The window dressing rally as we head towards the end of the year should not be ignored as the low volume we’ll see through the remainder of this week. The long side of the equity and equity index markets are still the path of least resistance; just be sure to focus on the double greens.
LULU has been one of our favorite stocks to trade this year, and it looks like it wants to break out and head for a $240 price target. This is how I’m trading it.
The market softened up ever so slightly today, but I view that more as a function of low volume than anything more substantial. Let’s talk about our plan for Thursday, and some of our favorite tickers we are watching: TSLA, RH, WMT, DIS, LMT, LULU, ISRG, and more. Have a very happy holiday season, and remember we will see you in the trading room on Thursday!
After a lot of patience along oversold support levels, gold is rallying, and so the next stage of this trade is what are the upside expectations for the long position and how do we measure that?
With the market at extensions, some of the best trades are short squeezes. We saw that in TSLA, RH, AMD, and VICI. Now, I have my eyes set on NVRO, WGO, and LK. Check out the parameters here.
The S&P has made multiple extension targets, but this runaway market isn’t losing momentum. In these moments, with a lack of pullback buys, I like to focus on high short interest setups — where traders on the wrong side of the move are feeling the worst amount of pain. Let’s talk about TSLA, LK, NVRO, AMD, WGO, BABA, and more.
Here’s how I will play the window dressing-led rally into year’s end: Look at what’s been strong and look for it to be bought.
The end of the year is when I make sure I do a lot of looking back at what I did well and not so well in 2019. I have a couple tools I use to do this and I explain what they are in this video. I also go through the indices with our “double green” scan.
