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Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings (Note: Red on the Earnings Calendar Indicates an Earnings Loss [Not Miss] Consensus), & Yesterdays Insider Buys. NEVER BE SURPRISED BY EASILY ANTICIPATED MARKET BREAKING NEWS. That’s our goal here.

MOST RECENT INSIDER BUYING

TODAYS COMMENTARY Get a Cup of Coffee & Enjoy Catching Up! If you aren’t reading this daily you are missing out on a wealth of information that could prevent unforced & unnecessary trading errors.

BUY LIST UPDATE: So glad I’ve been holding off on adding to the BUY LIST. It is truly paying off right now. In this kind of market, he who loses least gains the most. Remember that investing & trading is 20% knowing what to buy, & 80% knowing when to buy. People say you can’t time the market, but I’ll be damned if it isn’t a noble pursuit. Indeed, if folks should be discouraged from entering at the right time on the right stock under the right economic circumstances, then big money wouldn’t have such large cash positions. I would seriously encourage you to watch some of the interviews of fund managers in the financial world right now. When asked what stocks they like or what they’re buying its always the same two replies. They either want to see what earnings have in store (Meaning they have no clue what to buy) or they’re investing in staples in the Dow with large cash positions on the side. Save, of course, the aggressive managers who have lost their ass over the last 3-4 months. I haven’t heard from Cathie Wood in a bit. Have you? Imagine making as much money as she managing a massive failure of a fund right now. Must be the life!

In any case, there have been fewer positions added to the buy list as of late simply because 1) It’s the wrong time. 2) There isn’t much to be bullish about. However, I will be paying close attention to the banks. Remember that recent earnings aren’t really pricing in the Fed Rate hikes yet. This is because rate hikes didn’t happen until late last quarter. So they aren’t fully reflected in company earnings.

BIG FIRMS ARE HOLDING LARGE AMOUNTS OF CASH: Large money managers & retirement firms are holding large cash positions right now. What does this mean? The pumps you saw last year are less prevalent this year. They wait for dumps, & buy more, wait for deeper dumps, & buy more, & so on. The thing is they are so diversified it truly doesn’t matter, & diversified in a way the common small account retail trader can’t. It’s their game folks, … got to play by their rules. Be careful! Indeed yesterdays wild trading session is indicative of a market waiting for deeper dip only to buy it … likely in the hopes that buzz can be generated this earnings season which will lift all markets. If that doesn’t happen they will likely take a breath, & wait for a deeper dip. They just aren’t buying like they used to … at least not equities.

TODAY’s Earnings: UPS, GE, Microsoft, Alphabet (Google), Visa, Pepsi, 3M, Raytheon, JetBlue, Waste Management, DR Horton, Archer Daniels Midland, Range Resources, Texas Instruments, Enphase Energy, & QuantumScape, are all reporting today.

Pay attention to Texas Instruments if you want a good feel of how semiconductors are still holding up. Indeed we have 4 semiconductor, passive semiconductor, or semiconductor related services on our BUY LIST. And no … they certainly have NOT pumped yet … nor are they overvalued by any stretch of the imagination or reasonable standard. 3 of them are reporting earnings VERY early next month.

NEXT BIG ECONOMIC NEWS: Durable Goods Orders & New Home Sales will be reported today at 0800 & 1000 ET respectively. I spoke to these numbers in yesterdays newsletter.

FED INTEREST RATE DECISION NEXT WEEK: Wednesday next week at 2:00 PM ET we will know how much the Fed will be raising interest rates. Expect half a percent. If they had any sense it would be more.

YESTERDAYS EARNING RESULTS ATVI BOH BMRC CCBG CZWI DORM EBF ESQ FRBA FSFG LKFN LII NWBI OTIS BSRR SMBC KO WASH AIN ARE ACC AMP AXTA BRO CADE CDNS CALX CR CCK CVRX EFSC FLXS HSTM HTLF HSII HLX HXL IBTX KREF LXFR MEDP NBN OI PKG PCH RBB ROIC SBAC SSD SUI TBI UHS WRB WHR ZION Paid Subscribers can review all earnings results so far this season HERE.

Significant News Heading into 04.26.2022:

• Stock futures dip slightly as market attempts to build on Monday’s comeback

• Mainland Chinese shares tumble amid Covid fears as Beijing expands testing; HSBC profit falls

• Treasury yields dip, with focus on Covid outbreak in China and fears of economic slowdown

• Investment banks slash expectations for China’s economic outlook — one sees GDP growth of less than 4%

• PepsiCo earnings beat estimates despite higher costs, company raises revenue forecast

• Biden reverses Trump move to open up more oil drilling in Arctic

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PAID CONTENT IN THE PAYWALL BELOW:

• 6 Stocks near/at/above the Buy Zone (Waiting to Swing).

• 2 Options Strategies

• 25 Stocks on the Price Based Assessment Watchlist 5 Stocks on the Stocks Under $20 List (Read the Warning/Disclaimer) 6 Stocks on the Highly Speculative Highly Volatile Small Cap List (Read the Warning/Disclaimer) 4 Stocks on the short possibilities list

👉CLICK HERE TO SEE THE DETAILS OF EVERY STOCK ON THE BUY LIST (AND SEE THE PRICE ASSESSMENT BASED WATCHLIST / THE STOCKS UNDER $20 LIST & THE HIGHLY SPECULATIVE LIST)

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