Here’s Another Electric Trade…

Buy the dip, sell the rip!

Yes, it’s that simple…

We’ve followed this exact strategy in our Apple and Twitter trades…

Now, I’ve found a supercharged play that’s ready to rally back to its highs. Chinese electric car maker NIO Inc. (NYSE:NIO) has posted a stunning rally, blasting more than 2,500% off its pandemic lows.

Now that it has consolidated, I’m looking for it to make another powerful surge.

Check out my TV interview below where I reveal all the details of my latest trade…

Keep it In the Money,

Alan Knuckman

Alan Knuckman
Editor, In-The-Money

Chart of the Day: Elon goes all-in on bitcoin

Greg Guenthner

The market action is insane these days.

Cannabis names are running. EV stocks are soaring. Even penny stocks are back from the dead and attracting scores of speculators…

But the fastest moves are happening in crypto. Bitcoin and other cryptocurrencies are soaring to new highs once again this week, with bitcoin marching as high as $47,000 early Tuesday morning. Price is moving so fast, in fact, that I have little doubt this chart will be completely out of date by the time this note hits your inbox.

bitcoin

Of course, the good news is following this bullish price action.

We just learned that Tesla bought $1.5 billion worth of bitcoin, according to a Monday SEC filing. Tesla also said it would eventually begin accepting bitcoin as payment (though I doubt many investors would be willing to spend their coins with price shooting higher every week).

Elon Musk has mentioned on Twitter that he has been infatuated with crypto for some time now. He’s even cheering on the Dogecoin pump – another Wall Street Bets favorite. Let’s just hope he doesn’t get in trouble with the SEC again for his ridiculous tweets…

Either way, the bitcoin rally is a sight to behold. Yes, we’re dealing with an extremely volatile asset. But that doesn’t change the fact that the crypto world has finally managed to officially capture every market participant’s attention.

— Greg Guenthner

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My alma mater Michigan State is set to play University of Michigan in a Saturday night Halloween matchup – and I couldn’t be more excited.

Alan Knuckman

Alan hails from the home of options trading in Chicago, where he began working as a clerk on the floor of the Chicago Board of Trade (CBOT). Beginning with his days on the floor, Alan’s worked with all aspects of the options markets for the past 25+ years.

Transitioning from a clerk to a floor...

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