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Todays Big Stock Wealthpop News

Why This Could Be The Set Up Of The Week


Today’s stock, Hilton Worldwide Holdings Inc. (HLT) is a great example of finding a stock that has relative weakness in a strong market. This is almost always a clear sign of a possible short play.

As you can see in the video, while the market has pressed higher and higher over these past several weeks, HLT has remained somewhat weak and in the best case, has just kind of consolidated. You may see higher highs on the chart as well, so this could lend some credence to the fact that the trend is still moving upward. However, this 135-140 area is worth a watch.

Any failure to hold this area should imply lower prices, at the very least, in the short term. Investors could use this area to gauge whether or not a larger sell off is in play. Now, to make things a bit more interesting, you’d want to see what this stock does compared to the overall market.

A relatively weak stock is highly susceptible to a reversal in the market. More importantly, is to see what this stock does if the rally continues. If the divergence continues, I would keep this stock on your watchlist for a possible short play.

Learn to find these levels for yourself when you join The Profit Machine. There, you’ll learn all about my favorite stocks, setups, strategies, and plenty more. You’ll also be invited to weekly webinars where I answer questions and go over important trading lessons, like the one in today’s article. The best part, you’ll also receive live trade alerts. Not only will you get a world-class education, but you’ll earn while you learn.

Get a jump start on your options education and put yourself in position to win in 2023. Sign up today! Until then…

Good Luck With Your Trading!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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