Friday, October 25, 2024

Several Stacked Squeezes on Software Stock

Trade of the Day Wake-Up Watchlist

"November has historically been a lucrative month for the S&P 500."

Nate Bear, Lead Technical Tactician, Monument Traders Alliance

Nate Bear

With earnings season in full swing, I have one stock on my watchlist that I'm looking to trade heading into next week.

The company is Automatic Data Processing (ADP).

ADP is an American Provider of human resources management and software services.

Right now it has several stacked squeezes according to my S.A.M. Scanner, including an A+ squeeze on its 130-minute chart.

Plus, it has earnings coming up next Wednesday, Oct. 30.

The idea of this trade is to try and run higher into (but not through) earnings.

 

Emergency Election Webinar: FREE TO ATTEND

If you're wondering which stocks will do best under each candidate... this free event is for you.

At 2 p.m. ET on October 29, Alexander Green will detail "the perfect election strategy."

Along with his #1 stock for 2025 - no matter who wins!

He's used this strategy to outperform the market following every election since George W...

MAL Elect
 

And now he's revealing it in full... Reserve your FREE spot today!

Action Plan: As you'll see in the chart above, ADP has a beautiful flag with multiple stacked up squeezes. Playing the 130-minute chart, I'd like to build this up into a 3-to-5 lotto position.

And while I expect markets to be volatile as we head into the election, I'm bullish going forward because of the following stat…

Over the last 20 years, the S&P 500 has closed November higher than it opened 73% of the time. So I'll be looking to trade momentum stocks as we head into a potentially lucrative month.

If you want to get all these stock alerts for November and onward, I recommend checking out Profit Surge Trader. Every month I trade ONE TICKER over and over again for maximum potential gains. So far I have a 78% win rate with this strategy on 106 trades closed in 2024.

Click here to get my next ONE TICKER monthly pick on Monday, Oct. 28.

Trump's Secret Weapon:
'Document 20' Unleashed

Trump in office
Source: Wikimedia Commons

A explosive document written by Trump could send the Dow soaring to 75,000.

Top analyst reveals details on which stocks might surge during the second Trump Stockwave.

Click to see the details before it's too late.

No comments:

Post a Comment

Buy and Hold This Dividend Stock Forever…

Buy and Hold This Dividend Stock Forever... and Leave It for Your Grandchildren Escape the disappoin...