Are you one of the many traders who benefitted from last week’s video where we explained what Setups provided the best opportunity to profit with so many stocks and sectors extended?
Although we also participated in the strong stocks like the SPY, QQQ, technology, semiconductors, software, FAANG, and AI-related stocks, we made more money last week in the beaten down stocks and ETFs as the broader markets consolidated their recent gains.
Master Trader Tip: When institutions have been “all in” the same leading stocks and sectors making them too extended for new long entries, opportunity often exists under the concept of “catch up,” where beaten-down stocks with bullish basing patterns break out as traders and investors use sector rotation looking for greater opportunity.
This video reviews many of the Bottoming Patterns and Climactic Buy Setups we reviewed in last week’s video, and explained how we entered and are managing with stock and options trades that we gave subscribers of our three Advisory Letters.
At Master Trader, we have several criteria to define quality setups based on the structure of the price pattern.
The Structure of the price pattern will speak to us about the relationship between buyers (demand) and sellers (supply) and the likelihood of reversals and trend continuation.
New trades with the technical setup and management updates are sent intra-day by text message to subscribers until the trade is closed.
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