makes… Ferrari delivered an across-the-board earnings beat, and now the stock is 22% above its post-Liberation Day lows: Benedetto Vigna, CEO of Ferrari, said “In the first quarter of 2025, with very few incremental shipments year on year, all key metrics recorded double-digit growth, underscoring a strong profitability driven by our product mix and continued demand for personalizations.” 5. Biotech Gets Banged Up The biotech sector was staging an impressive comeback after years of underperformance. Until today. Dr. Vinay Prasad was named the new head of the FDA’s Center for Biologics Evaluation & Research, which oversees the regulation of vaccines, gene therapies, and the blood supply. Dr. Prasad has been a vocal critic of the FDA in the past, and the market is reading his appointment as an obstacle for the drug industry. The SPDR S&P Biotech ETF (XBI) fell 6.7% today – wiping out 9 days of gains. And with all the confusing heading into the FOMC tomorrow, we’ll leave you with two words: GOOD LUCK.

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10 Things Traders Need to Know Right Now

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What a week! We just saw: The US and China starting to play footsie under the table on trade Solid earnings from the 4 mega powers Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Amazon (AMZN) A big drop in gold Another victory for Bitcoin Lousy GDP data… plus a strong jobs report Stocks taking back the post-Liberation Day decline So let’s dig into the 10 Things You Need to Know About Markets Right Now. 1. We’re Back Baby, Maybe… Stocks went into a tailspin on April 2, President Trump’s “Liberation Day.” Well, we sure were liberated from our profits with the SPY going into full bear-market territory. But what a difference a month makes because we are back above the April 2 close: And we’ve seen crazy rallies in leading growth stocks like Palantir (PLTR), Applovin (APP), DoorDash (DASH), and many others. So we’re back. But can it last? One key may be the fact that: 2. Big Hate Is Still Big Money You know who’s still bearish? Just about everybody. The AAII Sentiment Survey still shows massive bearishness, even with SPY gaining over 17% from the April 7 low. The blue bars in this chart show the spread between bulls and bears. When it’s below 0%, bears outnumber bulls – and that’s been the case for months now: I’ve said it once so I’ll say it again: This embedded negativity is the best argument for an extended rebound. And if we get a real deal with China, watch out because the bears may rush off the sidelines fast. 3. The Fed Is Dead Ahead The big news next week is the FOMC Rate Decision Wednesday. The Fed is not expected to cut rates, so traders will mostly be looking for signals as to what’s coming down the pike. For now it’s tricky to gauge the Fed because economic data is pretty mixed. Inflation is coming down, but still elevated on an absolute basis. This week’s GDP report was weak, but other data (like Friday’s nonfarm payrolls numbers) point to strength. So instead of offering real analysis on what the Fed can do… I’ll just say good luck. 4. The Powerful Palantir Reports Monday Palantir is the #1 SPX/SPY/QQQ stock of 2025 with a blistering 61% gain. And it reports Q1 earnings after the close Monday. Fun fact: Palantir has rallied over 20% the day after earnings in 6 of the past 8 quarters. Look at the column on the right – the post-earnings gains have been shocking: Speaking of Earnings… 5. Earnings Season Has Been Pretty Good According to FactSet, 73% of S&P 500 companies have beaten earnings estimates. And EPS growth is tracking at 10.1%, better than the 7.2% expected, thanks to larger-than-expected earnings surprises. We’ve seen many companies including General Motors (GM) and United Parcel Service (UPS) pull guidance… but who was surprised by that? 6. NVIDIA (NVDA) Is Back to Superstar Status It seems like 10 years ago that NVIDIA (NVDA) announced its $5.5 billion charge from restrictions on exports of the H20 AI chip to China. But it was 12 days ago. And wouldn’t you know it? NVIDIA has round-tripped the whole decline: 7. Gold Is Melting Down We discussed the risks to gold last week. And it’s been sliding as the trade situation has improved, just as equities picked up steam. Since worries over the trade war and an earnings/economic mess were big drivers of gold, there would seem to be big downside risk to gold if the US and China make up like Derek Zoolander and Hansel: 8. Bitcoin Is BOOMING Three weeks ago, I argued that “No One Cares About Bitcoin’s Relative Strength.” And Bitcoin’s been a quiet monster. The IBIT ETF is up 18.9% since the end of March vs. a 1.5% gain for SPY. Since Bitcoin held up well during the early April “Tariff Tantrum,” many market observers believed it was “decoupling” from traditional risk assets like growth stocks. It really was digital gold. But as trade tensions have eased, Bitcoin has just kept on trucking higher. And if you follow leading Bitcoin name MicroStrategy (MSTR), you better watch this video to get JR Romero’s “bloody insane” target price:   9. The Bio-Shock Is On On April 14, we saw a Boston Globe article entitled “It’s the end of Kendall Square as we know it. What if biotech never bounces back?” Magazine Cover Indicator for $XBI? Could biotech have bottomed? cc: @epictrades1 pic.twitter.com/STIjdJBo3z — T3 Live (@t3live) April 14, 2025 Now let’s match that up with a chart: XBI has been on fire since then, finally giving biotech longs a day in the sun. “The Great Bio-Shock” is underway, and nobody cares because biotech can’t drive clicks for big media outlets. Last week, we ran a screen for possible biotech short squeezes using Koyfin and came up with 17 names. Most of those stocks – like BridgeBio Pharma Inc. (BBIO), Apogee Therapeutics Inc. (APGE), and Viking Therapeutics Inc. (VKTX) – have been on fire. 10. It Might Be a Short King Summer Small kicked off May on a strong note. So could it be a Short King Summer? We scanned for stocks with these characteristics: Market cap between $500 million and $5 billion Short interest greater than 50% RSI over 60 We came up with 22 names: Trupanion Inc. (TRUP) Cinemark Holdings Inc. (CNK) Premier Inc. (PINC) Stoke Therapeutics Inc. (STOK) EyePoint Pharmaceuticals Inc. (EYPT) Byrna Technologies Inc. (BYRN) Vital Farms Inc. (VITL) Blue Bird Corporation (BLBD) Apogee Therapeutics Inc. (APGE) Rigetti Computing Inc. (RGTI) ArriVent BioPharma Inc. (AVBP) EVgo Inc. (EVGO) Eos Energy Enterprises Inc. (EOSE) Viking Therapeutics Inc. (VKTX) TransMedics Group Inc. (TMDX) AnaptysBio Inc. (ANAB) Peloton Interactive Inc. (PTON) Riot Platforms Inc. (RIOT) Janux Therapeutics Inc. (JANX) Wolfspeed Inc. (WOLF) Intellia Therapeutics Inc. (NTLA) Dianthus Therapeutics Inc. (DNTH) Interestingly, many of these are in the biotech sector – showing just how much negativity there is towards that group. Have a great weekend folks. You earned it.

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David Prince Is An Opportunist In This Market

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Inner Circle’s David Prince isn’t worried about being a bull or a bear on this market, instead, he says he’s an opportunist. David explains how his approach allows him to make the most money: David discusses: How he’s determining risk/reward for his trades Where he sees Meta Platforms (META) pulling back to Resistance on QQQ Why he’s continuing to buy dips And more Get David’s new free weekly newsletter here.

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