Diving Into This Century-Old Trading Theory

The Dow, fresh off its worst day in months, is set to open lower

 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

5/12/2021 Have you seen our volatility scorecard? Sign up by clicking here! Stock Futures Dragged Down by FAANG Stocks, Inflation Data By: Jake Scott Stock futures are poised to open lower this morning, reeling as investors again kick tech shares to the curb and key inflation data poured in. After logging its worst day since February, the Dow Jones Industrial Average (DJI) was last seen down over 120 points. Meanwhile, FAANG stocks, amongst other notable tech and semiconductor names, have S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures firmly in the red as well. Key inflation data released showed an acceleration in April -- its fastest since September 2008. According to the Labor Department, the Consumer Price Index (CPI) rose 4.2% year-over-year, well above estimates of 3.6%. In addition, core CPI increased 3% in the same timespan.  Continue reading for more on today's market, including: Schaeffer's Senior Quantitative Analyst Rocky White takes a look at a century-old trading theory.  History says Roku stock could be a good bet. Plus, more on Amazon's latest lawsuit; FUBO soars after upping its full-year outlook; and a lot to love about Wendy's stock. Share on Read More...       Bitcoin Causing Tesla Trouble? Tesla's recent $1.5 billion Bitcoin purchase could get Elon Musk into real trouble soon, and he isn't the only one. Democrats are about to unleash a radical "Anti-Crypto Offensive" and companies holding Bitcoin could be charged with huge fines. The way this is all going to unfold will shock you and blindside most investors - but you can take steps now to prepare and profit. Click here to get the full story before it's too late. Sponsored In Case You Missed It... Is There Any Credibility to This Century-Old Trading Theory? Dow Theory has been a better tell for the Transportation Index itself rather than for the industrials Today's Stock Market News & Events: 5/12/2021 Earnings expected from Bumble, Wendy's, Lemonade, Coupang, Wix, Wish, Vroom, and Toyota Major Benchmarks Log Losses Despite Big Tech Bounce The Dow fell roughly 473 points today Keeping Tabs on These 2 Electric Vehicle Giants TSLA and NIO are moving in opposite directions this afternoon Is Biden About to Ban Bitcoin? Bitcoin could crash soon. And even if you don't have a penny in cryptos, YOU are going to feel the impact. The government is so afraid of cryptocurrency that some worry Biden will ban Bitcoin using a "backdoor" approach. Investors who know what to do could grow their money�60-fold�in the months ahead. Get details here. Sponsored Want More Minute-to-Minute Updates? Ranking the most volatile stocks → Schaeffer's Volatility Scorecard Midday check-in → Midday Market Check After the market close → Market Recap Last week's rundown → 5 Minute Market Rundown Analyzing the current market climate → Monday Morning Outlook What's on our CEO's radar this week → Chart of the Week Schaeffer's has a podcast, have you given us a listen?       ADVERTISE // CAREERS // SHOP Be sure to add us to your contacts so you don't miss out on any news! Unsure of how to do that? Follow our instructions located here. For more information about our privacy practices, please review our Privacy Policy or our Terms & Conditions. 5151 Pfeiffer Road Cincinnati, OH 45242 If you didn't create an account using this email address or no longer wish to receive these emails, please unsusbscribe here.