I did an entire members blog post on the aerospace and defense sector and what I was looking at when it comes to the charts and multiple squeezes across the biggest names in the AeroSpace and Defense sector. The same set-up happened in the financial sector in January 2018 and again recently in Oil Stocks. Look at the squeezes when on XLE and the top 10 oil names inside. Notice how most all of them have already fired long. (New members receive this custom squeeze indicator)
When this is the case we like to look at those sectors ETF's and the top 10 holdings. You can choose to trade XLE, Oil Futures (we've been long since $65) or some of the top 10 names in XLE. Click to download our XLE Watchlist for Think or Swim. This has the top 10 names inside the ETF. The knowledge of our traders inside our community knows how to trade the ETF (I signaled XLE long calls) or to look at the individual names inside the ETF and which one has the best looking chart. A few names popped out and several of our traders including Devon took Valero Energy Corp (symbol:VLO). Let's take a look at the chart below.
Do you see an opportunity here?
What do you see when you are looking at this chart? We see an opportunity! Let's break it down a few charts at a time.
Plan the trade. Trade the plan.
From start to finish we have to plan our trade and trade our plan.
The chart setup is there so let's continue with out plan.
Here is another trader that has started scaling out who purchased these calls at $1.55 and has 1 runner left. That's a 200% return if you can't read it. Another oil name, this trader is up 100%. Remind me again of the gains you're getting with penny stocks? Great trade by everyone in the room. I love this group of traders and so will you!
**UPDATE April 16, 2018**
We have hit the target area on this chart. See below!
**UPDATE April 18, 2018**
VLO hit $108. We had a trader buy his options at $40 and sell for $200.
I want to throw in a quick look at NFLX before I tell you why you should join today. It's earnings season and we have had some great earnings plays in Q1. One trader was up $28k in that time. We've already jumped on Q2 earnings and it started off with Netflix. Some said to short it as it couldn't break $300. We didn't believe it because again, we saw an opportunity. In two days, Netflix went from $304 to $317. Most of us bought in on April 2. Look up the price on that day and only our members know why we bought when we did! If you missed that we bought more at $300. You do not want to miss out on this earnings season. The big names are in play and there's still time.
Why you should join today?
JOIN TODAY! Chat rooms are great for learning tactics. Having a chat room helped me with was the mental side of the game. Being able to talk to other traders whether as a whole or in private. When emotions get involved, we end up doing a lot of stupid things. Trading alongside Professionals everyday can help that. You’ll find people that you’ll begin to respect. You’ll see various techniques and can apply them to your trading style. You can emulate those that you like or share your style if you can make it easier for others to understand. I told our chat community yesterday that several new things are coming from a new platform to automated trading. Only those within our community will be able to get access to this first. We take care of each other in there. No egos, no one guru and we want everyone to succeed. Our motto is "TEAM WORK MAKES THE DREAM WORK". We’re going to have TONS of traders and a huuuggge, interactive group of smart traders…
AND WE WANT YOU!
Here’s what you get: