Hey Traders,
We have seen massive success as of late with nailing MASSIVE breakouts and featured them before they broke out!
GOLD $1875➡️$2072
SOYBEANS $1571➡️$1753
WHEAT $808➡️$1365
COPPER $4.49➡️$4.9
$STLD $64➡️$78.80 +23% in 8 trading days
$NUE $122➡️$142 +16% in 8 trading days
We would love to see everyone come on our PRO Research Reports.
INTRODUCTION
US Stock Market Indices got crushed yesterday with the NASDAQ down over -4% and S&P 500 down nearly -3%.
We have seen many names drop 50% from the highs.
I want to be very blunt to our readers right now…Charts can be misguiding. The uneducated trader may look at a stock beaten down -50% from the highs and consider it CHEAP. This is the wrong way to think.
A stock is never ‘CHEAP’ based off of its chart, so get that out of your head. As traders, we want to be in the market leaders. We want to be in winning stocks.
The tide has shifted though, we have seen the Tech Boom to now the commodity boom!
Is it time to be cautious in the near term of the steel stocks and precious metals?
Lets discuss this further by looking at the Options Market.