↗️ Gold Stocks and Golden Arches Have Room to Move Higher

Good morning. Markets never quite move as expected. For instance, traders expected some volatility..

I hope you had a great weekend. It's great to see people out and about, masked or not. I happen to live where things are opening up more quickly, and I have to tell you, it's a relief.

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Monday, November 30, 2020 Markets never quite move as expected. For instance, traders expected some volatility around the election. Although it took longer than expected for a winner to be declared in the Presidential race, that volatility didn't happen. That's led to a number of traders removing market hedges, or putting some of their sidelined cash back into stocks. The result? The massive move higher in stocks in the past weeks, ahead of what is seasonally a strong period for stocks. Add in the development of Covid vaccines, and the economy is likely to heat up into the coming year, plus or minus a few lockdowns in some areas in the coming months. Actionable Trade Ideas For Today: 1 Unusual Pattern of the Day: McDonald's (MCD) Fast food giant McDonald's (MCD) has struggled since late October. Despite rising same-store sales, the market hasn't been as attracted to shares as other names in the past few weeks. But one unusual pattern indicate that the interest is quietly rising. [SPONSORED CONTENT] 2 One Trade, Once a Week, One Hundred Percent Profit Targets Simplify your trading with Jeff's highest-conviction trade ideas. Bullseye Trading is all about 1 trade, 1 time a week, sent directly to your inbox every Monday morning before market open. It's that easy. Learn how you can get one high conviction trade (weekly) from millionaire options trading guru Jeff Bishop. Get His Bullseye Trades Now 3 Overbought Stock of the Day: Honeywell International (HON) Industrial giant Honeywell International (HON) has seen a massive surge higher in shares in recent weeks. The move has left the stock near overbought conditions, but with multiple opportunities for swing traders here. 4 Oversold Stock of the Day: Agnico Eagle Mines (AEM) Shares of gold mining company Agnico Eagle Mines (AEM) have joined others in the sector in terms of reaching oversold levels. The steep slide since the start of the month indicate that traders have bailed on gold. That's even as long-term conditions bode well for the metal.

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