Breakouts, Rumors, and Risk: What Traders Need to Watch
Gold spikes, biotech rips, and shutdown fears loom—your edge is in the details.
MARKET SNAPSHOT – September 29
Markets are drifting higher, but this tape is anything but stable. Momentum is surfacing in gold, biotech, and semiconductors, while political headlines could swing sentiment hard in either direction. For active traders, this is a “watch the tape” kind of day—here’s what’s moving and what setups might develop.
Barron’s: “Gold is about to shoot even higher”
Right now, gold might be the hottest investment on the planet.
And right now, investors have a rare chance to make even bigger gains.
Without buying a single ounce of bullion!
Opportunities to Watch:
Gold’s Technical Breakout: Gold futures hit all-time highs. Look at GDX and junior miners for breakout continuation plays.
Merger Rumor Trades: EA and Merus are ripping on deal news. Watch sympathy plays in gaming and biotech for lagging breakouts.
Semis Rotation: Lam Research saw a strong bounce on upgrades. Chips may be offering a quick mean-reversion opportunity.
$5 dividend stock powers AI revolution
Builds Nvidia’s AI servers
Pays a dividend nearly 2.5x the market average
AI revenue surpassing iPhone business
Risks to Watch:
Shutdown Volatility: Expect headline whipsaws if Congress stalls. Ideal for short-duration scalp setups but risky to hold overnight.
Overcrowded Longs: Nvidia’s bounce looks strong—but sentiment is leaning heavy. Manage size and watch for failed breakout traps.
Low Volume Moves: Not all rallies are equal. Thin volume = fadeable moves. Confirm before committing.
Bottom Line:
Plenty of trade ideas on the board—but stay nimble. Let price confirm direction, and size conservatively into headline-sensitive setups.
Dividend Expert Reveals His Biggest Income Secrets... Free of Charge
Marc Lichtenfeld –Author of the best-selling book Get Rich With Dividends – is giving away his Ultimate Dividend Package…
Click Here to Get His #1 Dividend Stock…