Best Trade In A Long Time, Amex Chart Signal,…
You Didn’t Miss The Best Trade In A Long Time
Feeling like you missed out on a great trade is simply a part of trading. It is really easy to spot great trades in hindsight but who wants to look at could have, should haves? Keith Harwood jumped on a quick video chat with us and showed us with a real current example of how that feeling you may have missed out is the key to finding your next big trade. He walked us through one set up and will be showing more great potential trades in his webinar this afternoon. (you can sign up for free here) Check out the chat below. It is a quick video with a great tip to put a bow on your trading year.
Chart of the Day: Revisiting American Express (AXP)
American Express (AXP) is still pushing even higher, as hoped.
As we noted on Oct. 30, “Oversold shares of American Express (AXP) look interesting. For one, the AXP stock is technically oversold at support dating back to late 2022, or early 2023. It’s also technically stretched on RSI, MACD, and Williams’ %R, and appears overdue for a bounce back.”
Where Are The Holiday Season Trades?
The holidays are here, and they just keep coming. Over the next 4 weeks, we’re going to wrap up 2023 and launch into 2024, and we’re all looking for that last possible push for the market.
Resilient ‘Buy’ Signal for Toll Brothers
Yesterday, we looked at a Daily Price Chart of Ares Management Corporation, noting that ARES’s 50-Day EMA is trading above the 100-Day EMA.
For today’s Trade of the Day e-letter we will be looking at a monthly chart for Toll Brothers, Inc. stock symbol: TOL.
Is This A Top? Plus A Nice Option Trade
If I was starting to see red flags about the market health yesterday it didn’t get any better today. Everything that has happened in this 7 week rally I warned about in this space. Now it’s come to pass. It’s not the time to get bullish now. There is absolutely no way I have any interest in being long now. I tried two trades today. I was successful in buying Starbux puts with the stock at $98.00. See the attached chart.
Opportunity Revealed In Software Company Chart Pattern
When I spotted this trade example, I had to send it to you. Take a look below and I’ll show you what helped me uncover it, how to get the biggest potential trade benefit, and also, I’ll update you on a previous example.
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