In an era marked by economic turmoil, where inflation and global unrest reign, I made a prediction at the Trader and Investor Summit that hit the mark.
This isn’t about boasting, but about a strategy that thrives even when the market seems at its bleakest.
Why has this approach outperformed when others falter?
I’ll reveal how understanding the market’s deeper currents enabled me to foresee a significant shift, leading to exceptional opportunities in swing trading.
Dive into this guide to learn how you can use tools like the IRIS AI swing trade analyzer to not just survive but excel in this unpredictable market.
Get ready to uncover the secrets behind recent market movements and how you can turn them to your advantage.
Why This Strategy Is Performing Better Than Most
At the Trader and Investor Summit in October I made a bold call that ended up being 100% correct.
I said the economy is in the toilet, we have inflation, war, high-interest rates…
And it’s probably going to get worse.
But there’s light at the end of the tunnel…
Trading can be the skill that pulls you out of being stuck in the mess that the elites have created…
And the good news is — the stock market isn’t going anywhere.
Because that’s exactly where politicians and elites make their money.
So that’s why I said that despite all the doom and gloom that was circulating in headlines…
I thought the market would probably get even MORE active. Here’s the slide from my presentation to prove it:
And what has the market done since the conference on October 26 & 27?
Well, those two days were basically the bottom of the SPDR S&P 500 ETF Trust (SPY).
It has since ripped higher and gained 12% in about a month and a half.
SPY chart: 6-month, daily candle — courtesy of StocksToTrade.com
That doesn’t sound like much, but it’s a huge move for such a large market in a short time.
We’re not talking about a low float chat pump here — it’s the SPY.
So why am I telling you this?
I’m not trying to spike the football…
But this incredible market move is the reason swing trading is performing better than most right now.
To add to the SPY’s incredible six-week move — it just broke out to new 52-week highs on Friday.
And in the market, a rising tide can lift all boats.
That’s why I’ve been focused on swing ideas on my weekly watchlist.
Most of the big market run we’ve seen was thanks to the magnificent seven stocks:
- Microsoft Corporation (NASDAQ: MSFT)
- Apple Inc. (NASDAQ: AAPL)
- Tesla, Inc. (NASDAQ: TSLA)
- NVIDIA Corporation (NASDAQ: NVDA)
- Amazon.com, Inc. (NASDAQ: AMZN)
- Alphabet Inc. (NASDAQ: GOOGL)
- Meta Platforms, Inc. (NASDAQ: META)
But now that the market is pricing in Fed rate cuts by early next year, we could see a more broad market rally.
But before you go out and buy up stocks thinking they’ll all go up…
Realize that the market goes up and down. And it’s healthy to have minor market corrections and pullbacks.
And the market just had a huge move in just over a month…
But if the market pulls back, I won’t scream that the sky is falling.
I’ll keep using tools like my IRIS AI swing trade analyzer to find some of the best opportunities in the market.
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade