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This Market Needs A Breather Soon

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NOV 22, 2023
   
GUY COHEN’S TRADE RADAR
Time For A Pause At The Very Least
 
 
 

Last week was a cracking week when nearly all our watched stocks rose in line with a buoyant market.

Our guidance had been bullish with the need for a rest soon.

The bullish part was right, and we are increasingly likely to get that resting phase in the next week or so.

And regardless of how that resting phase happens, we’re also likely to reach new highs afterwards.

 
Follow the money,

— Guy Cohen

 
GUEST POST: JACK CARTER
Gravy For Dinner & How To Trade Thanksgiving Week
 

If you haven’t heard my story about how to eat your Thanksgiving dinner, I urge you to watch it now.

It’s less than a minute long and it will make your Thanksgiving that much more delicious.

While I have your attention, though. I wanted to talk about the market for a moment.

You know, this week is usually pretty quiet for stocks. But let me tell you, "quiet" doesn't mean there aren't opportunities to be had.

Historically, Thanksgiving week is pretty quiet. With so many traders traveling and taking time to spend with family, markers rarely (if ever) make big, drastic moves.  And while this year, the market headed into Thanksgiving with some good positive momentum, this week has been relatively quiet.

But it’s not just Thanksgiving week that’s quiet. Statistics show that MOST weeks are actually quiet for the stock market. Those big powerful moves that we often think of are the exception, not the rule.

So how do I put the market to my advantage when it doesn’t always cooperate? Well, it's all about knowing where to look. I've got a strategy that loves volatility — and knows where to spot it, even when things might not be moving in the broader market.

It's a two-pronged approach that not only finds volatile stocks for any given week, but also puts the odds squarely in my favor with a special type of trade.

Here's a case in point: During this typically quiet Thanksgiving week, my database I've got my eyes on 3 stocks.

These aren't just any stocks; they've got a 10-year track record of making strong upward moves on and around Black Friday. That's what I call a pattern worth watching!

But here's the kicker. Even if these stocks don't do their usual climb, the special kind of trade I use means I can still come out on top. That's right — if they stay flat or even dip a bit, I can still win.

It's a remarkable way to trade, and it's why I've been trading this way for ages.

And while the example of those “3 Black Friday Stocks” I gave you is just for this week…

This strategy works every week of the year, because my database has dozens and dozens of stocks with 10 years of history of popping on specific dates.

It's a rinse-and-repeat kind of deal that works all year round. And honestly one of the best approaches I've seen in my trading career.

If you want to grab those 3 Black Friday tickers, click here to watch the video I recorded for you.

In the stock market, knowing these little secrets can make all the difference. 

Happy trading and enjoy your Thanksgiving if you’re in the U.S.!

— Jack Carter

 
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