Be A Sport With This DKS Play

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AUG 10 2023
Plenty Of Reasons For DKS To Continue Higher

Today, the market is looking positive again due to inflation numbers coming in a little better than expected.

And if inflation stays contained (as we all hope it does), that leaves a little money left over for leisure activities.

Plus, back-to-school sports need equipment.

Plus, the extreme heat wave all over the world may mean we can stay outdoors longer due to winter coming later.

For all of those reasons (and probably more), DKS (Dick’s Sporting Goods) has been on a run lately.


It’s above its long-term moving average and is moving strongly toward a breakout point.

If it crosses $152.61, we could see a really nice run from DKS.

We’ll keep an eye on it.

Happy trading,

— Scott Welsh
P.S. As a reminder, this play is based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.
Early Bird Gets the Worm (why the first hour matters)

You ever notice at the break of dawn how the world's still quiet, but the birds are already up, doing their thing?

The stock market's a lot like that. Some folks are up early, making moves, and they're the ones grabbing the opportunities.

From all my years in trading, there's one thing I've picked up on. That first hour when the market kicks off is like the starting whistle of a big game.

It sets the mood, shows who's taking the lead, and gives a hint about how the day might pan out.

And just like those early birds in the backyard, traders who get a head start often find themselves in a better spot.

Now, I'm not saying you've got to be up with the first light (though there's something special about a quiet early morning).

But consider this: while many are still brewing their morning coffee, the market's already humming. And if you're there, ready to go, you can catch some of those opportunities.

It's about being sharp and thinking a step ahead. It's like a game of checkers where your opening moves can set the whole game's direction. That early market time? It's packed with potential.

And just like the early bird knows where to find its breakfast, seasoned traders can spot the good deals and make their mark.

In fact, I discovered something strange about one specific ticker and how it behaves right in the first hour the market is open.

Well, truth be told, it starts the day before at market close.

Then through the night, as aftermarket and pre-market trading happens, if the price deviates too much from the close, there’s a handsome trade opportunity waiting for me in the morning.

I’m sharing details of this trade tomorrow, Friday August 11th at 10am Eastern — and you’re invited. Just click here to register your spot to join me.

Here's to making our mornings count,

Jeffry Turnmire.
P.S. Even if it's tempting to hit that snooze button, especially on a cold morning, remember this: in trading, just like in life, the early bird often gets the worm.

So, set that alarm, pour your coffee, and see what I’ve been cooking up right at the market open. Reserve your spot here.


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