Did you cash in on this oil dip buy?
Editor’s Note: The day is almost here.
Tomorrow we have a big event going on at Monument Traders LIVE.
Bryan Bottarelli and Karim Rahemtulla will be going live to help you prepare for a potential bombshell data release.
On Friday, Sept. 6, new employment data will be released that could rock the entire markets, and we’re going to show you exactly how we’re playing it this Thursday.
Last time an event like this happened, a unique trade could have led to a max gain of 135.39% overnight!
And we believe this next one could be even bigger.
Click here to get on the guest list for our FREE Bombshell Jobs Report Live Event on Thursday.
-Ryan Fitzwater, Publisher
Last Friday I wrote about Chevron as a dip buy play in the Wake-Up Watchlist.
As you’ll see in the chart below, the company was nearing its $140 support level last week.
According to my research, the $140 level is when to expect a bounce in this particular stock.
And on Monday, we got that bounce.
As you’ll see in the chart above, CVX took off from its support early Monday morning.
And shortly after the market opened, I got positioned on Chevron in The War Room.
Then after we got our move, I closed the trade for a 22% winner in a little over an hour.
That’s the power of finding a historical trend and capitalizing at the right time.
So I must ask you…
Did you cash-in on this trade opportunity I mentioned last week?
Several of our War Room members did.
Here’s what a few of them had to say about this CVX trade.
Watching our members ring the register is one of the many reasons I love The War Room community.
And with several companies reporting earnings this week, I have another watchlist candidate to show you today.
The company I’m looking at is TJX Companies, Inc. (TJX).
TJX reports earnings today, and earnings announcements tend to ignite the biggest one-day moves on stocks – up or down.
But the truth is… nobody knows if a stock is going to go up or down before earnings.
Which is why I like to use my “overnight strangle” trading strategy.
This approach allows me to potentially profit off a big earnings move while also avoiding risk.
Here’s how an overnight strangle has the potential to make you a profit…
As long as your strangle trade stock moves ABOVE or BELOW your break-even price or the cost of entering the entire strangle, your strangle trade will be profitable.
You might be wondering how a strangle trade can lose money…
That’s simple. If the stock that you think is going to make a big move remains flat… or does not move higher or low enough – then your strangle trade will lose money.
But that’s the key takeaway of my Overnight Earnings Strategy…
To avoid the risk of a stock NOT making a big move… I enter into these strangle positions a day BEFORE a stock is set to make an earnings announcement.
Action Plan: Overnight strangles are my bread-and-butter strategy for potential big winners in The War Room, and as you read this, TJX should be releasing earnings.
