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Here's why I believe the bottom could be in for this clothing retailer ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

"LULU has dropped 50% in 2024, and I believe we're near the bottom." Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance With the Federal Reserve's upcoming rate cut meeting plus a thin earnings calendar, I'm expecting markets to be in reaction mode this week. For the Fed's decision, I'll be eyeing a trade on the SPY in Catalyst Cash-Outs this week. The trade goes live today at 2 p.m. EST. Also, I have another ticker on my watchlist that I want you to know about. I'm currently tracking Lululemon (LULU), the American-Canadian multinational premium athletic apparel retailer. LULU sells athletic apparel including sporting tops, sports jackets, hoodies, joggers, running shoes and underwear. If you've followed me in the past - you know I'm a big believer in following what the wives and girlfriends are buying. And a few years back, you might remember Lululemon's women's apparel was a big craze. In fact, LULU saw impressive growth in 2023, increasing revenue 19% to $9.6 billion. However, the company has fallen this year. As you'll see in the chart below, shares are down 50% in 2024. However, I believe LULU's shares could be nearing the bottom – for one key reason. CEO Calvin McDonald just bought 4,000 shares of LULU for $1 million, paying an average price per share around $260. This was the first open market stock purchase he's made since being named CEO in 2018. Famous Trader Puts AI To The Test (You're Not Going To Believe This) Multimillionaire Trader just put a powerful new AI Trading research tool through the ringer and recorded it... The results? Well, you gotta see them for yourself to believe. See what he uncovered that will change the way he trades (forever). SEE THE RESULTS HERE Insiders like McDonald buy a stock for one reason – they believe it's going to go up. And now McDonald owns 89,920 Lululemon shares, according to a form McDonald filed with the Securities and Exchange Commission. This could be a signal that we're close to the bottom for LULU, making this company a dip buy candidate. Action Plan: With this latest CEO insider buy, I'm tracking LULU for a potential dip play opportunity this week in The War Room. Last week I closed 5 of 6 trades for winners (83% win rate) including a 41.92% winner on ORCL. Don't miss the next winning trade. Click here to join The War Room. NEW RESEARCH: AI Trading Tool "S.A.M." Could Have Found Profitable Trades With as Much as an 82% Win Rate (Over 5 Years)! 5-year backtest shows that a revolutionary new AI-powered scanner developed by legendary trader Nate Bear could have found as many as 7,286 profitable plays (an average of 5 per day). See why traders who have early access can't stop raving about how powerful this new tool is. See the LIVE demo here... >> Click to See the Demo << Monument Traders Alliance   You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, click here. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 Website | Privacy Policy Keep the emails you value from falling into your spam folder. Whitelist Trade of the Day. © 2024 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. 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