Stocks To Buy This November! (2023)
A+ Setups to watch for the month of November. If you are looking to trade options, shares or for small accounts, we got you covered! Sign up for the free trial for our exclusive play!
Economic Calendar
Fed chair Powell is speaking this week on Wednesday and Thursday. We have inflation numbers next week on Tuesday and Wednesday. Expect volatility these days especially if you are holding options. And as always news over the technical analysis. Even if the SPY chart looks amazing we can have some news that just knocks the stock to the downside.
S&P 500 - Market Sentiment Bullish
SPY 0.00%↑ downtrend breakout on the daily and weekly timeframe. Historically the overall market is bullish through November and December which leads us to the Holidays with higher consumer spending and consumer confidence in the economy.
QQQ - Tech Stocks Are Looking Hot!
QQQ 0.00%↑ breaking downtrend + a cup handle breakout is extremally bullish on the weekly timeframe. Tech is looking amazing.
Apple - 1-2 Month Out Call Options
AAPL 0.00%↑ falling wedge breakout on the daily and weekly timeframe. This is going to be a play on call options with 1-2 months out expiration. The chart is looking absolutely perfect with a solid A+ setup. a close above 178 is going to push us to 200+ through the Holidays. Great option play for the Holidays!
PayPal - Shares Play 100% Gainer
PYPL 0.00%↑ sitting at a yearly low with a falling wedge setup on the monthly timeframe. This is going to be a play on shares with our risk to reward ratio of -15% to 113%. The risk to reward is amazing, making it a solid hold through the Holidays especially if the overall market runs, PayPal will also run.
Macy’s - $12 Stock, Play for Holidays
M 0.00%↑ is a incredible one since we have the Holidays coming up. We are sitting at a 3-decade low since 1992. Historically this is the best opportunity to buy into Macy’s. We can expect high consumer confidence for retail stores like Macy’s because of the Holidays. On the weekly and daily timeframe we have a falling wedge setup. A close above $13 on the daily/weekly timeframe is going to psychologically show us that we have broken the trend to the upside. The risk to reward is amazing with the stock sitting under $13 making it a great play for small accounts that do not want to risk on options. The upside potential is +106%. I will be looking to sell-off my position around New Year’s time.
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