Photo by: Michael Siluk/UCG/Universal Images Group via Getty Images
November is usually strong in months that are two years past an election. Here is how the month of November breaks down in terms of the odds of a higher market from 4 views:
All Novembers: 58.8%
Election Year +2: 60.3%
Decennial Pattern: 69.2%
Both Election and Decennial Pattern: 66.7%
Dollar Tree was recommended in these posts earlier in the year and has performed well. The stock is currently number one in the NASDAQ 100 relative strength and cycle scan. The stock has risen in the month of November 74% of the time over the last 27 years. The chart of monthly expected return is depicted below. Relative strength has been rising for the last year. Daily and weekly momentum are bullish.
DLTR Monthly Chart
November is the strongest month to hold these shares.
DLTR Daily Graph
The stock is likely to rise to the $177-$180 area.
Source: https://www.forbes.com/sites/greatspeculations/2022/11/02/stocks-this-week-buy-dollar-tree-stores/