One of the picks we have been watching this week popped up and gave us an entry signal. The other is still treading water.

As money shifted out of tech last week, bargain hunters are swooping in to grab the dip. That said, it still has not broken out of the downtrend. As money rotates it is moving to safe havens and looking for undervalued picks to grab a quick profit.

Our safe haven pick, NEM stayed mostly flat and didn’t light up an entry just yet. We are going to keep watching that chart this week.

Here is a look at our other undervalued pick that had the markings of a set up with the potential for a bigger move.

If you are looking to spot price surges before they happen, you need to know about this pattern that has a real knack for identifying them early. Here are the details.

BNY moved up very nicely and so did the options. From 4.65 when we laid eyes on this trade it is up to 4.85 today and that gives us the entry signal we wanted. We will stay dialed in to this one and take a profit as soon as we can get it.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily