Penn Jillette and Raymond Teller dedicated their lives to magic…
The two magicians started working together in 1975. And for nearly 50 years, Penn & Teller have wowed audiences all over the world.
Since 2001, they’ve headlined a magic and comedy show in Las Vegas. They’ve made countless guest appearances on TV. They’ve had multiple runs on Broadway.
And they’ve hosted nine seasons of their own TV show called Penn & Teller: Fool Us…
On the show, contestants try their own magic tricks in front of the duo. The goal is to “fool” Penn & Teller with something they’ve never seen before.
That’s hard to do, of course. After all, they’re walking encyclopedias in their craft.
But the thing is, even for magic legends like Penn & Teller, a well-performed trick is like a work of art. So even when they know how it works… it still feels like magic.
I find a lot of overlap between that and technical analysis in my own life…
Using data, trends, and patterns to find stock opportunities still feels like magic to me – even though I know how the “trick” works. After all, like Penn & Teller with magic, I’ve dedicated my life to learning and understanding technical analysis.
And recently, something pressed my “it still feels like magic” button…
On September 30, I took Chaikin PowerFeed readers on a “world tour”…
In short, we wanted to check the pulse of the global markets. So we explored several country-specific exchange-traded funds (“ETFs”). And something unusual popped up…
The iShares MSCI Turkey Fund (TUR) was outperforming all the other ETFs by a wide margin. And even better, it earned a “very bullish” rating from the Power Gauge.
Now, if you know anything about Turkey, you know the country is facing hard times…
More specifically, the country is dealing with an economic crisis. A disconnect between politics and central-banking policy is the culprit…
You see, inflation is running very hot in Turkey today. Official government data shows that it’s at a staggering 85% – the highest level since 1997. And some economists say it could actually be more than twice as high.
But Turkey President Recep Tayyip Erdoğan is taking an unorthodox approach…
Erdoğan believes higher interest rates are his “biggest enemy.” So instead of hiking rates like the rest of the world, he has cut Turkey’s benchmark rate multiple times this year.
In other words, Turkey is full of uncertainty right now. So the idea of Turkish stocks soaring is a little crazy.
But that’s exactly what’s happening. And the Power Gauge caught it…
I first pointed out the system’s “very bullish” rating for the iShares MSCI Turkey Fund in late September. The ETF is up roughly 35% in a little more than five weeks since then.
Now, I know all the ins and outs of the Power Gauge. After all, I developed this one-of-a-kind system after decades of working alongside some of Wall Street’s biggest names.
But just when I think I’ve seen it all, something remarkable like this happens…
The Power Gauge system picked out an idea that nearly no one else would consider. It rated the opportunity in Turkey as “very bullish.” And now… the opportunity is paying off.
After all these years, it still feels like magic to me.
Good investing,
Marc Chaikin
P.S. I hope you’ll mark November 15 on your calendar. At 10 a.m. Eastern time that day, I plan to share my latest market warning…
In short, what I say that morning could cause thousands of folks to move out of cash and popular stocks. Instead, many of them will turn to a rare new vehicle that could’ve helped folks double their money 63 different times after the market crash in 2020.
This special online event is absolutely free for all Chaikin PowerFeed readers. We only ask that you reserve your spot in advance. Click here for all the details.
