I look at the market as one big puzzle… And it's my job to put all the pieces together.
Last week, what was the hottest sector this year (Tech) fell 6% in a week and is now the weakest sector in the overall market.
Coming into this week, I had a job to do and trades to alert.
One thing I knew for sure was that I wanted to stay out of tech; there was one piece of the puzzle.
Another thing I knew for sure was that while Tech was busy falling 6% - BETZ - an ETF that tracks Sports Betting & Gambling companies, was busy going UP 5%.
I knew that was an area of the market I wanted to be in; there's my 2nd puzzle piece.
I checked my "Daily's" Scanner which tracks unusual activity in certain stocks, and saw DKNG pop up on there last week.
Why did DKNG catch my eye? Because it's a Sports Betting and Gambling company… An industry that's busy outperforming the market.
So I knew I had a hot stock, in a hot industry, that was also attracting unusual trading interest.
I did a quick check of the charts, and it was clear to me that this thing was ready to rip… That was the third and final piece of the puzzle.
All of the puzzle pieces fit together perfectly and painted me one succinct picture… It was time to pull the trigger on DKNG.
As of today, DKNG has rocked 37% since Monday when I alerted the stock, while the overall market has fallen nearly 5%.*
Every week, I piece together the puzzle and find hot pockets of opportunity even in the bleakest of times.
Each week I also release my "Daily's" scan and I cherry pick what I believe to be the best stocks with the best setups, and alert them to all my members.
There's a whole new round of trades coming next week and I want you to get in on the action with me.
Everything you need to know is right here.
*Results presented are not typical and may vary from person to person. Please see our Disclaimer here: https://ragingbull.com/disclaimer. JC Parets |
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