🤓 What the Charts Say About Markets Now

Good morning. Technical analysis can often provide investors with a number of potential pivot..

It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

Good morning. Technical analysis can often provide investors with a number of potential pivot points in the market. While not accurate 100 percent of the time, but helpful with short-term trading, the past few months have given a strong clue as to when markets will rise again. On Friday, the S&P 500 closed the day near its lows, but also right at its 50-day moving average. A similar decline in late January also occurred. The strong performance after both moves suggests that the market may be prone to sizeable drops, but that it will find support early and quickly. The tech-heavy Nasdaq has been more volatile, and has broken under its 50-day moving average recently, but came back up in yesterday's strong trading. What technical indicators are you using when trading to find the best opportunities? Hit reply and let us know how you're handling the increased volatility. Now here's the rest of the news: Sponsored Content The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of Options expert Jeff Clark is on a mission to show every American at or near retirement how easy it is to trade options. Watch his 32-second options trading "training video" HERE. MARKETS DOW 31,538.80 +1.96% S&P 3,902.61 +2.40% NASDAQ 13,588.83 +3.01% *As of market close • Stocks rallied hard on Monday, as bond yields started to tick down. • Oil prices slid 2.1 percent, closing the day at $60.22. • Gold declined 0.5 percent with the metal trading at $1,720 per ounce. • Cryptocurrencies pushed higher, with Bitcoin last at $48,423. Today's TOP TIPS Tech Demand Continues to Drive this Commodity Higher The digital age, driven by software and other technology, still requires some physical gadgetry to work. That physical tech requires certain components to work, which in turn are driven by certain commodities used in manufacturing. One space that has gotten a large amount of attention is lithium. It's a key element for the technology in the latest generation of rechargeable batteries, particularly those for electric vehicles. » FULL STORY Insider Trading Report: LifeMD (LFMD) Brad Roberts, Chief Operating Officer at LifeMD (LFMD), recently bought 5,000 shares. This is an initial stake for the C-suite officer, and came to a total cost of just over $102,000. Insiders have generally been buyers at the telemedicine company over the past three years, even as the share price has skyrocketed during the pandemic. The only sale in that time came from the company's former COO, who sold nearly half their position in late 2020. » FULL STORY Unusual Options Activity: NetEase (NTES) China-based internet technology company NetEase (NTES) has corrected a bit in recent sessions along with the rest of the tech space. However, at least one trader sees a potential for a move higher. That's based on the September $120 calls. Over 5,475 contracts traded, a 45-fold rise in volume from the prior open interest of 122 contracts. With 199 days to trade, the option will move in-the-money if shares rise just $10 from the current price near $110. » FULL STORY IN OTHER NEWS • Buffett: Bonds Not the Place to Be In the annual report for conglomerate Berkshire Hathaway (BRK-A), CEO Warren Buffett warns on the valuation of the bond market. Yields on 10-year Treasury bonds have fallen by 94 percent since 1981. These dropping yields may have raised bond prices, but they wiped out returns for bond investors looking for a combination of safety and income. Buffett sees tremendous risk with such low yields today. • Streaming Services Sweep Golden Globes Streaming services like Netflix (NFLX) dominated at the Golden Globe Awards, a trend that has grown in recent years. Other streaming services have also been winners—and no U.S. broadcast networks were able to score a win at this year's awards. That's a far cry from even a decade ago, and show that streaming has been a good place to invest both financially and for content. • United Airlines Buys 25 Boeing 737 Max Jets For the past two years, Boeing's (BA) 737 Max jet has been grounded. However, new orders are starting to trickle in. United Airlines (UAA) just put in an order for 25 of the jets, which have been getting revamped and ready to fly again following FAA approval in November. Both Boeing and the airlines expect demand to return gradually even after the economy can fully open up again. • Skydio Raises $170 Million Autonomous drone firm Skydio raised $170 million in Series D funding. It has now raised over $340 million in total funding, at a valuation that makes the company the latest billion-dollar unicorn. The company's funding was led in part by Andreessen Horowitz's Growth Fund, an investment firm with a strong track record. • Walmart Hires Two Goldman Sachs Bankers for Fintech Startup Over the years, Walmart (WMT) has worked to add financial services to its offerings. In January, the retailer announced a new company to develop new and unique products for customers and employees. As part of that drive, the Walmart has hired two bankers from Goldman Sachs (GS) to lead the charge. The company also announced it may acquire or partner with other fintech companies in the future. S&P 500 MOVERS TOP XRAY 12.512% ETSY 11.037% NRG 10.545% IVZ 10.348% DISCA 9.712% BOTTOM SBAC 2.818% ALB 2.71% RCL 2.059% CCL 1.645% EXR 1.52% Quote of the Day There are a host of risks and obstacles that stand in the way of Bitcoin progress. Bitcoin's future is thus still uncertain, but developments in the near term are likely to prove decisive as the currency balances at the tipping point of mainstream acceptance or a speculative implosion…. The entrance of institutional investors has sparked confidence in cryptocurrency but there are still persistent issues that could limit widespread adoption… - A Citigroup analysis on the rising institutional demand for Bitcoin, and why it may serve as a global payment system in the future. Sponsored Content Man Gets Into a Tesla… What Happens Next Will Shock Everyone (Video) "Hi, I'm Jeff Brown… I'm about to get in this Tesla and drive up to a location just a few miles from here to show you Elon Musk's next big project… What happens next will shock you…" Click HERE to see what happened. Not sure the best way to get started? 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