Over the last two weeks, as not one but two different Covid-19 vaccine candidates have reported incredible efficacy that few could have even dared to hope for so quickly, the market has turned its bullish stance into hyper drive.
Yesterday, I made an appearance on Fox Business’ Varney & Co. to discuss the stampede of bulls we’re seeing towards the end of this year and whether or not that momentum is likely to carry over into the new year.
Obviously getting more and more of the population inoculated against Covid-19 will do wonders for the economy and market in 2021, but that’s not the only reason I’m bullish as we put 2020 in the rearview mirror.
Check out the recording below to learn what else is going to continue to drive markets up. I’ll also show you why Walmart Inc. (WMT) is one of my favorite buys right now.
Click below to watch…
For a short-term swing trade, the WMT chart is showing me a great setup for a 2:1 reward-to-risk ratio:
I’d recommend a buy between $150 and $152.50. Set your stop loss just below $146 and take profits at $161.
For those looking for an option play, you could consider purchasing the December 18, 2020 $155 strike calls and use a stop loss at 50% of premium paid, taking profits at either 100% (more aggressive) or 75% (slightly less aggressive).
But this is far from the only profit opportunity heading into the new year. In fact, Shah Gilani, the man Varney refers to as “the man who calls it all” – including the death of retail, the rise of e-commerce, election swings, European market upheaval, and more – is making a new bold prediction. He’s showing folks just like you how to profit from what could be a massive $353 billion event within the next 18 months. Want to know more? All you have to do is click right here.
Great trading and God bless you,
D.R. Barton, Jr.