On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. Like investing in Apple ( AAPL ) in the 1980s or Amazon ( AMZN ) in the 1990s, this is an opportunity you can’t afford to miss. This is your chance to invest in the next big thing. Though I did unearth an investment “loophole” that allows you to take a stake in OpenAI now – before its highly anticipated IPO. Too bad it is a startup that you can’t buy on a public exchange like a big stock. OpenAI represents the potential investment opportunity of a lifetime. I truly believe OpenAI could be one of the world’s largest companies in the near future – if not the largest. Since ChatGPT’s launch in November 2022, the company’s valuation has already doubled! One great prospective investment is the very company that started this whole stock boom – OpenAI, the creator of ChatGPT. Then, buy the dip with confidence.īut make sure you buy the right stocks going forward. In other words, the data says that when the market hits the same stretched conditions it hit yesterday, stocks tend to drop about 2% before rallying big over the next one to three years. And more than 95% of the time, stocks were higher three years later, with an average return of 27%. More than 85% of the time, stocks rose over the following year, for an average return of 16%. The average size of the pullback? Just over 2%. Specifically, around 76% of the time, stocks dropped in the month after the market hit these exact extended conditions. Now, here’s the important part: Whenever we see these uniquely extended technical conditions, stocks usually retreat over the next month, then soar over the next one to three years. Indeed, since 1968, we’ve only seen similar technical conditions 21 times before. Those are incredibly extended technical conditions. In other words, we’ve gone through 12 consecutive trading sessions wherein the S&P 500 traded more than 4.5% above its 50-day moving average and reported an RSI of 67-plus. And in fact, during that stretch, the market’s relative strength index has never dropped below 67. The S&P 500 has now closed more than 4.5% above its 50-day moving average for 12 straight trading sessions. After that pullback, we can take the next leg higher in this rally. But stocks don’t go up in straight lines, not even in bull markets. It was meme-worthy in manga form, but now the anime has given it new fans. Theres a funny scene in My Hero Academia involving Mt. We’re in a new bull market, and stocks will go meaningfully higher over the next few months and even years. My Hero Academia’s Booty Incoming Meme, Explained.
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