Week Ahead: Strategy for Bullishness

[RagingBull Elite]( Dear undefined— Jeff Bishop here, The market surged higher this past week in anticipation of positive stimulus news. And you guessed it, tech is back in the spotlight… for now. We saw notable performances from cloud stocks in particular. Snowflake (SNOW), Crowdstike (CRWD), and Zscaler (ZS) all caught a bounce off good earnings numbers. Traders once again have an appetite for stocks shaking up the digital world. That said, we can’t just blindly throw money at stocks this coming week and hope it sticks on overall market bullishness. We need specific setups that can allow us to gain off all-time highs… [like the “unbreakable pattern” Nate Bear is about to unveil this week.]( In today’s issue of All-Access, we’ll share a little more about what the charts are saying about the direction for the overall market... Last week, all of the main indices pushed to new all-time highs. SPY gained 1.68%, QQQ went up 2.20%, and IWM closed higher by 2.02% on the week. Here’s the daily SPY chart: Buyers are still in control and there is no reason to believe otherwise until the market trend changes. QQQ outperformed this week with some major tech stocks breaking out. Here’s the QQQ chart: The tables have turned for QQQs and now it's finally catching up with the other indices. IWM isn’t lagging behind either: As mentioned in last Sunday’s issue, QQQ might be slowly starting to catch up with IWM after around a month of underperforming. It is generally a good rule of thumb to find hot themes based on which index is outperforming: if it’s IWM, look in the small-cap land. If QQQ is stronger, watch out for tech stocks breaking out. The bottom line today is that the trend is higher and there is absolutely no reason to fight it. Right now is the time to [continue to look for the best chart setups]( and stay aggressive on the long side. However, if the market explodes higher early next week, it would be prudent to start thinking about trimming your market exposure after the run. You see, stocks and indices rarely go up or down in a straight line — they usually move in waves or legs. If this leg starts to get extended, there is a high chance of a pullback or at least a consolidation. As always, focus on the individual names with the best chart setups while keeping the big picture in mind. [Improve The Odds Of Success?]( By Jeff Bishop of RagingBull Investor [One Pattern To Use When Stocks Pull Back]( By Jason Bond of Jason Bond Picks [2 Stocks in 2 Hot Sectors]( By JC Parets of Chart Hunter [One Strategy + One Sector = All Winners in November]( By Jeff Bishop of Total Alpha 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. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. 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