How We’re Getting Long After Pfizer News

[RagingBull Elite]( Dear undefined— Jeff Bishop here, Pfizer (PFE) stole the headlines yesterday on news of positive trial results— a vaccine that proved ninety percent effective. It was a great day for humanity, but an equally large boon for us as traders. The market gapped up big at the open, providing a number of opportunities to get long. Today, we’ll see if stocks can build momentum off this news. In the pre-market, we’re seeing a mixed bag in terms of gainers. We know you’re probably thirsty for information about how this PFE news will affect the market this week. And since Kyle Dennis is RagingBull’s resident biotech trading expert, we decided to open up the floor. Join Kyle for a full day of LIVE trading (9:30 AM - 4:30 PM ET) by [joining his trading room here.]( In All-Access today, we’ll also review yesterday’s biggest mover, as well as 4 stocks we’re watching for potential breakouts. [I'm an image] Many stocks from real estate sectors got a boost yesterday on the positive vaccine update. Specifically, restaurants, airlines, and REITs were on fire. Denny’s (DENN), for example, closed higher by 37%. However, despite there being a bunch of wild movers yesterday, Ashford Hospitality Trust (AHT) gets the spotlight. As the main runner yesterday, this small cap REIT closed up 228%. Shares opened at $1.8 in the am, closed at $4.73, and continued to run in the after hours session reaching the highs of $6.2. Here’s the chart: [Alternate text] The trade here was the easy part: a stock with a low float (13.7M) and high short interest (21.56%) gaps up, gets above resistance, holds VWAP, breaks the high of the day on increasing volume... The hard part was finding this stock: AHT is little known and most likely stayed under your radar yesterday. The key lesson here is the importance of having proper tools in your trading arsenal: scanners, watchlists, alerts etc. Sometimes the best trades just fall into your lap when you least expect them. Cashing in on AHT would have required spotting the momentum in the early hours of the trading day. You can learn Jason Bond’s method of scanning the market for momentum when you [grab a copy of his Momentum Hunter ebook here.]( [I'm an image] Breathe out, the dust has settled. Joe Biden is now widely recognized by the media as the next President-elect. President Trump disagrees and the legal process might still have its say, but at least for a short while it’s reasonable to assume the results are final. Though, as you’re well aware, the election wasn’t the only point of uncertainty... The pandemic might at last be close to a resolution as well! Today’s PFE/BNTX vaccine update got the market absolutely ecstatic in the early hours of trading. We know we gave back most of the gains, but in the bleed it’s important to not forget the SPY still closed over 1.2% green. Also, like many others across the board, it made a new all-time high in the process. Could this have been the top? Yes. Are we jumping short? Absolutely not. As we’ve said many times, we want the bear thesis to prove itself first. We’re in the midst of the greatest bull market and breaking out to all time highs on positive news all around. There’s zero reason to fight this trend until it breaks. Here’re some of the more interesting tickers from today that we’ll be watching very closely looking for our next dip buys: BioNTech (BNTX): - Our savior and possibly the smallest company ($21B market cap) to ever move the entire world market. - The interim Phase 3 results are just incredible— efficacy rate above 90%, far higher than the most optimistic estimates. - News aside, the stock finally broke out of 8 month long consolidation and closed right above prior resistance of $104. The key area to watch here is $98 - $100. It can serve as an area of support for potential dip-buying opportunities. [Alternate text] Aurora Cannabis (ACB), Tilray (TLRY): - Cannabis companies have been the biggest beneficiaries of the expected flip of powers in the White House. - These two have been leaders by a wide margin and we want to keep a close eye on the dips in anticipation of a full-on sector rotation. - Icing on the cake? Massive short interest in both names. These stocks can squeeze higher, so they’re on the radar. [Alternate text] [Alternate text] Chefs Warehouse (CHEF): - This one is rather unusual— the stock broke out on no particular news and responded to the general market - What caught our attention and [what allowed Jason Bond to make over $2k in it yesterday]( is the insane relative strength— while everything sold the gap, CHEF actually went higher - Only further help is the fact that it’s breaking higher out of an 8-month long consolidation while having a 17% short interest. Jason was the early bird and he’s swinging from a great price, we’ll just look for dips above 18.7. [Alternate text] Learn how the early bird gets the worm with [the reliable patterns Jason Bond uses]( to attack the market each day. [Alternate text] We polled our RagingBull co-founders on how they’re trading yesterday’s vaccine news. Here’s what they said: [I'm an image] “The vaccine news yesterday was extremely positive. But I want to decipher how ‘real’ the rally is. There’s a lot of people betting against the market, which could create a massive short-squeeze right here. That doesn’t make this sustainable. But it does make it violent. If you’re into day-trading, there are a lot of opportunities out there. Make sure to adjust your risk appropriately and avoid any massive losses.” ~ Jeff Bishop of [Total Alpha]( [I'm an image] “Adding to the positive momentum, Pfizer announced their vaccine works better than expected ... can I get a HELL YA?! I'm watching PLAY, CCL, NCLH, CHEF, and DKNG, which should all benefit from the rollout of a vaccine. What a fantastic way to start the week, guys and gals. I'm so jacked up about 2021 trading I can't contain myself. HELL YA BROTHERS AND SISTERS ... let's GO!” ~ Jason Bond of [Jason Bond Picks]( [Alternate text] [Rip Your Face Off Rally Continues, Here’s What’s On My Radar]( By Kyle Dennis of Biotech Breakouts [Alternate text]( [3 Pfizer Stock Sympathy Plays I’m Watching]( By Ben Sturgill of Daily Profit Machine [Alternate text]( [The Volatility Crush Doesn’t Mean What You Think]( By Jeff Bishop of Total Alpha [Alternate text]( [This Is When I Take My Gains]( By Jeff Williams of Penny Pro [Alternate text]( RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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