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. - 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. - 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! | 
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