Stock Watch List for November 14, 2023

Welcome to another edition of The Daily Spotlight! We're excited to provide you with our daily stock watchlist featuring potential trading opportunities for the day.

In today's market analysis, we've identified these stocks based on our criteria. Please conduct your due diligence before making any trading decisions. Remember, the stock market is dynamic, and it's essential to stay updated on news and market trends throughout the trading day.

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Stock Pick 1: RCL

RCL - Royal Caribbean Cruises, Ltd.

If you’re still in RCL from our Nov. 2nd recommendation, it’s time to take your 14% gain. The climb is over for RCL. Now that the RSI is reachint overbough territory, a pullback is most likely in the cards.

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Stock Pick 2: AMZN

AMZN - Amazon, Inc.

We recommended AMZN on Nov 1st and it ran 7.5% from there, but the party is over. The RSI has reached overbought territory and the MACD is rolling over. AMZN should come down from here.

Stock Pick 3: AAPL

AAPL - Apple Inc

AAPL is in a descending wedge and will head down from here. It has tested resistance the last 2 trading sessions while in overbought territory. We expect AAPL to follow the charts and head lower.

Stock Pick 4: MSFT

MSFT - Microsoft Corp

You’re going to hate me for this, but there’s a theme here. MSFT shouldn’t have even made it this high, but here we are. The run is out of steam. MSFT is overbought big time and has been hanging out in the Lux Algo sell zone for a week. You can see the MACD starting to roll over and we think it’s time. We’re short on Microsoft from here.

Stock Pick 5: TSLA

TSLA - Tesla, Inc

It was hard to find something that looks like it’s headed in the right direction, but TSLA should be it. It closed out the day yesterday above the 200 day moving average along with the 9 and 20 day moving averages as well. RSI is headed up, but still has plenty of room to go. You can also see some bullish divergence coming in on the MACD, so TSLA should move up over the next few days.

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Protect Your Investments with Stop Losses:

One of the fundamental principles of successful trading is risk management, and a crucial tool in your toolkit is the use of stop losses. In the volatile world of the stock market, where prices can fluctuate rapidly, stop losses act as a safety net for your investments. By setting stop losses, you are taking control of your risk, ensuring that even in the event of unexpected downturns, you protect your capital. It's a proactive approach that can help you navigate the ups and downs of the market with confidence, providing peace of mind and enabling you to make more informed, rational decisions. Remember, the key to successful trading is not just about maximizing gains but also safeguarding against losses, and stop losses are a powerful strategy for achieving that balance.

We encourage you to share your thoughts, experiences, and feedback with us. Your insights and questions are always valued.

If you have any questions or need further information about these picks, please don't hesitate to reach out.

Happy trading, and we look forward to sharing more profitable opportunities with you in the days ahead!

Best regards,

Nic

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DISCLAIMER: Important Information Regarding Our Newsletter:

Not Financial Advice: The content provided in this newsletter is for informational purposes only and should not be considered as financial advice. The stocks mentioned here are based on our opinions and research. It is essential to conduct your research and consult with a qualified financial professional before making any investment decisions. 

Risks Involved: Investing in stocks involves substantial risk, and the value of your investments may fluctuate. You could potentially lose a significant portion or all of your invested capital. Please be aware of the risks associated with trading and investing in the stock market.

Not a Registered Investment Advisor: We are not registered investment advisors and are not authorized to provide financial advice. The information shared in this newsletter is intended for educational purposes and should not be interpreted as personalized investment guidance.

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