Banging the trading drum 🥁

From Bullseye Trades Member Email 1/13/2025

“While we had a few good days, the trend is very bearish right now, and as we head into the middle of the month, all the major indexes are in the red.

This week, I am expecting a very volatile market. While we are currently trading in a downtrend, I am expecting some sharp reversals along the way to scare out short sellers and try to get bullish buyers excited.

My best bet would be to sit on the sidelines until the conditions improve, or be very selective in trades that have the potential to work no matter what.

I think that one of those trades might be DJT right now.

With the inauguration coming next week, I am expecting buyers to re-emerge in this stock. You never know how high it will go if things get crazy, to the upside but that is not my main concern.

I am looking for a stock that I don’t think will collapse if the markets continue lower. Because of the inauguration, I think we will see a lot of optimistic buyers for this stock over the course of the week, and I think the downside will be limited.

My Bullseye pick that I want to buy this week is (DJT).

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out, I will use a stop with a closing price below $33.

If things go my way, I think we could see DJT could rally to $38, and possibly even to $44, which is target #2 for me.

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