With indexes currently overbought, I’m still waiting on a pullback.

But in the meantime, there’s a solid chart I’m looking to trade on.

This one could be especially potent as Black Friday looms.

Click the image below to get this week’s trade.

YOUR ACTION PLAN

Target (NYSE: TGT) has a great 78-minute chart and just had a big earnings beat. With the holiday shopping season ramping up, I’d like to buy the December 29 $130 calls. I’ll target a move toward $140, and I’ll stop out of the trade if TGT closes below the $125 area.

(Click to enlarge)

If you want to see how I trade more post-earnings surges in real time, I recommend joining me in Profit Surge Trader. That’s where you’ll see how I trade ONE TICKER in real time over and over again for maximum potential profits.

Click here to unlock “One Ticker Payouts.”

P.S. I love answering your questions. It’s the best and most rewarding part of my gig. If you have a ticker or chart you want me to break down – or just a general trading question – please email me at feedback@monumenttradersalliance.com. I’ll let you know my thoughts on a few submissions in a future video.

TESTIMONIAL TUESDAY

“Shop BTO 2 at $0.50 STC $0.72 net +$42.68 [in less than one trading day] Thanks NateB.”
– CalS

“I closed the 1 shares/contracts I opened at $102.34 for $61.66. +40% in 3 weeks, thanks Karim! Trade was closed 11-09-23 with CARR: $51.18/share.”
– Robert D5

“I closed the 1 Shares/Contracts I opened [on CSCO] at $2.40 for $5.61. STC Strangle at $5.61, good for 134% overnight gain. Thank You Bryan B!!!”
– BoomerMC