News : 👉 Two Swing Trades Emerge in this Insurance Play

Monday, November 23, 2020

👉 Two Swing Trades Emerge in this Insurance Play

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Monday, November 23, 2020

Stocks continue oscillating as positive vaccine news is overshadowed by increased economic restrictions against rising numbers of Covid-19 cases. In a typical year, the period from Thanksgiving to New Year's is one of the best times to be in the market. Stocks tend to head higher on light volume amidst holiday cheer.

It would be foolish to think that this year would follow that trend perfectly. But given that we just had a bear market in March, the odds of another massive pullback are unlikely. Tread lightly this holiday season, and look to the latest lockdown news as a clue for the market's next big swing.

Actionable Trade Ideas For Today:

1		Unusual Pattern of the Day: Aflac (AFL) Insurance company Aflac (AFL) has been on a tear in the past few weeks, with shares rising over 29 percent. That's created not just one, but two patterns in shares. They both point to profit-making opportunities.


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2		"The 12 Million-Mile Battery" One of Tesla's "original seven" employees has beaten his former employer, creating a battery technology so powerful it can send a Tesla across country without charging — four times. It's capable of charging in eight minutes, not hours. It's on the cusp of *sparking a 20,300% market surge over the next decade.* Click HERE for the full story.



3		Overbought Stock of the Day: Harley Davidson (HOG) With a stunning 60 percent rally in shares from a low in late September, shares of Harley Davidson (HOG) are getting into overbought territory. Based on prior trends, traders may be able to profit from a 10-15 percent decline in shares.



4		Oversold Stock of the Day: American Electric Power (AEP) Utility company American Electric Power (AEP) has seen a sizeable decline in shares in recent weeks. Besides underperforming the stock market, the move has pushed shares into oversold territory.