Biden’s Shock Exit Shakes Markets, Trump Trade in Turmoil – What’s Next for Investors?

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Biden’s Shock Exit Shakes Markets, Trump Trade in Turmoil – What’s Next for Investors? 🗳️ Investors have been adjusting their strategies, betting on Trump's potential return to the White House by shifting away from long-term US bonds and increasing Bitcoin holdings. With Biden exiting the race and endorsing Harris, they now face the challenge of recalibrating their bets amid rising uncertainties and market volatility. Yahoo Finance reports.

*Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11am ET, as our risk management educator.

What Would Trigger a Trade on a Trade Trendline?

When you're using a trade trendline, regardless of the time frame, the highest probability entries are achieved when you wait for the candle in the time frame you're trading to close. Why is that? A bar, or a candle, shows you four important pieces of price action: the open, the high, the low, and the close. The most important one is the close.

Why? Because, whatever time frame you're trading—be it one minute, five minutes, thirty minutes, sixty minutes, four hours, daily, weekly, or monthly—the closing price is where the market decides that particular security or asset should be after all that trading. The close is never incorrect.
It's always the correct price for that period of time because the market has gone back and forth and that’s what the market decided. So, it's never incorrect.

The closing price of the top three market percent gainers trading near or above $3 on July 19.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $SERVE: Serve Robotics
Total gain: 186.31%
The stock appeared to be moving on no notable news.

2. $AUGX: Augmedix
Total gain: 147.71%The company announced that it has entered into a definitive agreement to be acquired by Commure, a leading provider of technology to healthcare systems, in an all-cash transaction that values Augmedix at approximately $139 million in equity value. Benzinga reports.

3. $PSNL: Personalis
Total gain: 56.33%
The stock appeared to be moving on no notable news.

Time (ET) / Report / Period

None scheduled

"In the short run, the market is a voting machine but in the long run, it is a weighing machine."

― Benjamin Graham

Sourced in:
“The Intelligent Investor: The Definitive Book on Value Investing. A Book of
Practical Counsel”, by Benjamin Graham, published in 1949.