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Last week in Sonoma, we uncovered a bunch of potential trades that are setting up in a variety of sectors. But one of them is sending a glaring signal that it is ready for us to get involved right now, so let's not waste any time.
As this bull market shows signs of resuming its march higher, we're setting our sights abroad because U.S. stocks don't have a monopoly on great setups. There are some great companies overseas that trade here in the U.S. that are also setting up for great stock rallies.
I mean, it's right there in the name. This company makes no bones about what they do. And I'm into it. Especially when I'm looking for a leveraged play into the metals sector for a potentially big move.
Buying here might not be for the feignt of heart, but if you love gap-no-go patterns with a long time horizon to play out, this might be the golden ticket.
Regardless of our feelings about the man behind the phenomenon, putting that all aside, there is a potentially great trade setting up in this Trump Media & Technology Group $DJT.
Today's trade is in a name that currently sports a 15% short interest which equates to approximately 7 days to cover. This could be significant fuel for a blast off if the current post-earnings momentum propels this stock above 52-week highs.
The countdown to launch is ticking, so lets get involved.
There's been a lot of "bad" news thrown in Tesla's direction this year. And it's played out in the stock's price. But here's the thing -- bad news is often the worst at the bottom.
And zooming out on a longer time frame, it looks like $TSLA shares may be beginning to turn the corner.
I'm mindful that coming into this afternoon's Fed meeting lots can change following whatever is said after 2pm ET.
That said, there's a pretty compelling opportunity to sell some premium in the gold space, at strikes that are comfortably far away, increasing our odds of success.
Berkshire Hathaway stock $BRK/B has traded down for eleven of the past thirteen trading days. That's not something you see often.
Call me sentimental, but watching implied volatility in Berkshire options creep up to its highest levels of the year feels like a gift to naked put sellers. So I'm going to take advantage.