Ideal set up for this stock right now

To the untrained eye, it would seem that the U.S. equity market should be on its way to the next bull market. I mean, with the S&P 500 already gaining 9% at its highest 2023 close on Feb 2nd, the Fed reducing the relatively large trend of rate hikes to just 0.25% last week (the smallest rate hike since March 2022), inflation showing signs of stabilizing, and “JPow” even saying the magic word “disinflation,” you’d think there are a number of favorable tailwinds at the market’s back, right? Folks, after building RagingBull to what it is today, through 20+ years of dynamic market environments, I can tell you that the market never makes it easy for us. Sure, these are all favorable conditions. But, don’t forget…the market forecasts roughly six months ahead. Therefore, you can be certain that all these factors were already priced in at the February highs, which is when Wall Street’s BIGGEST players were dumping their shares on unprepared retail traders. They weren’t dumping on me and my [Bullseye Unlimited]( members, though! That’s because I have learned to look beneath the hood at what’s really going on when everyone is bullish like they were several weeks ago. And what I saw a few weeks back were excessively high valuations and extreme levels of greed. That greed can be seen on the chart of the Equity Put/Call ratio below. You can see that when this ratio (Puts divided by Calls) is at bottoms, it means that Call buying (bullishness) far exceeds Put buying (bearishness). Note that at the most recent trough in this indicator momentum had become so overdone that there weren’t enough bulls left to drive the rally higher…and now we are seeing the sentiment in the market come back to equilibrium. Since you already follow my Weekly Bullseye trade ideas, you know I was bearish about the overall market coming into last week. Sure, I got off to a rough start with my initial QQQ Puts (short position), but that’s what often happens when training in the real world (don’t let anyone tell you differently). THE KEY, however, is that I got out of my initial position quickly last Tuesday with a small loss. I didn’t like it, but I took the loss. 🐯But then, I waited like a tiger in the jungle stalking its prey… …and when things were shaping up for a better entry again on Thursday, I told Bullseye members my updated plan (make sure you grab that app on your phone!). Of course, I sent everyone my alert before I got back into this trade on Thursday… I was really happy because I got some revenge on a trade that beat me earlier in the week.  I actually made all of my money back on the trade that I lost on Tuesday, but I rolled the dice overnight to shoot for an even bigger win since I saw little risk of the market jumping higher overnight. 💥💥💥And…Baaaammmm! 💥💥💥 Friday morning, I was thrilled to tell everyone that I was going to sell half of my trade for over 100% profit… I did this so that I can let the trade ride out longer, but I took all of my risk off the table. At this point, I am playing with “house money,” and I can’t lose on the second piece of the trade. After doing this for many years, I can tell you one thing – I always bounce back! And now I am back with a vengeance this week, ready with a brand new list of short ideas. Just click [here]( to see what big ideas I’m looking at trading EVERY DAY this week. There are so many opportunities out there right now. I have been waiting for a few weeks to get a pullback for some of my top ideas, and this is likely going to be it! One of those top ideas on my list is TOST, as it nears a test of MAJOR support at the 200-DMA, the 2022 lows, and the bottom of my CUSTOM Keltner Band tool. I could make this trade at anytime. If you are a Bullseye Unlimited member, keep and eye on your inbox and also app alerts. Right now, though, this is a special week to focus on the short side because we’ll get a glimpse into what JPow and the rest of the FOMC committee members were really thinking at their last meeting with the release of the FOMC minutes on Wednesday. As an existing Bullseye member, I’m rewarding you with this [RIDICULOUS 40% discount]( to upgrade to [Bullseye Unlimited]( – there simply is no better time for you to make the move to become a more nimble, more prepared trader. ***This pricing will not last long, so you must act NOW*** I urge you to [learn more here]( or call our VIP Team to find out more at [800-585-4488](tel:/%20+800-585-4488). Contact my team and see if there are any additional credits you can claim right now. We’re here to help you have the best year ever – let’s do it together! To YOUR Success! 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