We are still watching our USO trade and another solid set up came across our scans that looks like a nice opportunity to get in on a move with some momentum. If you have ever suffered fomo after watching a clear reversal and not pulling the trigger, here is great way to ease that pain with a win.

The momentum can start to build when a ticker finds support and keeps making higher highs and higher lows. This ticker has been on a climb and just had a small pullback that offers a great entry. This is a play that I have seen Blane Markham use with great success. (BTW he is going to be walking through a really interesting way to spot where money is moving later today. Here’s the link).

On this chart you can see the dip that is a great opening to get in.

WMT has been on a steady climb and has bounced back from tests of the trend. Leveraging that momentum is a great set up for a call trade. The Nov 20 110 calls are at about $4.50 and could offer a nice income trade. We are going to be following up on this one.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily