The stock market rally finally suffered substantial losses Thursday as the 10-year Treasury yields continue to rise. So, do we find ourselves staring down the barrel of a broad stock market retreat or a sector rotation? | |  | OK, if you followed along with yesterday's BONUS TRADE update, then you likely grabbed shares of the Direxion Daily S&P 500 3X Bull ETF.
Assuming you were following directions, you would have snagged one-fourth of your position around $123/share at the open this morning, one-fourth at a limit order of $120.77, and one-fourth at a limit order of $119.07 per share.
That averages out to be $120.95 per share versus a closing price of $119.02.
There should still be a limit order of one-fourth the overall position left to be filled at $117.77, which would average us in right around $120.
Let's cancel that order now, so that we have some time to see whether we can set it down into the low $116-117 range and lower our average entry even further.
I will be sure to include an updated limit order in Monday's weekly outlook... keep an eye on your inboxes for that.
Don't worry, though. If your account drew down today, you're not alone. Darn near everything was in the red.
But when events like this take place, we have the method in place to find out if it's just a bad day, or if we need to drop everything and run for the hills… | | | | | | | | The private market is where the five most-profitable investments of all time have occurred. It's seen gains of 20,471%... 113,843%... and even 5,419,900%!
But there's always been a problem. For the past 76 years, that market has only been available to Silicon Valley insiders, the biggest venture capital firms, and individuals with a net worth OVER $1 million.
But now, the doors have been blown wide open and everyday investors can purchase pre-IPO shares on innovative startups for as little as a penny…
And I'm ready to share how it's done. | | Don't Miss Out | | |  | Why the Markets Will Bounce Back, and You Should Buy the Dip | September 9, 2021 | I don't see anything in the markets that is scaring me right now. We've seen this every month practically all year. And I'm feeling frisky... | | Continue Reading | | | | Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions. | | | | |
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