« A Look at Trading Picks So Far This Month »

November is shaping up to be quite a decent month as far as our market calls and trading picks are concerned, after what was quite a respectable month of October, as well. If you haven't had a chance to look at the recap of stock picks and options picks from the month of October, please find the links to the same at the end of this recap of several trading picks from the month of November so far.

We'll start with a look at Options Trading Picks and follow that with a look at stock picks:

DIA was taking a beating when we went against the herd - well, we noticed that the lower bollinger band was rising into prices and was likely to provide a bounce - and featured a Long NOV 98.00 Calls trading pick on the ETF. Support was found almost on cue and a sharp rally to the upper band took place, upon which profits of over 180% were taken 6 days later.

QQQQ had sold off in late-October, but we noticed the potential for support from the lower bollinger band and from the 40-line on RSI, not to mention the 0-line on MACD, and decided to feature an at-the-money NOV 41.00 Calls trading pick. The stock rebounded almost immediately and, six days later, we booked profits of nearly 180% when the ETF reached the level of the previous highs.

SPY was also showing a flat lower bollinger band, potential support from the 40-line on RSI and from the 0-line on MACD, when we featured a Long NOV 105 Calls pick on the underlying. A sharp rally ensued over the ensuing two and a half weeks. Profits of as much as 200-250% were available, but we hung on perhaps a little longer than we should have and the ETF slipped a little just as we were set to book profits. Nevertheless, gains of over 150% were taken, two and a half weeks into the trade.

DOW was showing bullish signals on the momentum indicators and looked set to break a bull rectangle, when we decided to feature a Long Calls trade on the underlying. The timing was perfect and the stock blasted through resistance the next day. Profits of over 100% were booked within a week of opening the trading pick.

BAC had made a false breakout to the upside of a rectangle, before slipping back towards support. The momentum indicators pointed to an imminent break of support. Rather than get too aggressive and jump into just a Long Puts trade, we decided to feature a Long Strangle that was constructed such that a bearish bias was built-in. As it turned out, the stock moved smoothly to the downside and profits of over 110% were available in less than 2 weeks; not a bad effort considering there were two legs in the options strategy that was chosen.

GS was showing a negative divergence on MACD. We chose a Long Strangle in this case as well. It was a bit of pity that we chose the more cautious route, because a Long Puts trade would certainly have brought a decent profit as the stock declined as much as 15 points over the ensuing week or two. Can't complain too much, however, since a profit of 5% was available when the trade was stopped.

MET was showing a potential head & shoulders pattern (the right shoulder was still forming) when we featured a Strangle on the underlying. The stock went on to break the neckline and follow-through a couple more points before bouncing back towards the neckline. A profit of 30% was taken on this two-legged options strategy.

And now for a look at Stock Trading Picks from the month of November, so far.

QCOM was showing a positive divergence on MACD when we featured a long stock pick on it. The buy signal kicked in shortly thereafter and a sharp rally ensued.

FAS had sold off big time - from 95 to 65 - between the highs and the lows in October. We noticed the possibility of support at a level of 65 on price and at respective levels on RSI and MACD, and featured a long stock pick on the chart. There was a bounce of as much as 10 points before profits were booked when a protective stop was triggered.

A long stock pick was featured on BGU when the ETF hit its lower bollinger band, which was flat at the time. A rally of as much as 20% took place between support and the highs two weeks later.

UYM was also testing its lower bollinger band when we initiated a long stock pick on the ETF. A rally of as much as 25% took place over the ensuing two weeks.

QLD was featured when the ETF tested support at 47 on price, the 40-line on RSI and the 0-line on MACD. The flat bollinger band was also a source of support and a bounce that soon took the ETF to new highs, ensued.

UWM was featured as a potential long stock pick, when prices tested support at 22.50. A quick move to the 20dMA took place and the trading pick was closed.

That was a look at trading picks that have been available to members of TheMarketMessenger.com, so far in the month of November. A position in virtually any of several of these trading picks would have paid for an entire year's subscription to our Swing Traders package. So why not take the opportunity to SIGN UP TODAY and take advantage of the many, many opportunities that the markets provide, whether the trend is to the upside or the downside...

Also note that an attractive SPECIAL HOLIDAY OFFER is available at the moment and you'll want to take advantage of the same before time runs out (OFFER ENDS Nov. 30th).

_____________

If you haven't had a chance to view the recap of trading picks from the month of October, please do so via the following links:

October:   Stock Picks - Options Picks