However as we near the election I am starting to look back into things because I am pretty confident that November is going to be lit! My watchlist is small (2 stocks) with Earnings being released in the first week or so of November along with some ETF's to watch.
NVGS: as you can see we are flagging under that neckline. This has earnings being released on the first (This coming Tuesday) so be looking for a smaller breakout on Monday with a continuation on Tuesday IF THE EARNINGS REPORT IS GOOD! Don't swing this over night.....earnings are unpredictable....thats my $0.02
ORIG: already had a nice run the other day which was a breakout, Hoping to see a continuation when earnings is released on the 10th of November (2 days after the election/should be interesting) IF THE EARNINGS REPORT IS POSITIVE.
Also just a tip when market conditions are awful like this, keep a sharp eye on popular ETF's as they tend to mimic the market which can be a good thing when the market is making big intraday swings like it is now. So here are some ETF's to look at.
Oil: DWTI, UWTI--these are oil etf's but they trade just like stocks they are inverse of each other so if you want to short one you buy the other.
Gold: JNUG, NUGT, GLD
If you want to see how I'm watching these in realtime then feel free to go to www.piercetrades.com and join our free chatroom! Along with all of our free content on the website to check out! Follow me on all of the PierceTrades Social Media which you can find the handles in the welcome message above or click on the icons at the top of our website! Thanks for checking this out!
Ya'll enjoy your weekend!
ALWAYS REMEMBER,
Stay Educated. Stay Disciplined. Stay Profitable.
JP
