Core Viewpoint - November has been challenging for stocks, particularly AI stocks, but relative strength lines have helped identify stocks that resisted the market pullback, leading to successful swing trades [1]. Group 1: Sphere Entertainment Performance - Sphere Entertainment (SPHR) broke out from a cup base in September and maintained support at its 21-day moving average during October's volatility [2]. - On November 4, while the Nasdaq composite experienced a 2% drop, Sphere stock reacted positively to earnings, showing an upside reversal, which distinguished it from the market [3]. - Despite the market's overall weakness, Sphere's relative strength line continued to rise, prompting the decision to lock in gains after three consecutive down days [4]. Group 2: Market Dynamics and Strategy - After exiting the position, Sphere experienced further declines but later showed another upside reversal, indicating potential market traction [5]. - The recent performance of Sphere has led to increased buying activity on the SwingTrader platform, with a focus on using relative strength to identify top prospects [5]. - Sphere Entertainment's Relative Strength Rating has improved significantly, reaching an 81 rating, indicating strong market leadership [7].

Core Insights - The housing sector, particularly stocks like D.R. Horton, is gaining attention as it begins to recover, aided by anticipated interest rate cuts [2][3] - D.R. Horton stock has shown significant movement, crossing above its 200-day moving average, which is a positive indicator for potential investment [3] - The stock has experienced a pattern of sharp rises followed by mild declines, making it suitable for swing trading strategies [4][6] Company Performance - D.R. Horton stock saw a notable increase of over 5% in August, prompting the company to add to its position strategically [4] - The stock was initially entered with a half position, allowing for flexibility based on market feedback, and was later increased to a full position after further positive movement [6] - As the stock approached a 10% gain from the entry point, the company opted not to lock in profits immediately, aiming for a larger move in the housing sector [7] Trading Strategy - The first pullback to support at the 10-day line was manageable, but when the bounce weakened, the company decided to secure some profits [8] - Exiting the stock before a potential loss was crucial, allowing the company to view subsequent pullbacks as new entry opportunities [9] - A further half-position was added on October 3, indicating ongoing confidence in the stock's recovery potential [9]