The Shake Down

Hope you had a Happy Thanksgiving folks.

On this holiday shortened week, we continued the hyper uptrend as markets were strong all week. Not much to comment at this point but stick to the relative strength as there is still a ton of underlying choppiness within stocks. Staying long and sticking to game plans has gotten you paid thus far, no sense in changing anything up just yet.

Trade of the Week: NKE Long

NKE has been trying to break this $60 level for nearly two years. Finally, it's giving us a super tight bull flag on the daily chart. I want to see big volume take out the $59.50 area first, then eventually blast through the massive size sitting at $60. 

Trigger: $59.50

Stop: $58.89/58.49

Target: $63-65+

Be on the lookout for our newest handbook Taking Profits coming out 12/6 

Hope to see you in the chat Monday!