11/7 Daily Market Note: Stocks Stage Longest Win Streak in 2023. Are Bulls invincible?
11/7 Premium Strategy Note: Unstoppable Rally?
Hey Folks-
Stocks are staging a remarkable melt-up across many names in my watchlists as mega caps dominate the overall market’s tone.
In this note, I’m going to discuss further names that have positive momentum, constructive tailwinds going for them fundamentally, and conservative upside targets. It is very difficult to put forth direct bullish guidance after such a large run, but in the right context, I’m going to proactively share a list of companies on an ongoing basis that I think can continue working.
Do note that much of our opinions which were most successful were issued on 10/30 at the market’s swing lows. This note contains ideas that depend on bullish continuation, and the risk here is going to be elevated. My previous list worked for both investors and traders. This list here is best used by experienced players who understand the nuances of playing bullish “continuation” as upside risk/reward still exists, but because it’s lower, should be managed more conservatively.
I will do my best to list names that I believe are in recovery mode, and are not yet overextended in their advance. Please exercise great caution as always. There will be more setups/ideas discussed once the market has a chance to rest/recharge or form some type of healthy pullback.