Connect with us

Hi, what are you looking for?

Trading Secrets

This Industry Group Is Churning Out Hugely Profitable Trades

If a huge recession is looming, someone forgot to tell the apparel retail group ($DJUSRA), because their absolute and relative strength is undeniable right now. The past three months have seen many stocks within this space SOAR. Here’s the visual of the DJUSRA on both an absolute and relative basis, along with a strengthening small cap stock within the industry:

URBN is already a beneficiary of the much-improved relative strength in the DJUSRA. The green arrows highlight the rising 20-day EMA acting as excellent support during the current uptrend. I’d look for that to continue.

I am VERY bullish and don’t mind at all being the outsider in terms of evaluating the S&P 500. It wasn’t fashionable to be bearish heading into 2022 either, but I accepted that role and it was the correct side to be on. Those shorting this market now, in my opinion, will be whipsawed in the weeks ahead exactly like the longs were baffled earlier in 2022. You have to understand the manipulation that ALWAYS takes place in the stock market, or else suffer the consequences. Current manipulation is pointing to the big Wall Street firms accumulating aggressive areas of the market. That spells trouble ahead for shorts.

“Understanding Market Manipulation” is our next scheduled event this Saturday, November 5th, beginning at 10am ET. It is a FREE virtual event that simply requires your name and email address to register. CLICK HERE for more information and to register for the event. I’ll see you next Saturday!

Happy trading!

Tom


You May Also Like

Financial News

McCarthy’s Speakership Hangs in the Balance as House Greenlights Stopgap Funding Bill: A Defining Moment Looms In a stunning turn of events, the future...

Financial News

Conservatives Call for GOP Candidates to Step Aside After Second Debate: A Call to Streamline the Republican Race In a surprising turn of events,...

Financial News

Poll Unveils GOP Primary Voters’ Resounding Verdict on Best Republican Debate Performance In the midst of a heated Republican primary race, the GOP primary...

Financial News

Jeffries’ Strategic Maneuver: Outsmarting McCarthy to Avert Shutdown Crisis