Black Friday Sell-Off Offers Huge Opportunity

Seemingly out of nowhere, the World Health Organization identified a more transmissible COVID-19 variant coming out of Africa and named it omicron.

In response, the major market indexes around the world sold off on a lightly traded and holiday-shortened session this past Friday.

Many feared this move represented the start of the next wave of the pandemic and responded with a “sell first, ask questions later” approach.

As traders, here’s how to best approach the trend…

Whenever there is an aggressive directional move during a thinly traded session, price reactions get exaggerated – which is exactly what I believe intensified the Black Friday sell-off.

And of course, this could lead to some great trading opportunities…

That’s what I’d like to bring to your attention today.

Right now, shares of PayPal (Nasdaq: PYPL) offer you a tremendous entry opportunity.

Here’s why…

Back in September of 2020 – and again in October of 2020 – PayPal tested $180 support and bounced back up.

That bounce extended all the way up to $310.

And right now, as you can see below, shares of PayPal are very close to testing this proven support level again.

PayPal Daily Performance

Action Plan: After hitting a high of $310 back in August, shares of PayPal are now available for 60% off. With support at $180, this just might be the closest you’ll ever get to owning one of the premier payment companies in the world at bargain-bin prices.

Monday Market Minute

  • The omicron variant has many people selling first and asking questions later. Exaggerated price reactions could lead to some great trading opportunities for us this week. Tracking.
  • Members are “learning to fish” for themselves. Although The War Room was closed for Thanksgiving, members used our overnight trading methodology to cash in on the monster moves on JWN and BBY – some hitting 100%-plus gains.
  • Investors are still unsure whether they want to buy the dip or sell the dip. We’re watching everything… There’s no rush to enter new positions. Having a light ledger helps us make the best entries.