Feels Like a New Year...

But its not. Just a new Debt Ceiling

An agreement on the Debt Ceiling over the weekend seems to be done. Futures are up this morning maybe as a form of celebration or a sucker punch. We will wait an see.

I hope you all had a great Memorial Day weekend. Here in Florida is when everyone and their odd ball uncle come to town and forget their minds while on vacation. That started Saturday. What also started was QQQTrades.Club 25% discount forever on subscriptions that is good until June 1, 2023 at which time the monthly will go to $25 a month for new subscribers. Click the button below to take advantage of this deal.

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Nothing really changed over the weekend other than the possible end of the Headline driven news of the Debt Ceiling. Economy continues to slow. Consumer are still late paying their credit card bills.

Stock Ideas for a Trade

This idea a Free one. The rest will be for Paid Subscribers.

Disclaimer: This is not Advise or a Recommendation. Trade at your own risk and please do your own due diligence.

Symbol: TIO

Company: Tingo Group, Inc. engages in the financial technology and agri-fintech businesses delivering financial inclusion and financial upliftment to rural farming communities in Africa, Southeast Asia, and the Middle East. The company operates through Verticals and Technology, Online Stock Trading, Comprehensive Platform Service segments. Its platform service through use of smartphones device as a service and pre-loaded platform product; Nwassa platform, a digital agriculture ecosystem that empowers rural farmers and agri-businesses; and insurance platform, an online automobile insurance after-market service to connect automobile insurance customers with auto repair shops and auto wash stores nationwide, as well as provide customers auto membership services, including online gas card recharge, online shopping, insurance claim settlements, roadside assistance, car wash appointment and maintenance and promotion coupons, insurance loyalty points, and other related supporting services for insurance members.

What I’m looking at:

• SCTR is above 90 which is good

• Slow Stochastics is sitting at 20. I’d like to see a dip below 20 and then move up higher towards 80. This would show a strength to the north.

• Money Flow Index is head south. I am waiting for a move north. A bounce off of 50 market would be encouraging.

• Looking for a pivot and then a confirmation. Probably a two day event.