Thursday, October 20, 2022

♟ Beware: The "Black Candle of Death" Just Appeared

Trade of the Day Logo
hero

"In my experience, a black candle is a sign of exhaustion."

Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance

I'd like to share with you an important message that I posted inside The War Room yesterday.

At 12:32 p.m. ET, I said...

Graphical user interface, text Description automatically generated
 

For proper context, consider what was happening at the time of this post...

Before the open, United Airlines (UAL) reported fantastic earnings.

The stock was up 5.3% on an upbeat earnings forecast for the current quarter amid a continued surge in travel demand.

Not only that...

Before the open, Netflix (NFLX) popped 12.2% after reporting that it had added 2.4 million subscribers during its latest quarter - more than twice as many as predicted (if you recall, NFLX had lost subscribers in the previous two quarters).

However, despite these two bellwether companies reporting strong earnings, the market still could not hold an early gain.

In fact, at the time of my post above, I saw a "Black Candle of Death" appear on a chart of the SPX.

It looked exactly like this...

See the Candle Chart

A FREE Overnight Double?

Last time... we hit 15 winning picks... including one overnight double.

This time... our week of FREE live trades could be even better.

Click Here to Reserve Your FREE Spot

INSIGHTS YOU MAY HAVE MISSED

Trade Go Nuclear Hero Image

A Bulletproof "Armageddon" Trade

Alttext

Why LEAPs Make Sense - Now More Than Ever

CBOE Chart Hero Image

The Craziest Trade You'll Ever See (I Guarantee It!)

AR App Hero Image

The Metaverse Is Not Dead

After December... This Stock Under $2 Could Go to $20
(And It Would STILL Be a SCREAMING BUY)

Senior handsome man wearing elegant sweater
 

Analysts predict earnings will soar more than 320% this year...

Possibly as much as 500%!

Discover the last opportunity that could still rocket skyward in THIS market.

Click Here to Discover Details on the Shocking Less Than $2 Stock

Instagram

Follow Us on Instagram!

FACEBOOK

TWITTER

 

No comments:

Post a Comment

Could CVS Health (CVS) Be a Safe Haven as Healthcare Costs Rise?

Healthcare costs in the U.S. are surging, placing significant financial pressure on consumers, insurers, and providers. The growing demand...