November 2023 Stock Pick Analysis: Time to Short These 2 Stocks Till You Drop?

Table of Contents


All articles are for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade or investments.


All articles are for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade or investments.

Table of Contents

This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.

Are you starting to feel the holidays?

The festive lights and decorations are up along Orchard Road and other places of attraction.

As we stroll into the festive season, your shopping trips could well be paid for by the stock market.

Shall we first have a look at the 2 stocks mentioned last month: BCE and Vail Resorts?

I’ve identified 2 stocks that you may want to short, so let’s dive right in!


Best Buy (NYSE: BBY)


Best Buy logo



1. About the Company 

Founded in 1966, Best Buy began as a sound company.

The company grew quickly through acquisitions and sharp business acumen.

Best Buy introduced the concept of a superstore and quickly became the second-largest consumer electronics retailer in the US.

The company has since expanded overseas and is one of the most recognizable brands in the retail world.

Is this dominance reflected in its price chart?

Let’s discover this together in the next section.


2. Position Trading (Daily)

Chart of Best Buy

One look at the chart of Best Buy above, you can tell that the market is pretty bearish on its stock.

This can be inferred from the number of red candles (solid and outlined).

Having established this, you’ll want to look for opportunities to short its shares.

Yes, there’s no need to use any technical tools such as support and resistance!

All you need are the 2 major indicators that are on the chart – red arrow and the Trend Impulse Factor indicator.

Do you see a red arrow above the latest candle of Best Buy?

The sight of a red arrow indicates the start of a bearish move.

Next, I’d like you to focus on the bar of the Trend Impulse Factor indicator.

If it’s in dark green, it suggests that this bearish momentum is likely to be sustained, giving you a stronger conviction to short this stock.

However, the bar of the Trend Impulse Factor isn’t dark green in color yet, so you’ll want to wait before shorting this stock.


PNC Financial Services (NYSE: PNC)

PNC Financial Services logo



1. About the Company 

PNC Financial Services has its roots traced back to 1804.

The bank has weathered a number of financial storms and sought growth through mergers and acquisitions.

Today, PNC Financial Services is the world’s 45th largest bank by market capitalization.

Is there a position trading opportunity?

Let’s find out in the next section.


2. Position Trading (Daily)

Chart of PNC Financial Services

Looking at its chart, can you tell that it’s in a downtrend?

Therefore, you’ll want to be looking out for shorting opportunities.

Once again, let’s pay close attention to the 2 main indicators – the red arrow and the Trend Impulse Factor indicator.

Here, the red arrow is out, and the bar of the Trend Impulse Factor indicator is dark green in color.

This signifies that the shares of PNC Financial Services is very weak and that this weakness is likely to continue for some time.

Therefore, the time to short its shares is ripe!




Though both stocks are in a firm downtrend, only PNC Financial Services’ shares are ready for a short.

The shares of Best Buy require more waiting, and I believe that you will be rewarded. because the indicators are tested and proven.

Since the market is quite volatile and can be unpredictable, I strongly encourage you to place a stop loss to protect your trading capital. Your mental well-being will be protected too.

Trading stocks without a proper system can be highly risky. This is why TGPS was created. The indicators will help you determine if a stock is ready for action to be taken. You won’t have to feel in the dark and make wild guesses.

What are your thoughts?

Share your thoughts with me below!


1 Simple Strategy To Reap Explosive Profits This Year (2023):

2022 by far has been one of the toughest years to trade in the past 5 years.

Lots of Singaporeans who dabble in trading or investments have suffered badly this year.

From inflation, interest rates, Ukraine war, financial tensions between US & China, and most recently, the dramatic crypto meltdown…

We’ve seen nothing short of constant volatility and a persistently declining stock market this year.

Many people I know have incurred 5 to even 6 figures losses and others are holding on to 20-80% unrealized losses.

It’s unfortunate to see that the goals of becoming financially independent to provide better lives for their family have turned into losses for many.

Yet, as a matter of fact, all these losses could have been easily prevented and turned into profits instead if these people had the right knowledge.

Having the right knowledge, and having a tested and proven methodology for trading strong stocks

– This is exactly what helped me and over 5000+ of my students to end the year with decent gains in our portfolio despite the odds stacked against our favor.

Within our SMT community, we use a really simple yet powerful 3-step system that allows us to identify and capitalize on strong stocks.

This is why even amidst the poor performing market this year, we are still able to extract extensive profits from the market – by identifying ‘hidden gem’ opportunities.

And if we are able to reap decent gains in such a bad market this year, think about how immense the profit potential would be like in 2023…

Especially when the market is poised to trend stronger upwards in 2023 and the number of opportunities would be greater than ever.

With that said, it is extremely important to know what to do and how to best take advantage of the markets in 2023 while maintaining a really low risk.

I will be sharing about the ONE strategy you’ll ever need to know to reap maximum profits in the market in my upcoming LIVE training (100% free).

This training will be nothing like you’ve seen before.

I will hold nothing back to reveal my exact game plan and strategy to skyrocket your portfolio in 2023.

Register now here before seats are capped out.

I will show you the full process from identifying winning stocks all the way to executing the trade, and how it can be done in just 15 minutes.

I will also be opening up questions to the floor where you can ask me to analyze ANY stock of your choice,

The biggest gains are not made during an ongoing bull market, but from the preparation before the bull market even happens.

There is no better time than now to be introduced into the world of profitable stock trading.

After all, what excuse do you have to not pick up the skill to capitalize on this impending huge opportunity at this very moment?

I’ll see you real soon!

Click HERE to register your seat before we hit full capacity!


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Eric Lim

Having being coached in trading and in many aspects of life, Eric is a firm believer of success being the result of having a strong foundation. Hardwork, dedication, and practice are essential ingredients. He's always fascinated by the stock market and enjoys sharing his knowledge and discovery of the markets as a form of giving back to society. Swing and position trading are his favorite trading strategies.

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