Hello, 10-Minute Millionaires! I hope you’re having a great, relaxing weekend after a market week that’s been, admittedly, nuts!
After these wild, Fed-fueled, headline-driven drops and bounces, the question is where do we go from here and how do we profit?
Forgive the somewhat distracting interaction of my olive-green shirt with the green screen in today’s video, as we delve deep into some charts, examine some of my favorite support level data, and look at how deep the latest pullback was and how concerned we should be.
Spoiler alert: We’ve already seen a strong retrace, and that’s been especially good for our TSN calls in Stealth Profits Trader – my Stealth readers have seen the chance to close out three separate legs of this trade for 65%, 100%, and a whopping 204% — all between August 6 and August 8.
On my weekly appearance on Varney & Co. yesterday, many concerns for the market came up. I couldn’t emphasize enough that the analysis saying a U.S. recession is imminent in the next 9 months, I simply don’t buy. Instead, we can expect within that time frame a global economic recession of that level. While that may sound worse, the U.S. will actually be the best off compared to the rest of the world. See the video below for more details.
So while the trade and currency wars are of real concern, that’s not the only front in which China has become a threat. My associate Dr. Kent Moors, a former high ranking intelligence officer and advisor to the highest levels of the U.S. government has informed me of China’s increased militarization of the South China Sea putting not only their neighbors on alert, but U.S. soldiers stationed there. For the past several years, China have been occupying a chain of the Paracel Islands and from there Beijing has been upgrading facilities in the region… deploying surface-to-air missiles, building 20 hangars at the airfield, upgrading two harbors and performing substantial land reclamation. Escalating aggression from the Eastern Superpower has everyone in the intelligence community on guard. Especially when it comes to the country’s newest armament. A weapon that can bypass every defensive measure of US Aircraft Carriers in the vicinity, taking them off the board entirely… Read more.
Click below to watch…