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- My plans for the LLY trade šŗļø
My plans for the LLY trade šŗļø
What next?
First of all, my deepest condolences to those in Lewiston, Maine after last nightās shooting!
The actions of shooters like the suspect in last nightās atrocity are despicable and deplorable. May they all rot in hell for needlessly ending innocent lives too early and for the inferno of loss and pain they plunge families into.
I live in New England for 15 years, so this hits especially hard for me.
It feels wrong to just switch tack and move on to talking about markets and trading. But thatās what we must do. While those poor families pick up the pieces, we can focus on the markets and allow them the privacy and respect they need right now.
Soā¦ onto the markets.
Not that I need to point it out, but it sure has been a rough few days for investors (unless youāre watching my Alpha Hunter trades at least! š)
I just passed over $18,000 in realized profits for that service this month and I am so excited about it.
I have made $18,000 a lot of times, but the fact I have been using AI technology and leaning on my own trading techniques to achieve this in such a difficult market really proves to me how valuable this strategy is.
I would love to teach it to you as well.
You can grab one of the 40-ish seats left at an unbelievable LIFETIME price. I just launched this offer a couple of days ago, and with the way it is goingā¦ it will be all over very soon.
Grab your super-discounted LIFETIME membership before someone else does!!!
Weāre in the biggest week of earnings reports right now, and so far it is a mixed bag. We had some really nice reports from MSFT, SPOT, and NFLX (all of which are on my top trading ideas list right now), and some whiffs from META, GOOGL and ALGN.
I think we are seeing an overreaction from the market right now, and once we have AMZN (tonight) and AAPL earnings (Nov 2) out of the way, we can actually have a tradeable bottom in place.
The market is also not liking the news that the economy has grown at the fastest pace in nearly two years.
This seems odd right?
The reason is that a strong economy could mean higher rates for longer. Or, at least thatās the theory. And theory or reality, weāre all getting tired of this mess.
Thatās why Iām trading with great caution right now.
But that doesnāt make me outright bearish. Just today, I alerted my Bullseye Unlimited members to my three latest trade plans, two of which of bullish.
The one Iām bearish on though has become one of my favorite stocks to trade.
Iām talking about LLY.
This kind of pains me to make this call, since it is one of my favorite stocks in the market.
But, I canāt argue trends. The market is in a downtrend, and LLY is trading under the 20-hour MA line, so that means I want to bet against it (plusā¦ AI agrees with me!)
Iāve traded LLY for great profits several times this year already. Iāve shared details many times, but they were such great plays itās worth sharing again.
The most recent is from September when I locked in 70% on my position on LLY with Bullseye Members.
But, check this outā¦
If I had held those options a while longerā¦ I could have made over 300%!
But Iām not upset. I made a great trade and gave thousands of people the opportunity to do the same.
I preferred to grab the quick profits in front of me than holding out for the chance of a home run.
Iām just fine with that. When I find massive winners like this, I donāt need to grab the full move. Just catching a piece of it is plenty to make my week!
For that trade, I was bullish.
This week, I think it is time to bet against the stock.
As I told my Bullseye Unlimited members this morning, this is more to do with technicals and mean reversion than the company itself.
I have a good reason for this idea, just like every trade I share with my members, with the exact options contracts I am eyeing.
Iāll keep you posted on this one and how it plays out.
One of my bullish trade plans worked beautifully already this week.
On Monday, I emailed my Bullseye Trades members my trade plans for MARA. When I studied the stockās chart, I saw a wedge pattern and anticipated a breakout to the upside.
Thatās exactly what we got!
Trading is hard, results not guaranteed and should not be expected to be replicated typically
This is no joke!
These options literally had the potential to make over a 400% move higher this week from my entry price on Monday!
I did manage to bag 188% of that move (all alerted to members), and I was pretty thrilled about it!
I also detailed a bullish trade plan for SPOT, which blasted to the moon on Tuesday.
Of course, those are only three of the 15 trade plans Bullseye Unlimited members get from me every week.
As I said, Iām approaching this market with caution. Iād urge you to do the same. Trading is hard at the best of times and results are never guaranteed.
But, Iām not sitting on the sidelines.
Iām using my 20+ years of experience and the āneural networkā Iāve developed to identify smart trades. I invite you to join us on the Bullseye side so you can catch tomorrowās three new trade plans.
Hereās to YOUR success,
P.S. If you have any questions about how you can get added to my āRocket Tradesā šprogram (Bullseye Unlimited), just call Jeff Brown @ 800-585-4488 or email ([email protected]), and he would be happy to talk about any special offers, payment plans, and help you in any way possible.
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