Transcription
The stock market tech wreck is a big opportunity for penny stocks. Ladies and gentlemen, before we dive into the charts, let me remind everybody, especially if you're new. I've got over 30 years of experience. Half of that as a broker from 1993 to '07. Made all the mistakes so you don't have to, including going bankrupt in 2008. And I'm telling you right now when you have a market as I'm going to show you in a second and stick around to the end. I'll explain exactly why I just rebought Bitcoin at 61 and change after blowing it out at 825 for a 30% profit.
But when you take a market like this, which opened down after the Broadcom and Crowd Strike disasters, which are still taking place, I'll show you the charts in a second. That to me says we are in a raging bull market in institutions once again. We're not even at half normal volume on the cues. Four of the five lightest days have taken place for this year in the last month. They're not willing to unload. So is it because they see an end to the war? Is it because oil's coming down now back into the 80s? Or is it something that we're just simply unaware of? Or how about this? Hundreds of billions of dollars going into 401ks every month. And as Jason has been telling us now since 2017, flying cars and trips to Mars. You can come up with a fake trade war last year. Take us all the way down to 400 on the cues and here we are dancing once again close to 750. You can start a war with Iran. Something you might think might lead to WW3. You can take us down as they did in March to 555 on the Q's and we're right back up again. You can blow up as we go to the charts 12 months on the cues. Last trade 74134. Let me switch to the 5-minute chart. Take us all the way down to 732 on the blow up in the disasters in AVGO Broadcom and Crowd Strike CRWD. And you thought, "Okay, here we go. We're about to get started." Nope. We're going right back up. The volume wasn't there. The selling wasn't there. Now we are right now at that triple bottom break at let's call it 742. What was resistance or excuse me, support will now become resistance. But as I go back out to the 12-month, even though you're insanely overbought on the daily MACD and absurdly overbought on the daily stochastics and well overdue for complete turn all the way down, she doesn't want to do it. She doesn't want to do it.
Jason, what does that mean when you have volume as low as it is in the midst of Walmart down nine days in a row until it finally bounced back yesterday? When you have Broadcom down 15% this morning along with Crowd Strike. When you have Shake Shack yesterday getting taken out to the woodshed and we can't budge. The Dow is still above 51,000. They can't take the cues down more than five, six, $7. But at some point as we work our way through this midterm summer, again, the four weakest months are in front of us of a four-year cycle, what's going to happen if it's sideways, hoham, not much progress, or if we begrudgingly go down 3, four, 5%? Let me translate that for you. The only way you're going to make any money is trading. And if you've been following $5 and under stocks, holy look at STI as we go to the charts. This is a stock that we owned a year ago before the reverse split. There was absolutely nothing showing yesterday at 4 and a quarter. And then all of a sudden on an announcement today, it's trading at 38 and a half. In other words, a seven bagger overnight. In fact, look at the ride this thing's been on for the last 12 months alone. $3 all the way to $35. $35 all the way back to $3. Where were you, Jason? You traded it a year ago. Answer. I had my head up my ass. And once again, there's another stock. I mean, it's PRFX the other day. Went from two to eight. Penny stocks. Many of them under a buck. By the way, congratulations to the CXAI folks who dove in yesterday at 14 and change and could have blown it out at 33 this morning. I haven't looked at it. Let's see. Uh, last trade 29. So, look, are they going to get to a dollar on their own organically even with that acquisition? I don't think so, but I'd love to be wrong. So, congratulations to those of you. I wasn't smart enough. I wasn't smart enough to buy it back. What? For the fourth time now, I've only made 989%, let's call it a,000% on my money in less than 12 months. I could have done the same for you. All you got to do, ladies and gentlemen, is click that link below. You buy one month, you get two free. That's a $600 credit on sign up. You cancel anytime. And by the way, congratulations to Alex and many others who have come back in after leaving in the last three years. Yeah, you made a huge mistake, but we're getting the band back together. We're having our first annual event in Vegas this August. I would love for you to come. So, when this video is over, whether you were with us in the past or you're brand new and you want to make a boatload of money, click the pin comment below so you can get started at try smallbiz.com.
All right, back to the charts, ladies and gentlemen. Once again, let me show you Broadcom real quick. Look at that. At no point, as I told the team, going back several years, are you going to see a more nasty gap down than right there? You got gaps up, you got a little bit one there, and you came all the way down. So yeah, that was a let's call it 20% correction, but that was also when the rest of the market was fading. You got gaps up here. You got gaps up here. I could go all the way back. You got another gap up right there. All the way back to the scandemic of 2020, 2021. You haven't seen such a nasty gap down. And while I'm at it, while I why don't I show you Crowd Strike, CRWD? In my opinion, those two stocks, at least for now, are topping. We have an obvious trend reversal in most, not all of the semiconductor and data center related names. So, if that's actually true, if the market's finally going to go sideways to preferably down for a few months, the only way anyone, you, me, hedge fund managers, bots are going to make any money is if they're willing to trade. And if you're paying attention to sub$5 stocks or what we did this morning going back to the charts on AUD switching back to the five-minute, you've got a classic cup and handle very bullish formation breakout at 140. We bought it at 143 and change. We blew it out at 170. That's an 18% profit just like that in AUD. I often do that when I don't get a full position. That's happened six times in two and a half weeks, folks. Six times in two and a half weeks. We made an entire year's worth of performance relative to the S&P going back 50 plus years in one or two hours. And oh, by the way, in case you haven't heard, we have over 500 wins against only 25 losses for more than 2,100% return in less than 3 years. And while some of you hate to hear this, really hate it, I'm one of the best traders in the entire world. Best of all, I can help make you rich. You will pay me $7 a day. You will buy me a cup of coffee right down the street at Starbucks. I will do all the work. I will keep you more than well-informed, including tons of content, most of which never see the light of day on YouTube. I'll tell you exactly what to buy and most importantly, when to sell. It's your money. It's your account. You want to peacock and hang on a little bit longer. That'll make sense about 10% of the time. But when I say it's time to get the out of dodge, 90% of the time it is. And it's true. It's so bloody true. You could have made 20 times on your money. Almost 10x in a year. Think of it. 10 grand to 90,000 just following my leads, which I send you as notifications to your desktop or cell phone.
And before I let you get out of here and enjoy a very good weekend, let me tell you exactly why and show you. In fact, I got back into Bitcoin. First of all, here's proof. Last night, it was actually close to 1000 p.m. East Coast time. I put 2% cash into Bitcoin. I also, as you can see right there, put 2% into Ethereum at 1719. In both cases, I made 30 to 35%. I actually sold Ethereum at 24 and a quarter a couple of months ago, the very same day that it topped. So, the obvious question is, what are you doing? Well, had you been inside the Discord, and yes, if you're new, I use Yahoo Finance. I have been for the last 30 some odd years. And every time I try to change, I love Trading View. I use their alert system. The charts are gorgeous. This rolodex of subconscious 10,000 plus trades goes, "What are you doing? You got a 956 7% win rate in the last year. What the are you doing? Get your ass back on." What hasn't really changed if you've been following Yahoo Finance for almost 35 years. All right. You've got chart symmetry. Allow me to refresh this. This is a 12-month last trade, 63,000 on Bitcoin. So, I'm up almost 1,700 points or whatever that is right here. Boom. Bearish rising wedge or what some people call a bare flag. Though about 6 to 9 months ago, you turn a flag upside down, there's your pole flag, you broke. So this break right here, bearish rising wedge, another break almost identical, leads to an even bigger bearish rising wedge. So chart symmetry, if you go from the breakdown right here on Bitcoin, I'm in the center of the screen at 84K, you had roughly two boxes. And this is what I love about Yahoo Finance. And yes, I'm keeping it simple, stupid, folks. They've got these boxes that you can see. You see that? It's about an inch. You had from the breakdown of that bearish rising wedge about two boxes down to the low of 60K several months ago. If you sold Bitcoin like I did when it got rejected at the downward sloping 200-day at 825, how far down is it now after this cascade waterfall of selling? Answer almost at its low last night, which was right about there. Two boxes. So in other words, this selloff is almost as identical in terms of size from here to here. However, I've also said as we sit right on top of the 200-week aka 4-year average of Bitcoin at roughly 63,000 that the buy window is down to 50. If you know your Bitcoin history, let me go out to the monthly. It normally goes up for three years, down for one, up for three years, down for one. When we peaked, excuse me, up here at 126, it was in October of last year. So, as we're preparing right here to go under the zero line on the monthly MACD and you're gagging at oversold levels on the monthly STS, we could still see another three or four months down just like you did here in Bitcoin. In other words, as she was going under the zero line, and again, I'm on the monthly of MACD, you still had from that level right there, that candle, you still had three or four more candles. In other words, three or four more months. The same thing is happening right now. We are at the same level, right side of the screen, just above the zero line, as we were right here. And it went down another four months. Well, where does that take us before I go back to the 12-month chart? If we go down another three or four months, it takes us into October, and it would be exactly the same as the last three cycles. Up three years, down one. Up three years, down one. So, it's very possible as I go back to the weekly chart, and I do appreciate your patience, that we've got another three or four months down. However, there's a lot of institutions, a lot of algos that know that blue line is big support. So, while it breached it last night at 613 and change, and by the way, I caught the low within $130. I mean, come on. It's still possible we could see a bit of a rally. Notice the chop around that we had here. The chop around that we had here. We could easily chop up to 68, 69, maybe even slightly higher and then have one more push down. I do think this breakout right here at 50K what was resistance becomes support because there is a lot of consolidation in this base. There's a lot of support in this base. So at some point between 50K worst case scenario heading into October and where we are right now for the most part is your bottom. And I do believe in closing that once we get into the fall and you bottom out in what has been a nasty bare market for crypto, the new guy Kevin Walsh, who has a $100 million portfolio in terms of crypto, it's mostly Bitcoin and Ethereum. He's going to go on a campaign of lowering rates. He's on record of saying among other things, we cannot afford to pay the interest on our debt. We have to globally in a synchronized fashion bring rates down so we can cut the interest expense in half and at the same time unlock an almost equal number to our national debt of 39 trillion $38 trillion of home equity which could spill over of course into the economy, the stock market and penny stocks if this market flattens out and drifts a little lower for the next few months into a bottom for just about everything, including crypto. And rates start getting cut in December or the first quarter of next year. You mark my words, you're going to hear me again 6 months from now telling you we added another two, three, 400%. Do not miss out on this big opportunity in penny stocks. And until next time, always remember that I love you and I hope to see you join us right now at try smallbiz.com.