Friday, October 8, 2021

Debt Ceiling Debate Is Nothing but Political Theater. How to Trade It

 
October 8, 2021
 
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And that means the hours and hours spent studying stock charts and squinting at spreadsheets is a massive waste of time.

Traders need a new way to level the playing field against Wall Street and its lightning-fast trading activity — without putting their entire portfolio at risk.

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Check out These 24-Hour Windfalls
 
How to Trade This Nonsense Debt Ceiling Debate
If you've never watched the financial media before, you'd think the sky was falling. If you listen to me, however, you know that we can usually ignore those narratives.

Taking center stage among this week's headlines is the ongoing "debate" about whether to raise the debt ceiling.

This meaningless back-and-forth has been part of the fabric of our financial conversation since mortgage-backed securities almost blew up the world back in 2008...

Spoiler alert… This is all for show.

It doesn't matter if Democrats, Republicans or frickin' aliens are in charge of the country, we're going to raise the debt ceiling in 2021.

Why? Because we have to.
How You Can Play It
 
With Bitcoin on a Tear, a Crypto Mining Stock Heads This Watchlist
The theme I saw playing out this week on Wall Street is an oversold stock market bounce. And we got that bounce Tuesday…

So what are the Kingmakers buying in light of today's market machinations?

Right now, shipping and fertilizer companies are on a big roll… So is crypto and crypto stocks.

Marathon Digital Holdings was off to the races Tuesday, opening 2% higher and surging over 7% just before lunchtime on the East Coast. We're seeing a lot of money flow into crypto and big moves up in both price and volume, my two favorite indicators.

There's great action in MARA after a big consolidation phase, and now it's stepping back above its 50-day moving average.
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Volatility refers to the amount of uncertainty or risk related to the size of changes in a security's value. Higher volatility means that the price of the security can change dramatically over a short time period in either direction. Lower volatility means that a security's value does not fluctuate dramatically, and tends to be more steady.
 
 
 
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