My ninth Commandment of Trading states: Stocks are driven higher by speculation, not fundamentals.
This is the commandment I receive the most backlash on. But it’s also the one that I will argue with anybody and everybody over. I know exactly what drives markets higher and lower, period.
When the market is climbing higher, this is one of the simplest ways to gauge whether it’s in a true rally or just a temporary bounce. By following this commandment, you’ll never miss out on the real action.
As a matter of fact, it’s the rule that has kept me bullish through much of 2020 after that deep dip in the spring. And it has made me even more bullish on smaller, more speculative stocks as we head into the end of the year.
Today, I’m going to tell you about the sector I’m the most bullish on for 2021: alternative energy.
This group of stocks is already skyrocketing – just today, this group of readers had the chance to make 116.88% on one solar energy company.
There are three stocks ready to lead this sector even higher, and you’ll want to reserve a spot in your portfolio for them today…
The two names dominating headlines today?
COVID-19 and Tesla.
Over the weekend, the UK announced news of a new strain of COVID-19 – news that sent the market on a fast dip lower after opening bell.
But COVID isn’t the only factor that weighed on the market today. Head to any news site you choose, and it seems Elon Musk’s face is above any COVID stories on the homepage.
After Tesla’s addition to the S&P 500, the stock fell more than 5% – an unexpected dip from the company that can’t seem to stop rising.
See, Wall Street got off to a shaky start this week. Nothing quite rocks stocks like negative headlines.
Today’s top headlines may have been bad news for stocks – but I just found a silver lining. Because both of these stories just unveiled their own new trades.
These trades are perfect candidates for good ole’ “buy the rumor, sell the news” trading.
And you can find every detail behind these “headline trades” right here…