Squeeze Alert: AWIN ASTI INVO LMDX AKU CVM

Insider Financial recaps the day's stock market action and previews our new Tuesday afternoon alert with short squeeze potential. This Nasdaq biotech stock trades just under $.20; over 5% of the float is short.Sign up below for our full report on this Nasdaq biotech penny stock!This video covers SPY, QQQ, IWM, DIA, USO, GLD, TLT, BTC, TSLA, AWIN, ASTI, INVO, LMDX, AKU, CVM.

MARKET SUMMARY

Stocks staged a rebound today as 10-year yield rose over 5% before retreating once Wall Street opened. But the major averages still closed the day well off their highs. I view today’s action as just a relief rally. I don’t think we are out of the woods, or the worse is over.Bill Ackman and Bill Gross covered their short Treasury bets, but not because they are bullish on Treasuries. It’s because there’s too much uncertainty in the world, and if the crap hits the fan, Treasuries are the ultimate flight to safety trade and will catch a bid. Look at the macro picture right now:

1. War in the Middle East
2. US consumers are falling behind on auto loans
3. Mortgage rates 8%
4. No House speaker, and they need to put together a package to keep the government open.
5. Oil prices just under $90
6. The Fed is in its blackout period this week, ahead of its two-day monetary policy committee meeting that begins on October 31. Several comments from central bank speakers last week, including chair Jerome Powell, have hinted that interest rates could be held steady, especially in light of the runup in Treasury yields.

We will know more tomorrow when we get PMI data and Richmond Fed. We also have earnings reports from Alphabet, Microsoft, Visa, GM, Dow, GE, and Coca-Cola.

BOTTOM LINE

As we keep saying, there are always opportunities in the markets, and it’s our job to find winning stocks to trade. Huge gains can be made in such a short amount of time.It’s essential to look for stocks that have yet to run. There are plenty of opportunities, and we look at hundreds of stocks weekly for our subscribers.Remember, all it takes is one or two to become a winner, and you’ve crushed the market indices (and Jim Cramer) for the year.Good luck to all (except the shorts and Cramer)!

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Disclosure: We have not been compensated for this article/video. Insider Financial is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.