Best Forex System Download : Will the IRS "pay-for" hold up the vote?

Things are looking a bit shaky for the market as "bubble talk" begins to ramp up once again...

But the conversations you hear and the trades you place don't always parallel each other either.

A stock can be overvalued and become a ten-bagger while an undervalued company can stay low for years, picking up dust...

This is one of the things that many traders and investors can forget, myself included.

And it's why mindset is such a dominant aspect of the market - far more than the charts and fundamentals and analyst ratings.

Simply put, it doesn't necessarily matter what you think a stock should do as much as what it actually does...

Options Coach Chris Hood has spent some time really digging into the successful psychological approach to trading, even calling on old emperors.

See what you can learn from it at the link below.

Keep moving,

Infrastructure Dilemma, Hitting the Big Time, Gameflix

Spend Money to Make Tax Money - There's a new holdup (among many) with the bipartisan infrastructure bill. With Senate Majority Leader Chuck Schumer announcing a scheduled vote for Wednesday, negotiations on finding a "pay-for" to replace the existing $40 billion towards the IRS have stalled. The issue is that the money to support the IRS would supposedly create over $100 billion in tax revenues which would help offset the cost of the $1.2 trillion infrastructure bill. According to The Hill, Senator Ted Cruz disagreed with the idea of "giving tens of billions of dollars to the IRS to harass and persecute American taxpayers." Also, the bill hasn't been drafted yet.
Anything for the Kids - After jumping over 5% yesterday and climbing more in after-hours trading on news that the company would be joining the S&P 500, Moderna (MRNA) received news that the EU would be deciding on whether or not its vaccine would be authorized for children over the next week. Experts say the the decision will likely go in favor of permitting the use of the vaccine in children between the ages of 12 and 17, making it the second vaccine available for those under the age of 18 as the Pfizer (PFE) and BioNTech SE (BNTX) is the only one currently permitted. Hey kids!

Netflix Needs a New Revenue Stream - It was a wild day for Netflix (NFLX) investors as the company fired three employees for trash-talking part of the C-Suite, but that wasn't the big news. The company announced that they would be welcoming gaming into their line of services by the end of 2021 and will come at no extra cost to current subscribers. This comes at a time where analysts have noted that the growth prospects for the company have slowed. Let's see how this goes.
Jack Loves Bitcoin - Twitter (TWTR) and Square (SQ) CEO and Bitcoin-enthusiast Jack Dorsey is showing the world just how much of a Bitcoin bull he is. In a tweet on Thursday, Dorsey stated that fintech giant Square would be creating a Bitcoin-based business although no name was given. Many have speculated that the business is likely related to non-custodial digital wallets as the company alluded to earlier this year although Dorsey stated that the business would be much broader in scope for "decentralized financial services."

HOT SPOTS: What's Going on in Geopolitics

Great Timing - Just one week before the Olympics, COVID-19 cases in Tokyo have hit a six month high. New cases hit above 1,300 on Thursday. Local officials are concerned that younger people will use the Olympics as an excuse to party - thus driving up caseloads.
Supposedly Leaked Kremlin Documents Show Plot To Install Donald Trump - I guess we're doing this bit again. A new report by The Guardian says that President Vladimir Putin instructed his intelligence operatives to find practical ways to help Donald Trump at a January 22, 2016 meeting. Former president Trump has slammed the report as "disgusting." The Kremlin has denied the claims. The papers, even if legitimate, don't show any actual "collusion."

China Condemns Afghan Pullout? - China and former president George W. Bush are a partnership I didn't see coming, but here we are. Chinese foreign minister Wang Webin said that there should be an international effort to "prevent the United States from shirking its responsibility" and fleeing Afghanistan. Wang blamed the United States as the "initiator" of the Afghan situation said that Eurasian powers should not permit the USA to "dump" the problem on others.

CUTTING EDGE: What's Happening In Tech

Bezos Prepares For Space Flight - Jeff Bezos is preparing for his own flight into outer space with an all-civilian group. A person who paid $28 million for a spot on the trip has reportedly dropped out. However, he or she will reportedly be replaced by an 18-year-old physics student.

AI Working On Veggie Burgers - Vegetarian "hamburgers" are spreading quickly due to positive media and concerns about climate change. But... sometimes they just don't capture the taste. Firmenich, a Swiss group, is using Artificial Intelligence to recreate the sensation of tasting beef. Algorithms can generate thousands of possibilities... even before the first test is brought before a chef. Uh, I'll just take a salad.

Big Tech To Control Minds? - Neuroscientists are urgently warning for legislation to protect the right of consumers to have control over their own minds and protect them from Big Tech. With computer implants directly implanted into the brain being planned, ostensibly to help cure neurological disorders, the truly dystopian prospect of corporate puppets have become a real possibility. Of course, enforcing such a mechanism would be difficult, especially when such devices will first be justified on the grounds of solving medical problems.

FOR YOUR CONSIDERATION

"Of all the schools of philosophy, I believe the Stoics would have made the best traders. Assume for a moment Marcus Aurelius, between his duties as Roman emperor, embarked on a trading career. How would he have approached the market, trading rules, taking wins, and dealing with losses?"

Stoicism is making something of a comeback. But does it have some insights for trading today? Learn to trade like an Emperor with help from Your Options Coach Chris Hood.

ANCIENT STOICS, MODERN TRADERS

Dun & Bradstreet Holdings (DNB) gives a great lesson in terms of catching the falling knife as it has continued falling lower.

And this is despite having higher price targets and "Buy" and "Outperform" ratings...

But as a fintech and data analytics firm, DNB could be a good bet when it turns around.

The white, dotted trendlines show more of a downward channel than a wedge pattern with each of the pivot points plotted along the way.

The issue here is deciding on an entry due to the fact that a bottom has yet to be found, but one might be forming.

At the ~$20.00 level in gray is an area that's beginning to show signs of promise, but confirmation would require a higher high in order to show a reversal with the key area to break through at ~$21.50 and on towards ~$22.00+.

Even then, I'd wait to watch it hold this price as a new line of support. If that fails, watch out below.

-Corey

(Disclosure: I hold no position in DNB.)

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Rogue Investing.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.

Information for any trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. By downloading this book your information may be shared with our educational partners. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.

Affiliates of Rogue Investing.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. An InvestPub Company.

HIGH RISK WARNING Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. RogueInvesting.com provides general advice that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.You should seek advice from an independent financial advisor. Past performance is not necessarily indicative of future success.

Will the IRS "pay-for" hold up the vote?

No comments:

Post a Comment