Week in Review: “Zooming” Into Gains

Dear — Jeff Bishop here, Yet another historic week, if measured by craze levels, is behind us.  It almost feels like things just take turns, right? Every few days a different group of names has its short, but profound moment of glory.  I mean every single day, there is a new opportunity and trend in the market. As traders, at the end of the week, it's important to review what happened and how we can improve. That said, let's quickly go over some key themes of the passing week: SPY was off to a good start, re-testing the $360s again, but so far has failed to push through. Tesla was at last added to the S&P 500, which in turn added it to the week's top performers list.  When TSLA came, it brought its friends. We now have a new MVP in town— EV stocks. Sorry, cannabis, your time is over. Small caps and low floats remain on absolute tear, continuing to make and break accounts left and right.  Needless to say, we were as busy as we can be.  There is, however, one problem at times like these— it's very easy to get caught up fighting names and trades that are loudest and crowdedest, and miss out on many easier ones. Lucky for you, I had a great example of one of those this week... With the market as strong as it is, it's the first, the correct, and the NATURAL reaction to try and get long names that are running. I don't blame you if you did, especially since you probably made a boatload of cash! But there's one area that I think a lot of people absolutely overlooked and that's where I took my shot. Over the past few months we've seen retracements in tech— the absolute undisputed heavyweight leader of the year, and the decade as well. Some of the most extended names have been pulling back, at times pulling back hard. However, with the overall market support, it's only fair to expect the still strongest if slightly crippled sector to give at least a bounce, right? This is exactly what got me looking at Zoom (ZM). I sure don't need to explain to you what the company does or why it's been so hot.  My Bullseye trade trade in ZM turned out to be a 100% win.*  Here's the chart and my thoughts I sent out earlier last month: ZM's been down a lot and quickly… I knew it would bounce, but wanted a confirmed area where I can control my risk. It took a few weeks, but the discipline finally paid off— the stock formed a double bottom, a setup I really love seeing in the bull market.  If it were to bounce, it would be now or never. So I got in and my alert went out: I could have gotten into the trade cheaper than I did. However, I waited to make sure that things weren't going to fall apart.  It wasn't part of the plan but as the day went on, shares floated higher, and my calls  were up nearly 40% before I knew it. As the stock proceeded higher, the next morning presented a dilemma: do I sell a lot higher off the open, or do I stay patient for an ever bigger win? I took the smart and easy way out— sold 60% of my calls for nearly a double, riding the rest risk-free, for a potential "black swan" event. Or, as I put it in the sell alert: With today's close over 439, my remaining calls ended up tripling, pushing my overall gain on the position to over 100%.* It was not your classic low float run, but it was quick, and more than anything it was easy...0 Get my next highest-conviction Bullseye trade of the week in your inbox on Monday.   There is no shortage of garbage and garbage people in this world. We're talking about Wall Street trash especially… The kinds of people that will do anything to get their way— even if it means cheating the honest, hard-working type out of millions. Well, to be frank, it's easier to get away with this deception when they can just disguise their enormous block trades in the dark pools. As ordinary retail traders, we barely stand a chance— unless we can find a way to track their dark pool trading activity and level the playing field. Ben Sturgill will take any opportunity he can get to level the playing field with these shady players full of lies and deception. To give you an example, he just dug up a story about a dynamic duo that might as well have worked in corner offices on Wall Street. It's worthy of its own Netflix Original— especially when you add in the SEC's review of the company they ran, calling it "a modern-day Rumpelstiltskin." Hide your firstborn and get ready to read on. Continue reading... 3 Trades that Rocked My "Work"week By Ben Sturgill of Daily Profit Machine The Pattern That Spotted NAKD By Jason Bond of Jason Bond Picks These Semis Are Hittin' the Road By JC Parets of Chart Hunter  [Trade Recap] TSLA Breaks Above $500, As Suspected By Jason Bond of Weekly Windfalls *Results presented are not typical and may vary from person to person. Please see our full disclaimer here: ragingbull.com/disclaimer RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Click Here to stop receiving emails from support@ragingbull.com Unsubscribe from all RagingBull emails DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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