One of our favorite setups occurs when a stock breaks a key level, fails to follow through, and then reverses sharply in the opposite direction.
These patterns are known as “shakeouts”, and the best ones set the stage for powerful breakouts.
It is no surprise these shake n’ go setups have earned us the quickest doubles. They’ve also delivered some of our best trades in 2024.
When we notice something working, we keep doing it.
This week, we saw a lot of breakdowns failing, and shaking traders out before ripping higher. We jumped on the opportunity and put a new trade on the Regional Banks ETF $KRE.
After hitting fresh two-month lows Friday, it’s reversed higher and trapped the bears this week.
The bounce is resulting in a textbook “scoop n’ score” setup—just as momentum is shifting in our favor. The best trades start working right away like this.
Here's the recording and the chartbook from the second Breakout Multiplier Mastermind class, where we break down our tactical options strategy based on momentum.
Here's the replay and chartbook from the December 27 Weekly Strategy Session. We made this week's video a recording rather than a live session due to holiday travel. I expect to be back to the regular schedule next week.
Be sure to join us Thursday at 11 am ET and maximize your return potential.
Here's the replay and chartbook from the December 19 livestream. Note that we talk strategy every Thursday at 11 a.m. ET, and I answer questions in the chat room.
Be sure to join us and maximize your return potential.