Bullish Day Around the World!

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Hey, folks. Welcome to today’s Rude Awakening!

Looking like a fairly flat open today, let’s get into all the market action…

Tech Sectors Have A Solid Footing

Once again, the positive drivers today are the Monsters of Tech.

Apple, Microsoft, Amazon, Google, and Facebook. It’s these 5 stocks that have driven the market up, and it’s these 5 that are going to need to maintain the market upside.

Both Apple and Microsoft remain strong above their 50day MA.

Amazon has Prime Day 2020 coming up this week, which is always an interesting time to purchase Amazon — historical data tells us it’s usually a very strong stock during this week.

Google is just below the 50day MA, but in a slight consolidation trend, going sideways.

And Facebook is, again, right above the 50day MA.

The Advance/Decline line in three of these tech giants is decidedly positive, resulting in a big, fat, BULLISH candle yesterday.

Overall Markets In The Green

It was a positive day around the world! Yesterday’s green candle is a strong indication that this market has found some solid footing.

But while the tech sector has driven us higher, the energy sector is lagging.

We either need these tech sectors to continue to trend up, or for a massive sector rotation to occur.

If something else in the marketplace occurs that causes money to flow out of tech, the market could still continue to trend up.

But as it stands there is not much strength in other sectors other than a few discretionary stocks.

The Fed will make an announcement later today, so we’ll have to look and see how that might affect markets today and tomorrow.

High Profit Probability On Bullish Silver Trade

One of the more interesting plays continues to be on precious metals, silver in particular.

If you look at our analysis on silver in today’s video, you can see we have a massive correction after a big run up.

As silver is just now starting on an upward trend, this stock is absolutely prime for a purchase opportunity.

However, what we want to avoid here is a binary trade.

A binary trade is when you simply push “buy” with a 50/50 shot of winning or losing your money.

Today, we are going to look at some ways we can trade silver in this market to the upside by using a bullish pattern recognition.

This allows us to trade with a very high probability of making money, even if silver doesn’t go up.

To find out about an 84% probability of profit play on the silver ETF (SLV), click here to sign up for the free beta test of the Rude Awakening Pro.

This will be the last week you can get in on this amazing opportunity. Don’t miss it!! We are currently tracking 10 wins on 11 trades… I am so excited about this service.

There’s still time to be one of the LAST people to sign up for free lifetime access to the Rude Pro

That’s it for today!

We’ll talk again tomorrow…

Regards,

Scott Stewart

Scott Stewart
Editor, Rude Awakening

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Scott Stewart

Scott Stewart has been trading for decades. He has acted as an analyst and educator on the stock market for just as long. As your Rich Dad's Weekly Cash Flow analyst, Scott works tirelessly to ensure you know everything you need to do when entering into new positions, and adjusting trades as you go along....

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