Monday, December 20, 2021

♟ This Stock Dip Is Buyable - Right Now

Trade of the Day Logo
hero

1 Trade Idea Delivered Every Week, With an 83% Win Rate. Sound Too Good to Be True?

"If you want to buy one of the country's top retailers at a 20% discount, then it's now time to buy the dip on Target. This represents the best - and safest - way to capitalize on market fears. Buy the dip now."

Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance

Bryan Bottarelli

The markets will be closed this Friday in observance of Christmas Day.

Going into this holiday-shortened trading week, most optimistic-minded traders were hoping to see a year-end Santa Claus rally...

This morning, reality hit like a gut punch.

As I'm sure you know, the holiday-shortened trading session began with a sea of red.

The Dow Jones Industrial Average went down 1.7%, the S&P 500 dropped 1.2% and the Nasdaq-100 declined 1.4%.

Early on, the big drop was attributed to two things...

First, the CDC reported that a resurgence of COVID-19 is hitting the U.S., with 156,000 cases reported just last Friday. Renewed omicron fears could mean a major slowdown in the economic recovery - all while inflation remains high. None of that is good for Wall Steet bulls.

Second, West Virginia conservative Democrat Joe Manchin said on Sunday that he won't support the Biden administration's Build Back Better plan - which could kill the $1.75 trillion social spending and climate policy bill. Based on this decision, Goldman Sachs cut its first quarter 2022 GDP forecast from 3% to 2% - and lowered its second quarter and third quarter growth forecasts as well. And once again, none of this news is good for Wall Steet bulls.

Here's the thing...

As the major market averages fall, opportunistic traders can sniff out bargains.

And today, I'm about to reveal my newest "dip buy."

Why should you listen?

This ONE Weekly Trade Is on Fire

Watch This Video TPU 85
 

Former CBOE Trader dishes the secret to his 83% win rate...

And now he's GUARANTEEING he beats it!

You have to watch this.

Well, my last two "dip buys" have been huge winners.

Back on March 8, I called Costco (Nasdaq: COST) "the most unloved stock on Wall Street."

At the time, Costco was trading for less than $300 per share.

Today, it's around $550. That's a monster winner.

Then, on April 20, I said, "Buy this dip immediately."

I was talking about Nike (NYSE: NKE).

At the time, Nike was trading for around $125 per share.

Just recently, it touched a high of $187. Again, that was a big winner.

So clearly, my "dip buy" track record has been on point.

What's my newest pick?

Target (NYSE:TGT) - and here's why...

As you can see below, Target is now testing a twice-confirmed support range between $220 and $225 that held up in October and June.

Chart - Target Corp. Support
 
Logo

YOUR ACTION PLAN

If you want to buy one of the country's top retailers at a 20% discount, then it's now time to buy the dip on Target. This represents the best - and safest - way to capitalize on market fears. This strategy worked with Costco... and it worked with Nike. And right now, I believe it'll work with Target. Buy this dip.

P.S. If you want to get my top pick delivered to your inbox each and every Wednesday, then you're invited to level up and join Trade of the Day Plus. Click here for details.

He Bought $380 Million Worth of a $2 Crypto!

Blurred Out Crypto Investor
 

One of the earliest Bitcoin investors, who runs a billion-dollar crypto fund... just SOLD most of his Bitcoin and put $380 million into a $2 crypto.

Shocking Story Here.

INSIGHTS YOU MAY HAVE MISSED

Vistra Hero Image

Put This Utility on Your Buy List

MoneyGram Hero Image

So Profitable... It Should Be Illegal!

Alttext

The Last Tech Value Play of 2021

How To Play Covered Calls Hero Image

Unlock Extra Income on the Stocks You Already Own...

Instagram

Follow Us on Instagram!

FACEBOOK

TWITTER

 

No comments:

Post a Comment

Trump floods the zone with new appointees

Presented by America’s Credit Unions and the Independent Community Bankers of America: The unofficial guide to offic...