Tuesday, October 22, 2024

♟ Why Sideways Action is Good for This Buying Signal

Trade of the Day Logo

View in browser

"When the markets go sideways, opportunities are still there if you know where to look."

Nate Bear, Lead Technical Tactician, Monument Traders Alliance

The SPY has been going sideways for about a week now.

And while this kind of movement can be frustrating for traders, it also means squeezes are building.

So in today's video, I'm showing readers a beautiful looking chart on a streaming company with earnings coming up.

Click the image below to get that setup.

Let's Go Long! - Spotify
 

Trump vs. Harris 2024

Which stocks are a safe bet under Trump? What about if Kamala wins?

MAL Elect
 

With "the perfect election strategy," it won't matter who wins!

It's proven to outperform the market following every election dating back to George W. Bush...

And Alexander Green has all the details.

Reserve your free spot now... then join us October 29 at 2 p.m. Eastern.

Logo

YOUR ACTION PLAN

Spotify (SPOT) has a juicy looking chart according to my S.A.M. Scanner. With earnings coming up on Nov. 12, I'll be using the $390 11/15 calls with an entry as close as possible to $171 and a stop under $365. The target will be $396 and then $400+.

Spotify (SPOT)
(Click to enlarge)

If you're interested in seeing a lot more trade ideas like this, I recommend checking out Daily Profits Live. Every week members can follow along as I find the best trade setups using my TPS system and S.A.M. scanner. Last week I closed 12 of 16 trades for winners, including a 182.56% return on UPST in 6 trading days.

Click here to learn more about Daily Profits Live.


Trophy

TESTIMONIAL TUESDAY

"COST in 18 Oct 900 calls @ $3.08. Out @ $6.68 for a 116% gain in 1 trading day. Thanks Nate."
- tlee9999

"In (MARA) at 1.90 and out at 2.60. 37% gain (in 13 days). Thanks Karim!"
- DeacNJax

"I closed the 2 Shares/Contracts I opened at $5 for $5.80. STC (CAT) @$5.80 x 2 good for a 16% overnight gain!! Thank you Bryan B!!!"
- BoomerMC


INSIGHTS YOU MAY HAVE MISSED

Expedia

Playing Acquisition Rumors

Kamala Harris

5 Sectors Set for Major Shifts if Harris Wins

Permian Basin

Why Permian Resources Might Be The Next Big Play

Buy-the-dip Opportunity - Carvana

Carvana (CVNA) Poised for Explosive Gains as Market Volatility Continues

AI DIVIDENDS: No. 1 Way to Collect Passive Income

Right now, a handful of AI companies are paying passive income to investors...

And getting started couldn't be easier! To prove it, I'm giving you my Free AI Income Playbook (FREE OF CHARGE). Click here to get it for free.

Instagram

Follow Us on Instagram!

FACEBOOK

YOUTUBE

 

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...