Tuesday, November 8, 2022

♟ Election Day Action: 2 Plays in a Mixed Market

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"What I want to do is find a valid bearish setup and a valid bullish setup."

Nathan Bear, Lead Technical Tactician, Monument Traders Alliance

In today's video, I'm reviewing last week's "Powell Fade" trade. And please let me know if you caught that move.

Plus, I've got two fresh ideas that I'm looking to enter.

Remember, if you're new, I look at everything through my TPS (Trend, Pattern and Squeeze) Method.

And this next trade follows that process to a T.

Check out the video below to see the setup.

Two New Trade Setups for a Mixed Market
 

ONE STOCK, UNDER TWO DOLLARS

Back of a $2 Bill
 

ONE STOCK for UNDER $2.

This ONE STOCK brought in more income - including equity sales - in the last 12 months than Disney, Square or Tesla. And it's less than $2!

A key announcement in December could send this stock rocketing over $20 (and you could miss your chance... FOREVER).

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YOUR ACTION PLAN

I'd like to short eBay (Nasdaq: EBAY). The trend and pattern are both very bearish here, and I'm looking to short this name if it comes up into my short zone. See below for the chart and my thoughts on the trade, but watch the video for a more detailed explanation.

eBay
 
  • Short zone: $40-$41
  • Stop zone: Daily close over $42
  • Downside targets: $37 and $34
  • Option selection: December 16, 2022, $45 puts

Regeneron Pharmaceuticals (Nasdaq: REGN) has a great chart - a super-bullish trend and a fantastic pattern. REGN is consolidating just under the all-time highs, and I think it's ready for its next leg higher. Again, my thoughts are on the chart below, but please watch the video for the full trade details.

Regeneron
 
  • Buy zone: $715-$725
  • Stop zone: Daily close under $700
  • Upside targets: $770 and $800
  • Option selection: December 16, 2022, $750 calls

Again, the reason I'm going with a long and a short this week is simply that the indexes aren't showing their hand right now. Things could break either way, or we could get chop. When I see that, I want to make bets on both sides of the table. Keep in mind that ultimately, all I'm doing is playing a bullish chart in a bullish way and a bearish chart in a bearish way - SIMPLE!

Creating your own trading process like mine is key to making consistent winning trades. That's why I invite you to check out The War Room. It's a community of like-minded traders who are always helping each other out. Bryan and Karim lead the charge every day, and right now they guarantee you'll receive 252 winning trade ideas in your first 12 months of membership.

Click here to join The War Room.

P.S. It's Election Day - and we have all the picks covered!

Will we see a "red wave"? Or will we see a "blue do-over"?

No matter what happens, we have all the picks for every outcome.

Check out Bryan's Election Day trade ideas here!

MASSIVE Sales Record 🚀🚀🚀

Rocket
 

One company just set another massive sales record.

The company brings in more revenue than Netflix or Tesla... yet it trades at a fraction of the price. And there's a very unusual reason. See for yourself here.

Smile

TESTIMONIAL TUESDAY

"Another really nice 26% gain in just under an hour. Nice play Bryan. In (CF) at $4.10 Out at $5.20. Way to go sir."

- Rick R.

"In at $14.7, out at $16.60 for a 13% win (in one trading day)! Thank you Bryan!!"

- PAB

 

INSIGHTS YOU MAY HAVE MISSED

Don't Let the October Stock Market Rally Fool You

This Misunderstood Stock Is a Buy

The Best Buying Opportunity in a Decade

The Best Buying Opportunity in a Decade

Don't Let the October Stock Market Rally Fool You

Don't Let the October Stock Market Rally Fool You

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Tech Leaders Pass the Torch to This Future All-Star

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