Wednesday, 4 January 2023

Bear market expert makes new prediction

Dear Reader,


Nobody believed Larry Benedict's prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, “It seems like there's much more to come.”

Within a month, the market plummeted 34%.

Then, nobody believed Larry at the start of last year, either. He predicted that “all the indexes will be negative for the year,” with the Nasdaq leading the way.

Once again, he was spot–on. Anybody who followed his recommendations could be well in the black.

Now, for the first time, Larry's coming forward to share a brand–new forecast.

Click here to watch his interview right now.

Sincerely,

Lauren Wingfield
Managing Editor, The Opportunistic Trader

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Today's Trade Ideas:

Daily Trade Idea for January 4, 2023
Which Stocks Have Cyclical Price Patterns? Let's get right to it! In this edition, we spotlight stocks that historically have risen by at least 4% over the next 4 weeks at least 80% of the time. Each... Read More

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News You May Have Missed

2 Growth Stocks to Invest $10,000 in Right Now
Investors are more than happy to close the book on 2022, the first time in four years the S&P 500 closed with a loss and the worst performance in over a decade. Only the financial markets' collap... Read More

5 Consumer Stocks That Are Diving - And May Rally
The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days whe... Read More

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DISCLAIMER: Stocks and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stocks and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this report. The past performance of any trading system or methodology is not necessarily indicative of future results. All trades, patterns, charts, systems, etc., discussed in this report are for illustrative purposes only and not to be construed as specific advisory recommendations. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.

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Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Asia and Europe. It owns and operates City of Dreams, an integrated casino resort that has approximately 511 gaming tables and 572 gaming machines.

e.l.f. Beauty, Inc., together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products.

The start of a new year always bring with it a sense of hope and optimism about what's ahead. That's as true of the stock market as it is of anything else, and given the turbulence of 2022, it shouldn't be too surprising that the broad market is starting the year looking to build new bullish momentum.

AstraZeneca PLC, a biopharmaceutical company, focuses on the discovery, development, manufacturing, and commercialization of prescription medicines. Its marketed products include Calquence, Enhertu, Faslodex, Imfinzi, Iressa, Koselugo, Lumoxiti, Lynparza, Orpathys, Tagrisso, and Zoladex for oncology.

Vipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes.

Market conditions are Bearish in a Bear Market as of 2023-01-03. This means traders and investors should consider trading with a Bearish bias by shorting stocks, buying inverse-ETF's or buying put options. The rank of the Bear Market is -13.04 which indicates the current market conditions are Extreme, Risk of a reversal is high. The most recent Sell Signal came on May 12, 2022.

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