ELF’s mixed signals forewarn its next move

Chat Room I Hot Stock I Surprise 🎁

*Sponsored by BlackBoxStocks

Hey Gang,

Jeff Williams and I have a special invitation 💌 to join us today at 1pm EST in the NEW Market Masters Room for an overview of our 24/7 chat room rollout. Let’s get after it today!

And…would you agree, the world is deeply bearish right now? However, I’ve begun entertaining a bullish outlook🐂.

The crazy thing, is that I am only bullish now because the whole world is betting the markets go lower.

It is a very contrarian view on the markets, but that is where I excel as a trader!

Friday’s market move into the close was great. But I wasn’t convinced.

Monday’s move was the sign I’ve been waiting for. It increasingly looks like the recent trends are maybe reversing, because we held key support levels.

None of this means I’m going hell for leather to the upside.

I’m simply cautiously optimistic… despite the new war… maybe even because of it.

Several sectors stand to be winners while the conflict between Israel and Hamas runs its course, however long that takes. The most obvious are oil stocks and defense stocks.

But there’s another kind of stock I am always on the lookout for, and that is STRONG STOCKS💪. I’m talking about those stocks that show consistent strength over time, but then get beaten down some for any number of reasons.

The strength of the stock isn’t negated by the pullback. In fact, pullbacks are when I start looking for trading opportunities.

The trick is knowing when to get in and get out.

So today I want to share with you one of the strongest stocks I’ve been watching all year. And I’ll let you in on the little secret weapon I have that is helping me trade it.

I’m talking about ELF. Yes, the beauty stock E.L.F., the global cosmetic and skincare company. It’s not an oil or defense stock, but it has been one of the strongest stocks in 2023.

If this stock hasn’t been on your radar, you have missed a 500% move over the last year or so, but now is the time to look at it again!

Just recently, it pulled back to a major price support level, where it’s held.

I’ve been watching and waiting...

Then yesterday - and this is the little secret so pay attention - the software I now use - BlackBox - flashed a series of Go and No Go signals in ELF.

These mixed signals, along with the stock moving above its Keltner channel was the moment I’ve been waiting for.

It is very similar to the call I made on SNOW last week, when I saw it start to trade back above my key levels.

I sent this out to all of my Bullseye Unlimited subscribers letting them know what I was seeing and what my gameplan was for the trade:

Just look at how the price moved sharply higher after that…

I know the markets have been very tough lately. I’ll bet you could have used an alert like this to help out your portfolio.

It was a great one, once again for Unlimited subscribers. SNOW has delivered an incredible 260%+ since I alerted it…

This is exactly what I am aiming to deliver to members every single day.

I just sent out the ELF trade plan as one of my three Big Trade Ideas for Monday that I emailed my Bullseye Unlimited members about.

Incidentally, the other two were an energy play and a defense stock trade!

To see how these play out, and what my next three big trade ideas will be today and for the rest of the week, grab your place with us. Check out my five year deal 👀:

But back to BlackBoxStocks*.

BlackBox is not exclusive to me. You can use it, too.

But maybe you worry that it’s too complex for you… charting’s not your thing… you wouldn’t know what to look for or how to use it?

Listen up.

The BlackBox trading system uses powerful, computer-generated scanning algorithms for stock and options traders. One of those is a particular favorite of mine - the “GoNoGo Trend.”

And it does other incredible stuff as well. It has pre/intraday/post market scanners… insider buying… dark pool data… gamma exposure… options dollar flow…

Seriously, this stuff is gold!

But it’s UI makes it a piece of cake to use for all experience levels.

You don’t need to be a professional trader or rocket scientist (or even a member of Mensa, like me) to use this platform.

It is truly powerfully simple.

To prove it, I brought Jason Swan, BlackBox Director of Member Experience, into our members’ trading room on Monday to train everyone on using the platform.

And I mean everyone, including YOU.

At no cost to you, simply follow this link or click on the image below to watch this training now.

You can thank me later.

Here’s to YOUR success,

*Sponsored content: We’re a proud affiliate for BlackBox, meaning if you click a link for a product or service, we may earn a commission at no extra cost to you. We believe in the companies we form affiliate relationships with, but please don’t spend any money on these products or services unless you believe they will help you achieve your goals.

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