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.
No setup gets me more excited than buying a fresh new all-time high.
There are no bagholders looking to unload their losing position to breakeven. Every investor or trader holding a long position is making money. And every trader holding a short position is losing money and the only way they correct that sad state of affairs is to buy stock to stop their losses.
In other words, blue skies above.
This doesn't guarantee success on a long trade here, of course. But these are the types of trades that commonly lead to my biggest gains.
Here's a weekly chart of semiconductor name Analog Devices $ADI:
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.
In today's Flow Show, Steve Strazza laid out the case of how both the Nasdaq 100 and Chinese tech stocks (particularly Chinese internet) might be signaling an important rise in speculative appetite which could fuel the next bull run.
Of the names Steve shared, the one that made the most sense to me was JD.com $JD. Check out this chart: