This week has been a tough week to trade due to the choppiness and lack of direction in the market. Because many of this week’s stocks failed to hit our entry price, we have mostly remained in cash. The stocks that did trigger have not yet hit our target nor stop loss. However, we had a very nice trade in EOG shown below that hit our target today and a lot of attractive setups lining up for next week. Stay tuned!
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EOG Resourses Inc was featured in last Monday’s newsletter. We were looking for a massive move coming out of the multi-day consolidation with an entry price of $75. The stock gave us a quick fakeout to the downside and then hit our entry and shot straight up for a beautiful trade. It hit our $84 price target today for a 10-day return of 11.9%.
See below what was sent to our members last Monday at 6 am.