Reading a Chart with Peter Brandt

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 28 January 2021

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

Five days ago, GameStop traded for less than $50 per share.

Yet on Thursday, at the time of this writing, the stock has soared as high as $482.85...

What on earth is going on?

Dan explains what is behind the meteoric rise of GameStop, AMC, and a few other unassuming stocks in this week's opening rant.

Then Dan invites a trading legend and "market wizard" onto the show. For decades, Peter Brandt has been considered one of the world's foremost authorities on using classical charting principals to trade futures, forex and even the crypto markets.

Peter is also featured in the acclaimed book by Jack Schwager, Unknown Market Wizards: The Best Traders You've Never Heard Of. He's also the second wizard we've had on the podcast.

Peter gives Dan an in-depth look into why the classical chart patterns don't seem to work anymore, and how Peter's adjusted his trading today. If you think of yourself as a trader, this is an interview you cannot afford to miss.

And finally, on this week's mailbag Dan receives a great question about how the dollar could strengthen amidst this environment of stimulus. Another listener has a few questions about the recent censorship across big tech.

Dan gives his thoughts on these topics and more on this week's episode.

Interested in more from Stansberry Research? Check out the American Consequences podcast here: https://podfollow.com/americanconsequences

Transcript

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0:00.0	Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour.
0:11.5	Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour.
0:20.0	Sign up for the free show archive at InvestorHour.com.
0:23.6	Here's your host, Dan Ferris.
0:26.6	Hello and welcome to the Stansberry Investor Hour.
0:29.6	I'm your host, Dan Ferris.
0:30.6	I'm also the editor of Extreme Value published by Stansberry Research.
0:34.6	Before we get into today's episode, don't forget, Trish Regan is now a part of the Stansberry Research. Before we get into today's episode, don't forget.
0:38.1	Trish Regan is now a part of the Stansberry family.
0:41.2	Check out her podcast, American Consequences with Trish Regan.
0:45.2	The link will be in the description of this episode.
0:47.3	As for today, we'll talk with trading legend and market wizard Peter Brant.
0:53.2	I'll ask Peter about his relationship with Ronald
0:55.9	McDonald, why the old chart patterns aren't working anymore, and then Peter says he wants
1:01.7	to turn the tables and ask me a couple questions. That should be cool. This week in the mailbag,
1:07.3	lots of great stuff. Feedback about our recent guest Andrew Beer and P.D. Mangan
1:11.4	and questions about inflation, Apple, Intel, and free speech on social media platforms. In my opening
1:17.4	rant this week, I want plenty of time to talk with Peter Brandt, so I'll just quickly go over
1:22.2	the most insane thing in the stock market right now. That and more right now on the Stansbury Investor
1:30.4	Hour. Okay, today's rant will be a little short. I want to leave plenty of time to talk with
1:36.8	Peter Brandt. He's our second Market Wizard interview subject. Our first was Mark Minervinney.
1:42.0	All right. I can't wait to get to it. But first, there's no way,
	...

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