Wealthpop

The commodities market looks poised for growth. There is economic uncertainty, rising geopolitical tensions, as well as oil and natural gas prices rising ever higher.
Whether you fancy yourself a commodities investor or not, there is clearly something to investing in some of the most important commodities in the market, even if just used as a vehicle to park some of your money.
However, despite the popularity of commodities like gold, silver, or even oil, there is one commodity we simply cannot live without, water.
Investing in water, or as it has been referred to, blue gold, is an increasingly popular investment option as many become fearful about our ability to make sure mankind has enough to support literally everything we do.
It is often thrown around that without this or that, societies around the world would come to a screeching halt, but when it comes to water, there truly are no bones about it.
Most don’t quite understand how much water we consume on a daily basis, many of us assume it is a never ending resource simply because the planet is over 70% water. Let’s put it into perspective.
In reference to a cup of coffee, which many Americans need to get their day started, it takes about 36 gallons of water to get from the bush to the table. When it comes to the food we eat, like a steak for example, it’s much more costly in terms of the amount of water needed.
Around 4,000 gallons of water to produce the meat we consume, from just one large cow. With all of that, plus the water we use to drink or shower, we consume a ton of water.
Even some of the most well-known and respected investors are sounding the alarm about investing in blue gold. Michael Burry, the famed investor who famously predicted the financial collapse of 2008 is one of those who is positioning himself to take advantage of the possible water crisis.
So, how can we align ourselves with investors such as Michael to invest in the world’s most valuable resource? Easy, when you have a tool such as Magnifi in your investing toolbox. Chat with your AI-powered investing assistant to get started by looking for water-related ETFs.

After showing Magnifi our interest in the water industry, we have three options that stand out among the many others out there.
First up is the Invesco Water Resources ETF (PHO). This ETF gives you access to some of the top names in the industry without the investor having to comb through the many, otherwise lesser-known water stocks in the market, in anticipation of the growing need to both have clean water for the world to drink and also get access to water for the agricultural industry in order to create and maintain the world’s food sources.
Some of the top holdings in this ETF are Ferguson (FERG), Danaher (DHR), and Ecolab (ECL).
The next blue gold ETF you can consider is Global X Clean Water ETF (AQWA). One of this fund’s top holdings actually happens to be a great growth prospect in an otherwise low growth industry. American Water Works (AWK) has a proven track record of slow, but steady growth as it has managed to post double-digit annualized compounded earnings growth for many years.
Investors in AQWA will not only be exposed to companies like AWK, but will also get the added benefit of dividend growth as well.
Finally, we have the First Trust Water ETF (FIW). While many of this fund’s holdings are similar to the previous two, the fees may be structured differently. Let’s compare all three based on this parameter and see which of the three comes out to be the cheapest long-term investment option.

Your best bet for investors who are hyper-conscious of the fees associated with owning an ETF is AQWA with an expense ratio of .50%, which can really add up over the life of your investment.
This is just one of the many metrics Magnifi allows you to compare across investment options. 
With the AI-powered language model, simply tell the app to “Compare the fees of PHO, AQWA, FIW” or any ETF of your choosing and instantly know which fund offers the lowest fees. The same is true when looking to compare fund or stock returns to one another.
Access to this can be yours when you sign up for the All Star Funds VIP newsletter, which comes complete with a FREE trial offer to Magnifi. Give this money saving tool a try today and wonder why you ever invested without it. Sign up today…

This is a big week in the market with yet another FOMC meeting taking place on Wednesday where Fed Chair Powell could announce a pause to rate hikes… or continue the Fed’s hawkish view and look to raise another half a percentage point. One thing is for sure on that front with the slight up tick in inflation over the past month, rate cuts are still a long way off.
After Friday’s trading session, there is still a pretty strong bearish bias gripping the market and with FOMC coming, there could be some consolidation until the Fed makes its next move. For now, we also maintain our bearish bias as there has yet to be a real bullish catalyst that would suggest any more moves higher.
As for the SPX, we are nearing a previous reject level, so be sure to keep that on your radar as we look to start another week of trading. However, despite all the dark clouds hovering over the market currently, we still have some ETF plays we are going to keep on watch. Just remember that FOMC meetings tend to create some volatility in the markets.
For our long plays on watch this week, we have two we are watching closely as the rest of the market signals more weakness brought about the sluggish performance of the tech sector. First, the XLU is on watch as it approaches support around the 64 area.
Seeing as how utilities is an area of the market that performs better during a bearish trend in the overall market, this is more of an ideal play for longs. Following along the same logic and since OPEC+ nations have signaled a prolonged period of production cuts, thus leading to higher oil prices in the near term, we are also keeping a long play on XOP on watch.
If oil continues to be strong, we are looking at the 150 mark on XOP in order to go long once again. As for short plays, our old favorite TLT is showing us some signs once again that prices may be looking to sink a little further. TLT at around its 52-week low of 92.5 to be specific. A break below of this mark is the signal we are looking for to go short.
Again, this week looks to be a pretty eventful week, but remember, only take A+ setups and do not get suckered into to any false breakouts to the upside as the trend is looking to be lower, or at the very least the market may consolidate until Wednesday when we get more direction from the upcoming Fed announcement. Capital preservation is king…
[embedded content]
Looking for more options trading action? Get all that and more when you join The Profit Machine trading community today. There you’ll see exactly how my students and I trade various types of stocks, not just ETFs! The Profit Machine is my premier service where I teach my students how I trade options on wherever opportunity presents itself.
As you learn, you’ll get exclusive access to all my trades with notifications any time one is put on. Now, you can learn how many use this high-income skill to achieve financial freedom all while you make some extra scratch on the side. Join today and as always…
Good Luck With Your Trading!
Christian Tharp, CMT

Block (SQ), formerly known as Square, has had quite a lackluster year with largely sideways trading or continued declines. Most recently, we have seen more declines, falling all the way down to a support level of around 55. On Friday, price finally broke that support level, giving traders signs of a move lower to what could end up being a new 52-week low.
For those looking for short opportunities, it would seem this chart favors the bears, however, those looking to go short here should not jump in with both feet. If the overall market can push a bit, it could take SQ with it to retest that 55 level.
In this scenario, the risk/reward would be a bit greater and probability of a retracement from there would be greater. The key to a trade like this is patience, waiting for the proper time to enter the trade rather than chase a move in one particular direction or another.
Also, postion yourself based on the level of confidence you have in the trade, while leaving yourself room to add should the trade experience some drawdown. An important piece of trading to remember, trade for tomorrow, not just today. This will help you preserve capital and stay in the game longer.
[embedded content]
If you like The Profit Machine (TPM), then you will really like my Wednesday Profit Room trading service. Same high-quality options action, as well as more world-class trading education. As I say, the more screen time and education you expose yourself to, the better. Give it a try for one month here and if you don’t find even more value, cancel anytime. Your success as a trader is on the other side of hard work and education, will you be willing to put in the work with me as your guide? Give it a try today!
Good Luck With Your Trading!
Christian Tharp, CMT

There is one stock that has the market’s full attention, especially with the popularity of AI-based products taking off. Well, how are you going to power all these new AI products? Semiconductors, of course, and there may be no bigger player in the industry than Nvidia (NVDA).
After their monster earnings report they just released, we got a bit of a sell off down to the 450 level. However, price bounced on 450 almost exactly and is now on its way to 500 after breaking through 480, which was the previous level of resistance.
in addition to this bullish move up through resistance, there is a push in momentum for the stock which could propel prices even higher. As the premier stock in the market right now, if NVDA can catch fire here once again, not only will this stock presumably reach higher prices, the market will likely follow its lead.
After the day we had on Tuesday, keep this stock on high alert for a long play. If we were able to get a pullback, that would only affirm a long position on the stock for traders and investors alike. If this trade is too much for you, keep an eye on the rest of the technology sector as well.
[embedded content]
If you like The Profit Machine (TPM), then you will really like my Wednesday Profit Room trading service. Same high-quality options action, as well as more world-class trading education. As I say, the more screen time and education you expose yourself to, the better. Give it a try for one month here and if you don’t find even more value, cancel anytime. Your success as a trader is on the other side of hard work and education, will you be willing to put in the work with me as your guide? Give it a try today!
Good Luck With Your Trading!
Christian Tharp, CMT

To many, the past week may not have felt all that positive what with the seemingly range bound market and Jerome Powell’s Jackson Hole speech laying out more rate hikes ahead as the Fed struggles to win the battle over inflation. However, the S&P 500 eked out a win as it finished the week in the green.
Led by the usual suspects, tech, discretionary, and services, the market seems to be rebounding back from the declines we have been seeing throughout the past couple weeks. Names like Tesla (TSLA) showed some promise after holding a pretty key zone of support, as well as Nvidia (NVDA), which reported blockbuster earnings thanks to the continued hype surrounding AI.
As for the week ahead, we would want to see these same sectors push higher if the market climb is to continue. After Nvidia’s earnings the market did take a bit of a spill, however, Friday gave us some hope as we got a bit of a turn around. This should help to give us some positive momentum as we make our way into the fresh trading week ahead.
As you look across all the major indexes, they seem to be telling a similar story, reversal. Keep an eye on these key sectors to see what the week could hold for us. If they lose strength, the lower we go, but if there is strength in these sectors, look for the market to push higher once again.
[embedded content]
Looking for more options trading action? Get all that and more when you join The Profit Machine trading community today. There you’ll see exactly how my students and I trade various types of stocks, not just ETFs! The Profit Machine is my premier service where I teach my students how I trade options on wherever opportunity presents itself.
As you learn, you’ll get exclusive access to all my trades with notifications any time one is put on. Now, you can learn how many use this high-income skill to achieve financial freedom all while you make some extra scratch on the side. Join today and as always…
Good Luck With Your Trading!
Christian Tharp, CMT

Our goal each day is to bring you possible trade setups for two major reasons. The first is to put out some free education to traders who are looking for more screen time and who want examples of what to look for when combing the market for possible trades.
The other reason is to provide a viable trade you can put on to gain more confidence and experience in the market. Today, we have another one of these opportunities to bring you both thanks to Bank of America (BAC).
Financials have had somewhat of a whacky year so far. They found some solid footing after the episode where some major banks went under, causing some consolidation in the space. One could also argue that event sent the rest of the market on its way, as well. However, it hasn’t all been a move higher and higher, as you will see.
For BAC, the ride higher has been a bit bumpy. As you can see on the chart, the stock has put in a solid line of support, which has been respected very well. This opens the door to our next trade. As the market continues to pullback, yesterday being a glaring exception, BAC has approached this trendline of support.
The trade here is another one that will require some patience, as well as discipline. These trade breakdowns are never a green light to just go and take the trade. It is merely to put it on your radar, so you can keep a close eye on how the trade develops.
For this trade, we are looking for yet another bounce off this trendline to take a long position on BAC. If the market can once again find its footing, this should set us up nicely for this bullish play. Again, like our trade fro yesterday, we need price and volume to confirm this at our key level. We do this by gauging how both react when we get toward this key level of support.
If we get a sign of reversal at the support trendline, then we can test calls with a stop just below the trendline, in case the trade tucks tail and runs in the opposite direction. If we get a flush of price at this level, then we know the trade has become invalid and we can either move on to the next trade or see if we get a reversal somewhere below this support level.
Either way, this is a great setup to get a little more market experience, so we are that much more prepared for the next trade that crosses our screens. Any instance where you can work on improving your risk management and trading psychology is great experience you can use to get better as a trader. Keep this trade on your radar to practice both.
[embedded content]
If you like The Profit Machine (TPM), then you will really like my Wednesday Profit Room trading service. Same high-quality options action, as well as more world-class trading education. As I say, the more screen time and education you expose yourself to, the better. Give it a try for one month here and if you don’t find even more value, cancel anytime.
Your success as a trader is on the other side of hard work and education, will you be willing to put in the work with me as you guide? Give it a try today!
Good Luck With Your Trading!
Christian Tharp, CMT

When it comes to our trading strategy of simple trading, Boston Scientific (BSX), is setting us up for another straight forward play. When looking for trades it’s important to realize they can’t all be this cut and dry, however, when you do fund setups that are, they require extra attention.
Such is the case on BSX. Looking at the chart, we can see one major level of support around the 50 mark. It would almost appear this is another head and shoulders setup, but the fact that we have to say “almost” negates it entirely. Why? Well, if you have to second guess, the rest of the market likely has to as well and by that time has probably written it off as not being one.
In any case, this level of support is a big one and creates one of those scenarios where you can play this stock either way. First, if the stock fails to hold 50, it’s reasonable to assume that lower prices are incoming. On the other hand, if the stock manages to hold this level, a bounce back up toward 54, or a previous level of resistance could be in the cards.
This is a scenario where you must be patient in order to catch the correct move. Price is the ultimate indicator and will tell us just where the play is to be made. We have the key level to pay attention to, now we just need to gauge price action at this level in order to see where participants step in to take the stock.
A doji candle is often a clear sign of reversal as buyers and sellers fight for an equilibrium. If this were to happen at this level, a bounce may be taking place. If price was to flush through this level without much resistance, look out below. Another thing to help with determination of which trade to take would be the overall market.
Is the market showing weakness? Or is it back to pushing higher? It is also important to note that on many of the key tickers, as well as SPY and QQQ, we are also at key levels that could lead to a stronger push higher. These are all factors you’ll want to consider when placing your next trade.
[embedded content]
If you like The Profit Machine (TPM), then you will really like my Wednesday Profit Room trading service. Same high-quality options action, as well as more world-class trading education. As I say, the more screen time and education you expose yourself to, the better. Give it a try for one month here and if you don’t find even more value, cancel anytime.
Your success as a trader is on the other side of hard work and education, will you be willing to put in the work with me as you guide? Give it a try today!
Good Luck With Your Trading!
Christian Tharp, CMT

As the market continues to decline, it may be hard to imagine we are still in the midst of a bull market. However, our next trade idea on Disney (DIS) is a bullish one. If you take a look at the daily chart on DIS, you’ll notice a pattern. Do you see it?
Before you go watching the video, I’d like you to pull up the chart and see if you can spot it. Well, if you read on this far ahead, you probably thought the surprise would be given away, not just yet. This pattern is a bullish pattern, but if you’re looking at the DIS chart, you’re likely thinking anything but.
The pattern is a descending wedge, a pattern that only forms after a substantial period of declines. Yes, DIS has hit a rough patch lately, but at least in the short term, the stock found some relief. After bouncing and finding support at the 85 level, DIS climbed all the way back above 90 with some decent volume.
This the kind of move you would like to see if the stock has any hope at making a recovery. Watch for this 90 level to act as support here. If the stock can hold this level and get some help from the rest of the market DIS could be on its way higher. Watch this trade in order to catch some gains to the upside in a market that is being stingy with its bullishness at the moment.
[embedded content]
Learn to trade like this for yourself when you join The Profit Machine. There, you’ll learn all about my favorite stocks, setups, strategies, and plenty more. You’ll also be invited to weekly webinars where I answer questions and go over important trading lessons, like the one in today’s article. The best part, you’ll also receive live trade alerts. Not only will you get a world-class education, but you’ll earn while you learn.

Get a jump start on your options education and put yourself in position to win in 2023. Sign up today! Until then…
Good Luck With Your Trading!
Christian Tharp, CMT

There are plenty of those investors that assume the market is turning back over after its impressive run higher over the past several months. While there may be some truth to this after many stocks have fallen lower, along with Apple’s (AAPL) weaker-than-expected earnings results, we still need more evidence to prove there is no bounce level in sight.
For a stock like Nvidia (NVDA), a stock that has been on a run unlike many others in this market, we could be closer to finding out if that is the case or not. We had been tracking a NVDA channel upwards for sometime and at the same time, a bull flag began to be forming as well. That was, until price broke below two levels that were supposed to be acting as support.
Now, the stock is looking like it may want to continue to pull back. After one channel’s support level broke, it didn’t take long for the other to break also. If bulls have any hope of propping the stock up and preventing a larger move downward, 400 is going to be the last real line of defense before the stock flushes all the way down to 370 and beyond.
Make sure to watch the video below for all the details of this trade to have on watch, so you can be sure to not miss the move.
[embedded content]
Learn to trade like this for yourself when you join The Profit Machine. There, you’ll learn all about my favorite stocks, setups, strategies, and plenty more. You’ll also be invited to weekly webinars where I answer questions and go over important trading lessons, like the one in today’s article. The best part, you’ll also receive live trade alerts. Not only will you get a world-class education, but you’ll earn while you learn.

Get a jump start on your options education and put yourself in position to win in 2023. Sign up today! Until then…
Good Luck With Your Trading!
Christian Tharp, CMT

– ETF Watchlist –
As it stands right now, the market is in a bit of a consolidation zone, not sure if it wants to breakdown and finally reverse the trend or if this is just yet another pullback before another move higher. There have been many instances over the past few months of a pullback before another leg up, so you wouldn’t be totally wrong to expect this be the case.
However, it is wise to keep the possibility of a move larger than a pullback in the back of your mind. As buyers become more exhausted, the possibility of a larger pullback becomes a bit more likely. But, not until the trend totally breaks down should we be nervous.
iShares 20+ Year Treasury Bond ETF (TLT)
There has been one trade we have had on our radar for what must be months now and that is the breakdown of the TLT and the 99 level on the price chart. This break of this long-held support level comes at a time where the yield curve inversion is still in place.
The breakdown of this level implies lower prices could very well be in the future. Seeing as how price is currently trading below this level, a short postion could be put on with your stop at or above 99. If price were to reclaim that mark, you would simply exit the trade and start over looking for another.
Keep this trade on watch or if you want to enter, determine the amount you are willing to risk and be sure to stick to your risk management! That is the number one rule of trading, capital preservation.
[embedded content]

When you join my Smart Trades trading service today to see exactly how my students and I trade these types of scenarios! Smart Trades is where I teach my students how I trade options on some of the largest ETFs on the exchange. As you learn, you’ll get exclusive access to all my trades with notifications any time one is put on. Now, you can learn how many use this high-income skill to achieve financial freedom. Join today and as always…
Good Luck With Your Trading!
Christian Tharp, CMT