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I expected a bounce in the market this week, and chose to express this idea by making NFLX my best stock pick for this week. In my opinion, NFLX is like an Internet Utility. Sure, people might go try out Amazon Prime or Disney Plus, but sooner or later, they’ll get back to Netflix and chill. And the fact that they have advertising coming soon will be good for their topline revenue. 

Here’s How The Bullseye Pick Looked in Subscribers’ Raging Bull Dashboard:

Bullseye pick of the week article

Here’s what happened to the options I outlined in my Bullseye Trade of The Week:

NFLX stock options graphic

Don’t miss my next favorite setup coming Monday morning! I’ve got another great trade Idea lined up. Don’t get left behind Click Here NOW! 

Here’s What Subscribers to Bullseye Trades are saying:

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I’ve got a special event coming next week. On Wednesday at 12:00pm join me live in the 360 Wall St Chat room at 0 cost. You don’t want to miss it!

Every Monday morning, I send out my best trade idea for the week before the market opens to Bullseye subscribers. After analyzing the market the week before and running through charts over the weekend, this is my favorite and most primo setup to start the week.

There’s a lot of thought that goes into the Bullseye trade of the week. I’m looking to find good trade ideas that are outliers in the market.

Here was my reasoning for the Bullseye Pick, which was sent to subscribers on Tuesday (due to public holiday) morning on Septembet 06, 2022.

This week, I am actually bullish on the market.  I think we are due for a bounce and I want to look at large cap tech names.  

This week, I plan to buy NFLX… and chill!

If you want to see me discuss it LIVE today make sure you join me and 100’s of other people in the360 chat room @ 11am EST for the Bullseye LIVE training session today!

This is the hottest trading room at Raging Bull with hundreds and hundreds of people there every day. We are opening it up to you at absolutely no cost for the remainder of summer, so make sure you check it out during the week for live trading ideas practically nonstop!

>> Bookmark this page so you have it handy:  https://app.ragingbull.com/rooms/360

Netflix – NFLX

NFLX chart

There are a lot of positive things to like about NFLX lately. It has been one of the strongest large cap tech stocks over the past couple months. 

After back-to-back disastrous earnings reports, the company is finally finding its footing and has been grinding higher from the $180 range to nearly $250 a couple of weeks ago.

I like this casual pullback to the $225 level and am going to look at an entry there.  If I am wrong, I am keeping a close below $218 as my stop on this trade.

If things go my way, I would like to see NFLX rip to over $240 in the next week or so and that would be my ideal exit for the trade.  

I am going with options that expire 3 weeks out in order to give myself more time for this trade to work out if needed.

My Trade Details:

  • NFLX Sept 23 $230 calls near $5 
  • Enter : Pullback to $225
  • Stop : Under $218
  • Target : $240 or higher

As always, I will go over my thoughts on this trade live @ 11am EST every Monday – so please join me and hundreds of others then!

To YOUR Success!

Author: Jeff Bishop

One of the best traders anywhere, over the past 20 years Jeff’s made multi-millions trading stocks, ETFs, and options. He is renowned as an incredible trader with a deep insight and a sensitive pulse on the markets and the economy. Jeff Bishop is CEO and Co-Founder of RagingBull.com.

Even greater than his prowess as a trader is his skill and passion in teaching others how to trade and rake in profits while managing risk.

The last time I was Bullish GOLD, the options I was looking at went up 50%. You can read more about that great trade idea HERE. Well, on Friday in the 360 Wall St Newsletter, we mentioned how I thought NUGT was ready for a bounce, and we got it! Here’s what happened:

NUGT chart

Now not only am I Bullish on the entire Gold Mining Sector, but I also have a hidden gem that I’m really excited about that could revolutionize the industry!

I won’t mention it’s name but today, on Tuesday September 6 at 12 PM ET, I’ll be with Chris Graebe, sitting down with this “Golden” company that is ready to disrupt the business model for Gold Miners, explorers and merchants, focusing on sustainability. 

Join us LIVE and at 0 cost in the 360 wall St Chat Room, if you haven’t done so already, sign up HERE.

Here’s what we wrote in the 360 Newsletter on Friday, and why I’m Bullish Gold!

Jeff Bishop is Looking for a Bounce in this Gold Miner’s Index

Jeff is watching the Gold Miners Index 2x Bull ETF NUGT today for a bounce. With the Hawkish Fed and Rising Interests rates, the US dollar has been strong and the price of of gold weak.

After breaking through support and being down 5 days straight, Jeff thinks this is a good spot to get in for a bounce. A small range and increased volume yesterday’s means a reversal could be beginning.

Jeff would have his stop below $23 and is looking for a move above $26 to test prior support.

Here was the result:

NUGT chart

NUGT moved right to my $26 target! CHOP! On to the next one!

Here’s what subscribers are saying:

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Total Alpha subscribers are walked through my best trade ideas such as this step by step, as I navigate the markets. Take a full month trial here for only $99

To get my best trade Ideas and learn how to trade like an Alpha, sign up today for a discounted trial. You’ll have access to my real trading portfolio, and updates to every move I make in this market.

There’s a 30-day satisfaction guarantee, so if you’re not happy, no worries, but I think you’ll love what we’re doing at Total Alpha! Click HERE to Subscribe!

Author: Jeff Bishop

One of the best traders anywhere, over the past 20 years Jeff’s made multi-millions trading stocks, ETFs, and options. He is renowned as an incredible trader with a deep insight and a sensitive pulse on the markets and the economy. Jeff Bishop is CEO and Co-Founder of RagingBull.com.

Even greater than his prowess as a trader is his skill and passion in teaching others how to trade and rake in profits while managing risk.

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CHris saying something that is censored

I’d like to introduce a new company to you today that’s looking to change up the business model for Gold mining and exploration.

I won’t mention it’s name but tomorrow, on Tuesday September 6 at 12 PM ET, I’ll be with Chris Graebe, sitting down with this “Golden” company that is ready to disrupt the business model for Gold Miners, explorers and merchants, focusing on sustainability. 

Join us LIVE and at 0 cost in the 360 wall St Chat Room, if you haven’t done so already, sign up HERE.

Gold Mining Graphic

This company works with artisanal miners and small-scale operators to aggregate purchases of gold for sale into the international markets. The company’s license enables them to buy the gold riches from the Colombian countryside at a discount while selling it at international spot prices.

By buying at a discount to the international gold price, they are able to capture a spread that leads to profits for shareholders on each batch of gold they buy and trade.

This company is trying to revolutionize the traditional approach to the gold mining industry and introduce a new opportunity to investors by being socially and financially responsible.

This company has one of the 24 gold-trading licenses in Colombia, giving them a reported competitive advantage over local operators. The company also differentiates itself by focusing on social responsibility. Their goal is to create sustainable wealth for everyone involved in the process.

  • The company reports having secured mineral rights for over 18 years with the option to renew for an additional 30-year term with no restrictions.

The company reports full support from the Colombian government and the local community for its project.

In summary, the company states that the license allows it to bypass local gold buyers, middlemen and gold-buying houses in the process of exporting gold to international gold refineries, which may give the company favorable gross margins – between 15% and 25% – and could generate rapid operational revenue and cash flow for the company. 

Join Chris Graebe and I as we sit down with the company and discuss its revolutionary business model in the commodities sector.

When: Tuesday 6th, 2022

Time: 12:00 (noon) ET

Where: 360 Wallstreet Chatroom- https://app.ragingbull.com/webinar/360

Price: No Cost

 

DISCLAIMER: To more fully understand RagingBull.com, LLC’s issuer-paid advertisement disclaimer and disclosure policy located at https://staging.ragingbull.com/paid-advertisement-disclaimer/.

Issuer-paid advertisement.:This Issuer has paid RagingBull.com, LLC (“Raging Bull”) Five-thousand in cash to run advertisements enhancing public awareness of the company. RagingBull is currently invested in this company.

Author: Jeff Bishop

One of the best traders anywhere, over the past 20 years Jeff’s made multi-millions trading stocks, ETFs, and options. He is renowned as an incredible trader with a deep insight and a sensitive pulse on the markets and the economy. Jeff Bishop is CEO and Co-Founder of RagingBull.com.

Even greater than his prowess as a trader is his skill and passion in teaching others how to trade and rake in profits while managing risk.

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