In our July 19 issue, we discussed arguably the best “inside trader” to ever hit the Congressional floor…
That’s right, good old Nancy Pelosi.
Nancy and her husband Paul’s impeccable timing when it comes to capturing stock market moves would likely land you or I in jail.
But she writes the laws, unfortunately. It is what it is, but we’re not here to talk politics…
We’re here to talk stocks!
Rumor had it that Nancy and Paul had a large stake in NVIDIA Corporation (NVDA) prior to Congress voting on a bill to assist the chip industry.
Well, as expected that bill was passed, and NVDA has started ascending.
About two weeks ago, price settled outside of the orange channel structure to then test the yellow channel structure, which it’s working its way out of as I type this.
I personally will await a weekly settlement 1%+ above the yellow channel line where I’ve indicated the price action with a small up arrow.
I’ll be looking to place a stop market protection order at $160 and a descending target at the blue channel above, respecting the 200-day simple moving average (SMA) at $227.00.
The Chandelier Way
Nancy and Paul have a long-standing history of successfully navigating the stock market.
And Nancy’s salary doesn’t offer their multimillion dollar net worth… Paul’s management of their money based on Nancy’s information likely does…
Lucky for you and I, one of my very close friends, Josh Martinez. has a solution for the little guy just starting out looking to book some daily profits.
He has created not only a tool but an entire strategy around his Chandelier Trader system.
The other morning, he hosted a live demonstration of the system. While I was having coffee, I decided to join in to check on his success.
Boy, was I shocked when I saw what was going on in his trading room.
Not only was he making money, but his students — one after another — were sharing how much they’d all made as well.
I was blown away.
I hope to see you there!
Rules to Live By
“The opposite of love is not hate, it’s indifference. The opposite of art is not ugliness, it’s indifference. The opposite of faith is not heresy, it’s indifference. And the opposite of life is not death, it’s indifference.” Elie Wiesel
Until next time, I wish you a beautiful and blessed day!
Yours In Trading Success,
Anthony Speciale Jr.