👀 Don’t Plan for a Market Correction, Plan for This Instead

Good morning. As Mike Tyson has stated, "Everybody has a plan until they get punched in the mouth."

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. As Mike Tyson has stated, "Everybody has a plan until they get punched in the mouth." In investing, that usually means that planning for a market correction sounds good. But when stocks are actually falling? That plan may go out the window. During last year's market crash, retail traders bought the drop. That followed the conventional plan, and it paid off well. This year, the trouble has been a number of hedge funds with no real plan to deal with big rallies in heavily shorted companies like GameStop (GME), or with no plan for the implosion of a hedge fund with highly concentrated positions. Ultimately, given the market's fluctuations, unusual events can occur. Rather than plan for a correction, traders should look to plan for the next extreme event, and figure out how to benefit from that move, rather than sweat a normal correction. 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 33,815.90 -0.94% S&P 4,134.98 -0.92% NASDAQ 13,818.41 -0.94% *As of market close • Stocks closed lower on Thursday, on reports of proposed higher capital gains taxes for the wealthy. • Oil rose 0.5 percent, to $61.63 per barrel. • Gold declined 0.5 percent, closing at $1,783 per ounce. • Cryptocurrencies generally dropped, with Bitcoin slightly down at $52,684. Today's TOP TIPS Strong Earnings Beats Suggests a Trade on this Big Tech Winner Earnings season is off to a strong start. Despite a few high-profile misses, most companies have beaten expectations. One company has had a series of better-than-expected numbers in the past year that's about to report earnings once again. That company is Microsoft (MSFT). The tech giant has seen explosive growth in the past year thanks to a shift to remote work during the pandemic, and analysts are expecting revenue up 17 percent this quarter. » FULL STORY Insider Trading Report: Bed Bath & Beyond (BBBY) Gustavo Arnal, CFO at Bed Bath & Beyond (BBBY) recently picked up 20,000 shares. The buy increased his holdings by 7 percent, and came to a total purchase price of $509,000. He was joined by a director, Joshua Schechter, who bought 3,000 shares the same day, increasing his stake by 14 percent and paying just over $75,000. This adds to other insider purchases throughout 2020. » FULL STORY Unusual Options Activity: KT Corporation (KT) Shares of Korean telecom firm KT Corporation (KT) are up over 25 percent since early February. One trader sees a potential move higher in the coming months. That's based on the October $15 calls. Over 7,440 contracts traded against a prior open interest of 188, for a 39-fold rise in volume. Expiring in 176 days, the contract would move in the money if shares rose another $2 from their current price, or about 15 percent. » FULL STORY IN OTHER NEWS • Hidden Breakout Trade Finally Revealed! Most people dread Mondays because it signals the end of the weekend… And the beginning of the grueling week to come. But Monday is Tom Busby's favorite trading day of the week. . That's because his "Hidden Breakout" trade signals every Monday at exactly 12:01PM… Tom explains how his Hidden Breakout Trade works HERE! (By clicking the link above you will automatically opt-in to receive emails from DTI Trader.) • Jobless Claims Hit Pandemic Low About 547,000 Americans filed jobless claims last week, the lowest level sine the pandemic started. Pre-pandemic claims levels were in the low 200,000 range, so there's still a ways to go to get to pre-pandemic levels. In the meantime, claims for unemployment assistance, rose slightly before seasonal adjustments. • Biden Calls for 50 Percent Cut in Greenhouse Gas Emissions At a virtual climate summit at the White House, President Joe Biden proposed that the U.S. cut its greenhouse gas emissions to 50 percent of 2005 levels by 2030. That's been a baseline target used in the past as well. Based on the most recent data from 2019, emissions were down about 19 percent from 2005 levels, and the pandemic slowdown last year likely caused a steep drop from there. • Facebook Reconfiguring News Feed Algorithms Following a hearing about the social media platform's potential role in the riots at the U.S. Capital, Facebook (FB) is working to reconfigure its News Feed. By tweaking the algorithm, the company will be able to better rank stories to show users more of what they want to see and what they find inspirational, while filtering back on items of lesser or negative interest. • Home Sales Decline for Second Straight Month Home sales dropped 3.7 percent in March, to just over 6 million units. This follows on a drop in February as well. The recent drop in sales is being blamed on a tight housing market. Home prices rose 17.2 percent since March 2020, with the median home sale price now hitting $329,100. Low interest rates have also helped fuel housing prices. • Credit Suisse Raises $2 Billion After Archegos Debacle Switzerland-based Credit Suisse (CS) is selling about $2 billion in convertible notes to shareholders in a move to bolster its balance sheet. The bank has had some considerable impact in recent weeks following the collapse of Archegoes Capital, a hedge fund that did business with the bank. The company has also pulled back on bonus payments and fired executives for poor risk management since the hedge fund imploded. S&P 500 MOVERS TOP EFX 14.941% POOL 6.428% TSCO 4.413% T 4.151% ENPH 3.74% BOTTOM HBAN 6.71% DOW 6.001% LYB 5.66% MU 5.341% NUE 5.101% Quote of the Day Stocks continue to fire on almost 'all cylinders' and remain in a strong position as the bull expands across the cyclical, secular, and increasingly the defensive [sector] with an economy on the offensive. The sum of which in conjunction with rising metals and materials, a milquetoast dollar, and a 10-year at 1.55%, offers the technical definition of 'Goldilocks' as we consolidate the powerful rally atop key support. - Evercore ISI note to clients on why the stock market is poised for future success as conditions remain stable and capable of delivering further growth. 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. Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks › Step #2 - Join Our Premium Advisory: The Next Superstock › Step #3 - Claim Your Free Copy Of: Big Book Of Chart Patterns | How to Trade Weekly Options For Weekly Income Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions. As defined in the United States Securities Act of 1933 Section 27(a), as amended in the Securities Exchange Act of 1934 Section 21(e), statements in this communication which are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other statements of future tense. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

This email was sent to edwardlorilla1986.paxforex@blogger.com by editor@tradingtips.com TradingTips.com | 3435 Ocean Park Blvd. Suite 107-334 Santa Monica, CA 90405 Manage Subscriptions | report SPAM