My Trading From the Rear View Mirror

What’s Next on My List?

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Good morning, guys & gals!

A quick note that Jason Bond is offering complimentary LIVE training TODAY at 12EST → join here at noon!

And now…here is a look back from the “rear view mirror” on my trading last week as well as what I’m watching for this upcoming shortened Thanksgiving week of trading.

Market Navigator has been focused on “buying the dips” as the SPY continues to push higher on the daily chart. We have approached a key $452 level of possible resistance on the daily chart but as of yet, have not been able to break it. That being said, we have not broken down either and it appears to me that there are more buyers on the dips than sellers, so staying focused on SPY calls is my personal preference. 

I closed out 5 trades this week, going 4 for 4 with 1 swing idea into next week (November 24th $448 calls.) Without much data coming early this week and with many traders closing up shop early for the Thanksgiving day off on Thursday, my hope is to see markets push higher to just continue the overall trend. 

A few KEY spots I’ll be watching on the SPY daily chart will be $452 which was the pre market high from Friday of this past week as well as the early September high. Breaking this and I’ll turn my attention to a longer term high of $457 which is my goal target for the end of November. 

You can see from the chart ABOVE that SPY has been on a very strong uptrend, betting against that for me is too risky right now so I’ll stay the trend until it’s broken or I see a better setup developing. 

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In my Atomic Trades service, which focuses on my $2k to $10k personal challenge, I’ve been really excited with the amount of big penny stock movers this fall. CYTO was up over 100% on Friday, ATRA has been on a multi day run and WLGS was also up over 75% on Friday.

While I am not catching all these big movers, the fact that we are seeing this large moves gets me excited about trading penny stocks again.

Since Atomic Trades is a service that trades both smaller priced options and penny stocks, I feel right now is a great time to be teaching and trading my strategies to potential learners like yourself. 

Going into the Thanksgiving week 🦃 I’ll be watching for continuation patterns on stocks like GOEV that I like for a possible run at mid to high $.30s, AFIB for a hook pattern off the lows and potential move toward the 20 SMA in the high $.30s and HRTX which has been a great higher high and higher low chart pattern but is also nearing some resistance around $1.05 area for me but then a possible watch toward $1.20.

I want to wish you all a Happy Thanksgiving and let you know I appreciate all your support of my Market Navigator and Atomic Trade services. 

Cheers to you!

 P.S. Here’s a few more GREAT trading resources:

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