Hey everyone,
Another wild day for stocks and you can’t say I didn’t warn you yesterday.
There is an absolute battle going on around this June low level.
The bulls are fighting for their life it feels like.
This is something I’ll continue to watch closely in the coming days.
Anyways, I wanted to reach out today to let you know I recorded a 13-minute Bank It or Tank It video and posted it online this morning.
If you haven’t caught it yet, it breaks down the technical patterns to watch on Tesla (Nasdaq: TSLA), Netflix (Nasdaq: NFLX) and Home Depot (NYSE: HD) along with a little rant about the Fed and the single day rally we had yesterday.
To view it, simply click on the play button below.
Before I sign off, I wanted to tell you about a new feature I’m including as part of my Bank It or Tank It ELITE research service.
Doing this technical-based Bank It or Tank It videos have been a thrill for me but have also proven to be extremely profitable.
It’s also one of my favorite ways to trade, where we use key levels and patterns to simply play a continued move after a trend break.
Not much too it, but it is complicating to keep up with a ton of stocks and catch them as the trends are breaking. Not weeks later.
So, I’m excited to announce that I will be sending out flash alerts based on these key levels I pinpoint in my Bank It or Tank It anlysis.
Just like the broad markets trying to hold these June lows.
When, and I believe it will happen, they break below this key support, it’s going to run lower in a hurry.
That’s a flash move you don’t want to miss.
Well, moves like that happen all the time in both directions for individual stocks.
Now we are going to stay on top of all these moves with my Bank It or Tank It ELITE research service.
If you have been on the fence about joining us, this volatile market is the perfect time.
A lot of action and we are set to crush this bear market.
Regards,
Chad Shoop, CMT
Editor, Bank It or Tank It