Friday, January 21, 2022

Bulls Bet Big on Beaten-Down Lucid Group as Lockup Expires

 
January 21, 2022
 
How Traders Can Get 7:1 Returns on Their Money
How does risking just $1 dollar for the opportunity to make $7 sound?


This is what we call the "profit factor" — the risk-to-reward ratio for an investment.

A profit factor over 2.0 is good, while anything above 3.0 is considered outstanding.

For every $1 risked, one strategy has seen $7 in return….

And WealthPress Senior Strategist Roger Scott has perfected the strategy that's scored a profit factor of 7.05 over the past 12 years of trading!
See How He Does It
 
Lucid Sees Bullish Options Flow as Lockup Expires
We're taking a look at electric vehicle upstart Lucid Group as the lockup period for many of its SPAC investors expires.

Wednesday was a welcome change of pace for Lucid shareholders. In fact, Wednesday's trading marked the first opportunity for many of its early SPAC investors to freely trade their holdings.

Shares of the Tesla challenger dropped more than 18% in the lead-up to Wednesday's event. But the session saw the stock rip nearly 7.5% from its open before closing about 2% higher, ending a sharp, three-day slide as bulls poured into the stock and options chain!

And if that Lucid trade doesn't get your motor running, there are four more fast-moving options trades waiting inside…
Get the Day's Top Trades Here!
 
My Top ETF and Option Play Amid a Data-Heavy Week
The markets have new, important economic data to price in on top of earnings and interest rate news.

There's always a battle between the long bond and consumer stocks. As interest rates move higher, and consumer stocks continue to report better-than-expected earnings, it'll prove they can do well in a higher rate environment.

Elsewhere in the news, American Airlines and United Airlines reported slightly better-than-expected earnings. Losses were not as much as expected due to a strong holiday travel season.

While the first quarter will be tough for airlines due to the surge of the omicron variant, both carriers are looking forward to a stronger spring and summer.

In this stock market recap video, you'll learn why I believe stocks are overdone to the downside… whether China is helping or hurting our economy… plus get my top ETF and option pick complete with strike price and expiration.
Get my ETF Pick Here
 
"Impressive, Awesome, Stunning, Awakening, But Very Logical."

Alain C.








There are two main types of Chart Patterns: reversal and continuation patterns. Reversal patterns signal an end to a trend that was in place prior to the chart pattern forming. For example, if the price had been trending higher and then a reversal pattern forms and completes, the uptrend is likely over. Continuation patterns signal the continuation of a trend. If the price is moving lower, then a continuation pattern forms and the price breaks out (completes) in the trending direction, then that downtrend is likely to continue.
 
 
 
 
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.

The profits and performance shown are not typical, we make no future earnings claims, and you may lose money.
 
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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