The alerts that went off today are a perfect representation of what I like to do during dips. Don't fret; we dip like this a few times per year. If you are considering giving up on the stock market - don't.
It was the third straight day that the major indices went down. Inflation fears and rising commodity prices are what's, allegedly, causing this.
"We're definitely freaked out about crude oil prices ... [and] about slightly higher interest rates," David Bailin, Citi Private Bank chief investment officer.
The 10 years bond yield is 1.58% currently, which is back to its June levels.
25% OFF Trend Spider - I would like to thank Trend Spider for the awesome charting tools. It is one of the best technical analysis tools out there. Everything is automated for you if you are not so good at TA or don't have the time for it. Highly recommended to check them out. TRENDSPIDER. Use code PS25 for 25% off! Check our my Trend Spider Video!
V is right around support at the 180 MA and YTD VWAP, and the seasonality shows us that it gets even hotter in the winter months. The alerts triggered for January $230 calls, which I'd probably take profit on in December.
SOXL also triggered for a dollar cost averaging opportunity on commons. It is down from all time highs, and on the 4th it bounced on this bottom ($37). Eventually this one will go back to $45-$50; it is just a matter of time. SOXL moves violently, we could be 2 weeks out from another all time high.
XHB triggered, which is a home builders ETF. Over the past 10 years, it is up 100% of the time in November. I think this is a no brainer for LEAPS or commons. You can also try EOY calls, taking profits in November.
Do you want a Visa Card that gives you up to 8% cash back in Crypto? Free Netflix & Spotify? Also possibly AirBnb & Expedia monthly reimbursements? Earn up to 14.5% on your Crypto HODL portfolio! I do. Check out Crypto.com and get $25 if you sign up for one of their Visa Cards. I will start running all of my daily expenses through this card and I estimate will save around $10,000 per year. (If you don't stake you can still get 1% cash back, and if you stake only $400 it is 2% plus earn 10%p.a. on the $400)
WeBull is giving away 4 FREE STOCKS if you sign up and deposit your first $100. That could be a 40% ROI on your money and it is totally free to do so. I highly recommend WeBull as a broker as they have all you need for basic technical analysis, news feed, analysts, price targets, financials, etc. Check them out by using my link to help support all of my free content that I put out daily.
Bitcoin mining project is still open for investors. Check out the basic info here.
I am working on another project crypto related and will be announcing it in a month or so. Keep following on Twitter and the Discord for major updates. I might need your help on this one.
Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. Prostockadvice.com is not responsible or liable in any way for opinions expressed here. This is not meant to be financial advice as we are not a licensed financial advisor.