Yesterday, I got a lot of questions about why I was cautious on the market this week.
It’s not a “sixth sense” or gut feeling.
It simply comes down to following my most trusted indicator – the trusty “20-Hour moving average.”
I highlighted four spots on the price chart for QQQ below.
You can see that buying upside breakouts have worked perfectly over the last month (I nailed the first two… but missed the last one!)
While I would much rather buy the upside breakouts, this also works to the downside when a stock starts to break below the 20-MA line, as you can see above where I told members on Friday that I was taking a rare bet against QQQ.
That’s a rare move for me because tech stocks seem to only go higher! Betting against them is a dangerous game.
Well, that call on Friday paid off pretty well for those who listened because the market crashed more on Monday.
I am never comfortable with shorting QQQ, because it can reverse course and move higher very quickly.
I am out of my short position now, and I am patiently waiting for another breakout to the upside.
If you’re a member of my Alpha Hunter service, please join me at 2pm EST today for a special live session.
I will share exactly what I am looking for and what trades I plan to make to capitalize on this.
In the meantime, I’d like to revisit the stock idea I shared with you yesterday on HUBC.
While it didn’t make a 90% move higher like the one I showed you last week, we did see it make a 12% move before lunchtime…
I thought that was very respectable, considering the market was pretty ugly yesterday.
This shows you why I think looking at small-cap ideas in times of market turbulence can be a very good thing.
Right now, HUBC is trading back at a level I think you should pay attention to.
After yesterday’s spike, HUBC settled right back to the 20-hour moving average, which is around $.88 right now.
That has been the spot it has launched from several times recently, so I think it makes sense to keep a close eye on that.
We saw HUBC break through the $.90 resistance I pointed out. Now, if it can do that again, I think we could see a retest of the important $1 level.
I like this stock right now because it is coming off an oversold level from a couple of weeks ago and has been slowly resuming an uptrend since then.
The moves have not been extreme. Instead, there have been gradual rallies and mild pullbacks.
If this continues, I think we could see a very nice week ahead of us.
Make sure you are paying close attention to HUBC right now!
And in case you missed my email yesterday (and you should go back and read it if you did!), HUB Cyber Security (HUBC) is a — you guessed it — cyber security firm founded in Israel in 2017 by former members of the elite intelligence unit of the Israeli Defense Forces.
The company has really been on the move lately, so I’d like to cover some recent developments.
The big news in Israel, of course, has been the war in Gaza in the wake of the October attacks.
As I’m sure you know, wars aren’t just fought on the battlefield these days. Digital security is a critical component of national security, especially with regard to military resources.
It’s a sign of HUBC’s stature that on October 19, it announced its participation in the nation’s digital “Fortress” defenses.
“HUB Security will provide superior defenses to national infrastructures in the wake of the urgent need for robust cybersecurity measures,” the company said.
In December, HUBC had a leadership shakeup, with board member and Chief Strategy Officer Noah Hershcoviz stepping up to CEO.
The announcement notes that Mr. Hershcoviz “was formerly a member of the EY Transaction Advisory team and has global banking and business experience with multi-billion-dollar international public companies and IPOs.”
Mr. Hershcoviz commented that he believes “HUB is undervalued and can reach new heights in its business performance.”
Just two days later, the company reported a €15.6 million agreement with “a prominent Swiss aviation vendor” to provide “a wide range of solutions and services for cyber data security alongside ongoing systems safety and reliability analysis” over the course of three years.
It noted that the agreement could “potentially expand in scope and service revenues.”
The next week, we learned of “a key collaboration agreement with one of Israel’s top-three military contractors.”
According to the agreement, “HUB will provide Confidential Computing and ancillary cybersecurity services . . . to be used in a wide range of on-ground applications. Within the collaboration, HUB’s technology aims to secure all mission-critical information being processed in real-time by combat computers.”
In January, HUBC issued a press release saying it believes it has cleared some temporary setbacks and, thanks to “rapid actions and a complete change of the Company’s C-level management,” it has “created a new wave of strategic change where 2024 is expected to be a transformative year towards a strong FY2025 with a path to growth to over $100 million in expected revenues from existing and new contracts.”
For comparison, the company’s H1 2023 revenues were $30.7 million.
HUBC also said 2025 may see “a potentially significant positive Adjusted EBITDA.”
Lastly, the company said it expects FY2024 to be a “transformative year.”
I’ll have more to say about this as the week goes, but so HUBC does appear to be living up to that promise. Stay tuned, and I’ll fill you in on the details.
Make sure you are watching HUBC very closely right now!
By the way, if you’re not getting my instant SMS alerts, make sure you take 1-minute and do that right now.
That is the best way to get all the details right away when I have a new trade coming up.
All you need to do is whip out your phone and text the word “RAGE” to 1- (888) 404-5747 
Then, you can be at the top of the list when I have a hot new idea that drops (like tomorrow morning!)
P.S. Make sure you join me and over 1000 traders in the Market Master’s trading room today for live trading signals and education. You can access it at no cost right now.
Questions or concerns about our products? Email Support@ragingbull.com © Copyright 2022, RagingBull
*Just so you know, what you’re reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let’s be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren’t what you’d call “typical.”
Just a quick heads up about this ad you’re reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received sixty thousand dollars (cash) from Shore Thing Media for advertising HUB Cyber Security Ltd for a five day marketing program starting on June 17, 2024. This amount was paid by someone else not connected to HUB Cyber Security Ltd. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.
Now, diving right into HUB Cyber Security Ltd might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there’s exceptional risk involved in trading. This isn’t small potatoes we’re talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We’re shining a light on the good stuff about the company here, but it’s on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.
Oh, that brings us to another crucial point—we’re not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.
Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can’t wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who’s licensed to give you real advice. To be clear,
Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1ties br0ker-dealer, br0ker, 1nvestment advis0r (IA), or IA rep’s with the SEC, any state securities regulat0ry authority, or any self-regulat0ry organization.
So, that’s the scoop! If you’re intrigued and want to learn more about the companies we talk about, hit up the SEC’s website to dig into their filings and see the full picture.
from NYSE Updates – My Blog https://ift.tt/5PDZfxt
via IFTTT
No comments:
Post a Comment