Not too much to add on the macro front. We have a market dealing with both inflation and recession: That’s stagflation.
The Fed has got a lot of wood to chop. They’ve created a monster and they have to deal with it.
And the market has to deal with the fact that the Fed is going to keep pressing on and crushing growth.
We hit several targets recently: Last week, our SDS play hit its target. And then this morning our GPI short hit its target.
Today, I want to add a tech stock to our list of shorts: MSFT
What I’m seeing on the 10 day chart is a Volume Profile shape that builds as the price drops. And then the volume drops off dramatically…
That signals a short to me.
► So today’s FREE pick is to short MSFT.
To get the exact ticker along with trigger, target and stop loss, subscribe to The Daily Pick right now for just $9/mo: https://ProsperityPub.com/dailypick
👉👉 Our total now comes to 30 winners since we started in mid-August! With 8 of our 10 open trades currently profitable.
Why not join us and get ready for tomorrow’s pick? Subscribe to The Daily Pick right now for just $9/mo!
The Daily Pick is Don’s daily alert service, where for just a few dollars a month, he gives you a pick every trading day, complete with triggers, stop loss and profit targets.
ABOUT DON’S DAILY BRIEF:
Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.
The top idea from his daily scan ends up here.
For specific trade instructions, including triggers and stop loss levels, take a look at The Daily Pick, where for just a few dollars a month, you’ll get full trade instructions on Don’s top idea each day.
