Mosaic Traders Hub: Trade Alert

Take partial profits on APP's 73% gain + adding a new position.

Hello Traders,

If you are holding a position in AppLovin (APP), I recommend that you sell half of the position heading into earnings this evening. The stock is up 73% since breaking out in September, and there’s no harm locking in a partial gain ahead of the company’s earnings release.

The remaining partial position will be trailed using the strategy I covered in this week’s model book study that you can review here. We will continue tracking the remaining APP position in the model portfolio.

I also have a new buy alert today. The stock market is surging higher following last night’s election results. That’s boosting several of our open positions, including the SPDR S&P Bank ETF (KBE) that’s up 11% and the Bitwise Bitcoin ETF (BITB) that’s up 8% in today’s trading session.

The strength across the market is driving another chart breakout today, which brings me to our next trade.