🎯 Retail Rally: How I Predicted TGT’s Double-Digit Surge 📈

[Image] 🎯 Retail Rally: How I Predicted TGT’s Double-Digit Surge 📈 On Tuesday, I told you that there was a good chance that Target Inc. (NYSE: TGT) would soar following its earnings report. And sure enough … I was right. TGT jumped more than 17% yesterday, from $110.79 to over $130. Meanwhile, the 11/17/23 $130 calls were up a staggering 838% at the time of writing. You’re probably wondering how I predicted such a remarkable move. But you don’t need to wonder any longer. Keep reading and I’ll show you… It’s All About The Big Picture I’ve said it before and I’ll say it again — trading is all about understanding the big picture. And going into this week of retail earnings, the big picture for retail stores was looking bleak. This year, we’ve heard story after story about retail theft affecting the earnings of big box stores like TGT and Walmart Inc. (NYSE: WMT). While this is a major negative factor affecting these companies, it’s not as bad as the charts were suggesting going into this week. Here’s the thing… The market tends to continually punish companies that are facing mid-term headwinds. When a stock goes out of favor with institutions, the share price gets obliterated. But sometimes, this is an overreaction — which is exactly what happened with TGT. I knew that retail stores were in a less-than-ideal environment for their business model, but they didn’t deserve to be as sold-off as they had been before this week. TGT stood out to me as a prime candidate to break out of its downtrend because the chart was way oversold. I knew that even mildly positive earnings could send the stock surging simply due to the big picture of the chart. This is what the TGT daily chart looked like heading into yesterday’s earnings report: TGT YTD daily chart from Tuesday, November 14 — courtesy of [StocksToTrade.com]( It may seem counterintuitive to be bullish on such a terrible-looking chart, but this is one of the things that separates the world’s greatest traders from the 90% who fail… Great traders see the big picture, beyond the ticks and candles in the chart, and form a plan to take advantage of it. Now, look at what happened to the TGT chart yesterday… TGT YTD daily chart from Wednesday, November 15 — courtesy of [StocksToTrade.com]( Let’s dive further into how I predicted this… ‘Full Ponzi Bull Mode’ (And What It Means for Your Trading) When the stock market goes ‘full ponzi bull mode,’ as I like to call it, Wall Street looks for the worst names to rally the hardest. The quality growth stocks — like ‘The Magnificent Seven’ — start slowing down, even fading, as the oversold companies start ripping to the upside. I’ve seen this happen so many times over my 25-year trading career — I know the big picture when I see it. This is why I loved TGT for this earnings play, it checked all of these boxes. That said, if you didn’t make this trade yesterday, don’t chase this retail strength further. These kinds of reversal swings are usually short-lived, often single-day surges. And playing these moves is an example of contrarian trading — taking positions that go against prevailing market sentiment. If you believe that the market has overreacted to news or events, leading to mispriced stocks, you can potentially exploit that to your advantage. You can do try to do this by buying stocks (or calls) when they are out of favor and selling (or buying puts) when they are overly hyped… …which is exactly what I suggested doing with TGT. I want you to start relying on your analysis, research, and judgment to identify opportunities that others may have overlooked. Do that and you just might discover the next 17% single-day earnings surge entirely on your own. WARNING: If you’re only following the market trend, you’ll eventually get caught at the end of the pattern and lose money. If a stock is overbought, consider short plays. And if a stock is oversold (like TGT), don’t sleep on calls. Avoid ignoring the other side of the trade. Some of the greatest trades of all time have been contrarian in nature. Closing Thoughts If you missed this TGT trade, don’t beat yourself up. Earnings plays are always risky. They don’t fit into everyone’s risk tolerance. Remember that trading opportunities are like buses — there’s always another one coming. And knowing this, you should take to heart what I’ve taught you today and consider how you can try to identify similar setups in the future. As always… Stay Street Smart, Jeff Zananiri P.S. INSIDER ACTIVITY ALERT! Ben Sturgill just caught wind of some ‘smart money’ insiders building a massive position… Even better, Ben’s hosting a live briefing TOMORROW, November 17 at 8 a.m. EST to show you how you can start using ‘smart money’ signals to find great trade ideas with explosive potential! What are you waiting for?! [Click here to RESERVE YOUR SPOT NOW!](   66 West Flagler Street STE 900 Miami, Florida 33130 United States [Facebook]( [Twitter]( [Instagram]( [YouTube]( [Click Here to Unsubscribe]( **Our gurus teach skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. Remember, there are risks involved with investing, including the potential loss of money. 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