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- Pulled back — 📈 ready to rip
Pulled back — 📈 ready to rip
Here’s what’s on my radar...
*together with Stock Market Media
LIVE TOMORROW: Breakout Multiplier w/ Jeff Bishop & Steve Strazza Thursday 1PM EST!
Strazza already has a new trade lined up… maybe he’ll alert another!
Good evening, Folks, Jeff Bishop here.
Markets powered higher today, thanks in large part to Apple’s 5% gain on the day.
CEO Tim Cook joined President Trump in the Oval Office after hours to reveal the company’s plans to spend and invest an additional $100 billion in the U.S.
That brings AAPL’s total commitment to $600 billion over the next four years.
The S&P 500 is up about 2% over the past month, and the Nasdaq is up nearly 4% on the back of a strong earnings season.
On Friday, FactSet reported that of S&P 500 companies that had reported earnings to date, 82% beat EPS expectations and 79% reported a positive revenue surprise.
It also found that “the blended (year-over-year) earnings growth rate for the S&P 500 is 10.3%.”
With all the noise about the trade war, inflation, employment, and rate cuts (or lack thereof), it’s worth remembering that at its most fundamental level, the stock market is supposed to track value companies based on their expected future earnings.
All those other factors are simply those that investors think will affect those earnings.
And while AAPL (and the major indexes) had a nice day today, they paled compared to my “tactical trade” idea.
As I noted in my email this morning, the stock I alerted has reliably made double-digit intraday moves on days I’ve alerted it.
Today was no different:

I hope you managed to watch that one from the beginning!
Right now, I’m turning my attention to a stock that delivered a 20% intraday gain when I alerted it last month.
The stock has pulled back over the past few weeks, but it’s now sitting at a support level that’s been reliable since June.
I’ve had a lot of success lately identifying bounce plays from support levels, and as I’ll note in my ~9am ET email to you tomorrow, I’m watching this one for precisely that.
Fair warning, though, this one has a history of rapid moves. You’ll want it on your watchlist right away.
To Your Success,

Jeff Bishop
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