≈ Don’t Bet Against the Tailwind. ≈
Consider the implications of a stock hitting record highs:
① It means there isn’t a single shareholder on the planet that isn’t making money. Not one.
② It means every poor bear who is still short the stock is underwater. What’s more, they’re currently losing more money than ever before.
③ It means everyone who previously exited the stock is wishing they didn’t.
④ It means people are willing to pay more for the stock today than has ever been paid before.
Throw these facts together, and you start to see why it’s so bullish when a stock pushes into record territory.
Chart of the Day: CME Group
CME Group made an appearance on this week’s Options Report. After basing sideways for two years, it boasts a potential bullish breakout on the daily and weekly time frame. So keep this ticker on your radar.
Video of the day: Stock and Options Position Sizing Calculator – Gino’s Gems
Coach Gino explains how he uses the Position Sizing Tool when using the Tackle Trading Trade Journal in this Gino’s Gem.
Today’s line up
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