I'm Buying Two New Stocks

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Investors,

In last weekend’s premium report, I shared the following Bitcoin analysis using the 60-day Williams%R Oscillator and warned that a potential crossover could foreshadow bearish price action:

As of Thursday, 2/9/23, this crossover has now occurred:

Why is this important? The past three times this crossover occurred, BTC experienced the following drawdowns:

• November 2021 signal: -45% in two months

• April 2022 signal: -59% in two & a half months

• August 2022 signal: -33% in three months

• February 2023 signal: ???

There is no guarantee that this signal works again; however, we must acknowledge that short-term statistical signals are skewed to the downside. This signal could be invalidated if/when the Williams%R Oscillator crosses back above the upper-bound of the indicator (“overbought” threshold). Until proven otherwise, this signal makes me cautious about crypto in the short-term, especially after such a significant rally in the first 4 weeks of the year. BTC and crypto have mostly moved sideways since January 21st and have lost a lot of momentum. Could it regain that momentum back to the upside? Yes. Again, we need to be prepared for all scenarios and the analysis above is one of many variables that I’m focused on.

In today’s premium report, I’ll share the following:

• Two new stocks that I bought this week and why

• S&P 500 under-the-hood metrics

• A new Nasdaq study with extremely important implications & backtested data

This new Nasdaq study makes a convincing case about market direction going forward, and I think it’s super important for investors to have this on their radar. The last time this signal flashed was in May 2020, and I think we all know what the market did after that… As always, I’m trying to deliver top-notch value and institutional quality research to premium members every week. If you’d like to receive these reports in full and support my work, please consider upgrading to a premium membership!

Don’t forget, the 40% discount code is still available using the link below: