The markets have been down to start 2024, and I’ve been getting a lot of questions about what that means.

People are wondering whether the Santa Claus rally is over now.

But in today’s video, I’m going over why I’m still bullish despite this early January lull.

Plus, I have a new trade setup for you that involves one of my favorite chart patterns.

Click the image below to tune in.

YOUR ACTION PLAN

As you’ll see in the chart below, PDD Holdings (Nasdaq: PDD) is an earnings winner that is consolidating post-earnings and has formed a very nice-looking daily squeeze. Right now, I’m looking to buy the February 16 $140 calls, with $153.65 being my first target price and $157.45 being my second target price.

(Click to enlarge)

Earnings winners like PDD are the foundation for my latest service, Profit Surge Trader. The truth is… earnings day is just the start of your profit potential. If you want to see how I trade just ONE TICKER over and over again for maximum potential gains after the company reports strong earnings, I recommend checking out Profit Surge Trader.

Click here to see how cutting-edge research proved that trading just one stock over and over could’ve led to gains as high as 2,614% in under 11 days.

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

“I closed the 2 Shares/Contracts [of CLF] I opened at $2.03 for $3.50. Freaking Happy New Year at 72% [in 246 trading days]. Thanks, Karim!”
– Cire S

“In [AMZN] at $2.33 and out at $2.94 = 26% in a few minutes. TY BB!!”
– Lance

“AMD: BTO 1/12 $136 calls at $4.00. STC at $5.50 [for a 37.5% gain in two trading days]. Thanks Nate!”
– LarryR