A stock can give you more than one opportunity to own it.
We spend a lot of time looking for that first breakout. The level clears, the trade starts working, and suddenly everyone wants to know whether they missed it. But a few weeks later, when the same stock pulls back.. the conversation changes. Now people want to know what’s wrong with it.
Sometimes something is wrong. Sometimes a strong stock is just digesting a strong move.
My job is to work out which one I’m looking at before putting more money into it.
That’s the purpose of our Pullback Confirmed scan. It looks for stocks with prior leadership, a longer-term trend that’s still intact, and a pullback toward support. Then it asks for evidence that price is starting to turn higher again.
I want the stock to do some of the work first. Reclaim the previous day’s high. Finish the session toward the top of its range. Give me something I can build a trade around, with a clear place where the idea stops making sense.
NEM is a good example, because it’s a position we’re already involved in.
We opened the Newmont January 15, 2027 $125 calls on August 5 at a stated entry of $5.90. The plan from the beginning was to sell half at twice our entry price. By August 12, we sold have at the double and kept the remaining half on.
That first sale recovered the original premium. The remaining calls still had value at risk, but we had given ourselves room to stay with the larger idea without leaving the entire original position on.
I walked through the theme, the entry and those early management decisions in The Anatomy of a Winning Trade. If you haven’t read it, it’s worth seeing how we built and managed the trade from the beginning.
Member tray’s screenshot from the August 25 case study, showing the January 15, 2027 $125 calls.
Now fast-forward to tonight. NEM is up about 30.1% over three months but down 3.3% over the last month. It’s back on the list for a different reason: a pullback followed by a reversal near support.
Its Trend and Relative Strength scores are both 93, while Momentum is 52. That combination matters. The longer-term strength is still there, even though short-term momentum has cooled. Today it closed above the prior day’s high and toward the top of its range.
That’s the kind of behavior I’m looking for when a leader has had time to digest its initial move and may be ready for another leg higher.
It doesn’t mean I automatically add to the calls we already own. Managing an existing position and opening a new one are two different decisions. A fresh entry still needs a price, an invalidation level and enough room to make the risk worthwhile.
But owning a position in a name that’s beginning to pull away again is always a good thing. We have the opportunity to buy more without adding additional risk into the original trade. And the original trade has months to go before we are forced to close.. opening the door for a big win.
This is the work we do inside TTI Membership: follow the stock beyond the first exciting day, understand what’s changing, and build the next decision from the chart in front of us.
Tonight, six stocks meet the Pullback Confirmed condition. Here’s what I’m paying attention to in the report.
