There's no doubt that Target (TGT) has been one of the hottest stocks of the year capping off the year with a move to a record high of $125.32, gaining over +12% on the day. Target has gained +67% on the year. The question is, have you been in on this historic run? As a MarketClub member, did you use the monthly Trade Triangles to enter the Target trade?
Today I'm going to use Target (TGT) as an example of how you can use the monthly Trade Triangles to capture long-term profits while making minimum trades and letting your money do the work for you.
There were a total of seven trades dating back to 2/23/2012, 5 winning trades and two losing trades resulting in a profit of +$74.43 a share.
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First, let's review the rules for trading the Monthly Trade Triangles.
Hello traders everywhere. Target Corporation (TGT) posted its strongest sales growth in more than a decade posting a 6.5% increase in the second quarter of this year, and the stock price jumped more than 5% in early trading. As my headline states, the Trade Triangles hit the target when it came to Target. A green monthly Trade Triangle was issued a little over a year ago at the $58.65 and with Target trading at $87.44 that's a +48% increase!
Now I'm not going to lie to you and say that I took this trade and made a significant profit, cause I didn't. I remember looking at the Trade Triangle list as I do every day and I saw Target on the list, and I passed on it. At that time I was of the thinking that brick and mortar retail just didn't fit into my trading thoughts as it was struggling. This is indeed a lesson in not overlooking a market because of how you feel about a particular sector.
We finally got the record high from the S&P 500 that we've been waiting for with it hitting an all-time high of $2,873.23 before backing off that high and eeking out a +.2% gain on the day. Today the stock market is mixed to unchanged after hitting the record, and that's mostly due to political uneasiness surrounding President Donald Trump and a growing tariff worry as many of the imposed tariffs are starting to affect businesses.