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If you’ve followed me long enough, you know I pay a lot of attention to the market’s seasonal patterns.

For that reason, I have been fully aware of the risk that markets will be turbulent during the early days of March. 

From where am I gaining this insight?

Well, it’s from tried-and-true seasonal charts like this one, which show that the S&P 500’s average performance during the 1st half of March tends to be quite choppy.

That’s why two of the most recent long ideas I’ve given to members of my services are stocks that are already in strong uptrends and preparing to break above bullish patterns. 

Before I show you these ideas, I’ve gotta tell you, I think we’re onto something BIG here at RagingBull.

I mean, can you honestly tell me that you enjoy listening to the same financial TV show where guests try to convince you to buy stocks that they already own and where one of the hosts is over-the-hill acting like he needs his Depends diaper changed?

Well, that’s why I want to invite you to join me every week for the most exciting live trading sessions I’ve ever done: “0DTE”, every Thursday at 12:30 ET.

This week’s 0-DTE session did not disappoint! I joined RagingBull’s own Ben Sturgill and we had an absolute ball with the comedy material provided by the Speaker of the House at the State of the Union speech the other night. 

But that was just the warmup.

From there, we spend the rest of the session walking members through everything they need to know about a trading strategy known as 0-DTE (zero days to expiration).

If you like trades that require little capital and have the potential to deliver impressive returns in just one trading session, you need to check us out!

Ok, now come with me and we’ll cover the details of the two recent bullish pattern breakouts I’m following into next week.

 

Anthem Inc. (ANTM) is breaking out and The Allstate Corporation (ALL) does not look to be far behind!

Folks, one of the easiest ways to avoid broad market turbulence similar to what we witnessed this past week is to only trade stocks that are trending.

In my Friday morning alert to members, I highlighted imminent breakouts in both ALL and ANTM.

For ANTM, there is an Ascending Triangle that is forming at the top of the trading range as a daily TTM Squeeze is in progress and as the RSI momentum indicator is gaining, telling me the buyers are in control at these levels.

As of this Friday afternoon writing, the stock is breaking above this pattern, which could mark the start of a runup to earnings on 04/20. 

As a trade plan, I want to only buy above the horizontal resistance line on a breakout!

In other words, I want the stock to show strength before committing to the trade.

I’ll use a target ladder of $482.58, $497.70, then $513. 

I’ll express my bullish view by buying 14 APR $460 calls

Then in ALL, I see the stock forming a Cup and Handle pattern (even though it is a messy one) and pushing against the descending resistance level of this pattern.

The daily TTM Squeeze is firing, with positive momentum at this time.

Here, too, I want to see a shift back positive to confirm the breakout higher.

As a trade plan, I want to only buy above pattern resistance on a breakout!

If this occurs, my target will be $148.

I’ll express my bullish view by buying 17 Jun $120 calls.

 

To YOUR Success!

Author:
Jeff Bishop

One of the best traders anywhere, over the past 20 years Jeff’s made multi-millions trading stocks, ETFs, and options. He is renowned as an incredible trader with a deep insight and a sensitive pulse on the markets and the economy. Jeff Bishop is CEO and Co-Founder of RagingBull.com.

Even greater than his prowess as a trader is his skill and passion in teaching others how to trade and rake in profits while managing risk.

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