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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.

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: I have 1 Stock Left on the BUY LIST & two options strategies. Thank God I was able to wind down the BUY LIST without too much damage. One options strategy is about to expire tomorrow & if all goes well we’re looking at a safe 3.27% profit in 45 days. Overall StockTips is still smashing the hell out of SPY. Now it’s time to figure out what I’m going to replace the stocks with.

Once again I was criticized by a few for not adding to the BUY LIST, however, current market conditions demonstrate it was the right move. Hell, I lost quite a few subscribers for not adding to the BUY LIST. Sure, adding to the BUY LIST when I knew the market was going to tank would have been great for subscribership … but over the long haul it would have destroyed my integrity & credibility. Best to take the hit on paid subscribers than to put my faith into a bad market. Those who had money burning a hole in their pocket got burned for rushing their trades. Those who maintained a large cash position & didn’t add, as I advocated, are making out like bandits. In short, if you listened to this newsletter, you may or may not have profited … but regardless you should be doing better than the overall market & sitting on a large cash position. This should place you in an excellent position to average down or buy stocks at rock bottom prices in the future.

I still need to update & revise the Price Assessment Based Watchlist, the Possible Short List, etc. I will work on this over the weekend.

MOST RECENT INSIDER BUYING: I have moved the insider buys/sells to the paid section of the newsletter (BELOW) … along with the Buy List, Options Strategy Buy List, Earnings Tracker, & IPO Lockup Calendar. For here on out I will report both insider buying & selling in the paid section of the newsletter. As many of my subscribers have found out, insider trades can be substantive information that you can usually day trade for a quick profit.

UPCOMING MARKET MOVING ECONOMIC NEWS:

• 1000ET Tuesday May 24th: April New Home Sales (Consensus 0.58m)

• 0830ET Wednesday May 25th: April Durable Goods Orders MoM (Consensus 0.5%)

• 1400ET Wednesday May 25th: FOMC Minutes (This Will Move Markets)

• 0830ET Thursday May 26th: GDP Growth Rate Q1 2nd Estimate (Consensus -1.4%)

• 0830ET Friday May 27th: April Personal Spending MoM (Consensus 0.7%)

• 0830ET Friday May 27th: April Personal Income MoM (Consensus 0.6%)

The two items that have the largest chance of rocking the markets next week are FOMC Minutes on Wednesday & the revised GDP numbers on Thursday. For those of you who don’t know, The Federal Open Market Committee Minutes are the transcripts released from the last Fed Meeting (Where they made the interest rate decision). Yes, this can seriously move markets.

GOING LONG ON STOCKS IN A BEAR MARKET: It’s possible, but not easy. The trick is to find oversold companies trading near or below book value that are sure to profit through poor economic conditions & have decent books. I got my eyes open, & I’m looking for better valuations than currently offered. Regardless of what I find, I will likely be holding it for a while … & I will buy in slower than usual. Perhaps even selling calls against the underlying while I’m waiting for the swing. Don’t know how to do that? I have a video for this.

GOING SHORT ON STOCKS IN A BEAR MARKET: Risky given the pump that is sure to happen once China Lockdowns end, & if we’re lucky, the end of the war in Ukraine. But for the long haul, if you got the stomach for it, this may be a winning ticket.

FEAR, UNCERTAINTY, & DOUBT: Facts are facts. Walmart reported that people are buying more lunch meat & half gallons of milk. Target reported a reduction in discretionary spending. All of which imply people are cutting back on spending. Prices? They’re still increasing. Labor market? Still hot. Has inflation peaked? Perhaps … BUT PLEASE LISTEN. Inflation peaking means that the hard days are ahead of us … not behind us. The only way inflation can peak is if businesses are feeling the pain & are forced to reduce prices to remain competitive. This also means cutting back on expenses … which means less spending, less hiring, & less investment. In some cases, it means taking a loss, or breaking even, just to keep the doors open. Is the market going lower from here? I think so! Remember, when it comes to predicting economic trends, the consumer will let you know well before the economic data does. And this earnings, which largely represents a time before the War in Ukraine & China Lockdowns, or even a time where the effects weren’t that pronounced, are not a great representation of what to expect next earnings … which I predict will be worse.

Significant News Heading into 05.20.2022:

• Stock futures rise, with the S&P 500 on the brink of falling into a bear market

• European stocks climb as global markets look for recovery after turbulent week; Stoxx 600 up 1%

• Asia markets gain as Hong Kong’s Hang Seng jumps 2%

• Chinese electric car start-up Nio says supply chain disruption, not demand, is its biggest problem

• Stocks making the biggest moves after the bell: Palo Alto Networks, Ross Stores, Deckers & more

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PAID CONTENT IN THE PAYWALL BELOW: (BUY LIST WILL BE UPDATED SOON)

• A Detailed Breakdown of Yesterdays Earnings Beats & Misses

• Most Recent Insider Buys/Sells

• IPO Lockup & Quiet Period Expirations

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

• 2 Options Strategies

• 26 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)

LOGIN INSTRUCTIONS: You will need to login to see the detailed list. The “email login link” will send the link to login directly to your inbox (Click the link & it will automatically log you in). You can also choose the “login with password” option. You will need to set up a substack password for this option.

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