MONEY MORNING LIVE GOES ON
Dear Penny Hawk Trader,
Unfortunately, I won’t be on Money Morning LIVE today.
And yes, I will miss you!
But my wonderful colleagues at Money Map Press will be there to fill you in on today’s best stock opportunities.
They are experienced traders themselves and have just as much experience in the financial field as I do.
As they say, the show must go on, and we are blessed to chat with these amazing group of people!
We’ve locked in a 14% profit in this wild market.
Stocks are on a tripwire right now and anything could make them fall.
The government’s incompetence… inflation… supply chain issues… the list is endless.
On days like this, we have to be patient.
But for Wall Street traders, they have to make money even when the stock market is unpredictable.
Which is why sometimes, the safest thing to do is follow the big money.
That’s what my colleague, Andrew Keene, shares with you.
His S.C.A.N. system tracks the daily institutional order flow of Wall Street.
He finds the exact trade they’re buying and tags along for the profits.
There are a lot of stocks that are moving in the right direction though, for example, Technologies Inc (OTCMKTS: ABXXF).
But we need to see a break above the 50-day moving average to actually get into this trade.
Not to mention, the iShares Micro-Cap ETF (NYSE: IWC) is showing some very unpromising signs.
There are huge implications between these technicals and the over-the-counter market.
Volume is declining, the 50-day moving average is at a curve in the road, and the 20-day moving average is about to drop below the 50-day.
These are not good signs.
So I will watch the market diligently for any opportunities while we wait out this unpredictability.
Until next time,
October 07 2021