Hubert Senters here.
Let’s take a look at ULTA. I’m trying to say this out loud because just a minute ago I miss and late for the video because I’m Dyslexic and both Karen and Sarah got onto me about it.
But anyway, this is ULTA. It’s probably going to go and fill this gap. You can see and put a nice little base here. It’s grooving higher so the first place I would look for to go would be to fill this open gap here that it’s got established.
Now, let’s see what else we can kind of figure out from here. It acts pretty well and the whole market is down. The Dow is up but the NASDAQ is down.
I’m just going to draw another Fib here just to confirm my thinking here from top to bottom. That makes sense. It’s going to run into some light resistance around $296 and $313 but then if you can get that it will probably close that gap and then after that it could potentially go to $347.
We’ve got a special webinar coming up over at TradeThirsty. I believe it’s Wednesday, January 15th at 7PM EST. That will be tomorrow. It’s the first month folks and half of the month is already gone.
I mean it goes by quick. It’s thanksgiving and then Christmas and then New Year and second week of January you’re trying to get your life. It’s halfway done. I need to get busy.
But anyway, this is a way that you could learn how to trade options and stocks around earnings and it’s not your normal strategy. When Dan has told me about that I was like it’s a cool strategy. Like you’re kind of tilting a strategy on it and yeah, it’s working.
Go to the webinar and let me know what you think and report back to me.
Good luck
