# Short the Bank (and Ignore the News)

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Hey, Ross here:

With just a few trading days left till the year’s out, here’s what I have for you today.

## **Chart of the Day**

![](https://lh6.googleusercontent.com/ShWpvcvfjP5IIlkkxsHHvsyPYmKGNMRfsEmGF1TayH0wLw0zo_TTIVpayAzFKx2l_JqrjgN0uRBNMLsoztriEHc1LYhKzY-fq2PD0-N7Uji2DI5j_rGmA70C2Xsst26UfhhjNZLoro8gZKggErjf1bGZWAwkCsPGLRehT2aa2TzqrfwQJqo3z5VA2KB_6A)

After climbing more than 40% from July to November, Cullen/Frost Bankers, Inc. (CFR) is rolling over _hard_.

The pattern we’ve been seeing for the past two months is – big down days, followed by 1–2 weeks of consolidation, then another big down day. 

A quick look at the volume bars also confirms the sellers are in control. We see big drops occurring on above-average volume, while small rallies and consolidations only happen on very low volume.

With shares now below the 200-day moving average, odds of a successful short play are even higher. And last week’s short-covering rally into the 200-day creates a low-risk entry point for a new short trade on CFR.

## **Insight of the Day**

**Trying to pick the 2023 winners now is pointless**

With 2023 just around the corner, the financial “news” media is full of articles with titles like _“Top 10 stocks analysts say to buy for a challenging 2023”_.

And while those articles may be fun to read, taking them as serious financial advice is a serious mistake. There are simply _way_ too many factors that could happen within a few months – or even weeks – that could quickly turn these so-called top stocks in bottom-of-the-barrel picks.

To me, trying to find a “perpetual” winner is a fool’s exercise. I’ve found that a much better strategy is to:

1.  Define _specific_ criteria for what makes a stock a potential winner (and why)
2.  Do the painstaking work of analyzing the market to identify those stocks
3.  Then set intelligent targets and stop losses once such a potential winner is identified

That’s exactly what I do in my flagship _Alpha Stocks_ program. I even have a specific formula I use to detect these high-potential stocks – a formula only a handful of traders know about. **[I explain everything here.](https://webinar.tradersagency.com/alpha-stocks/?tambid=17849)**

![](https://lh3.googleusercontent.com/fm50W434-mdJkPn1MJF0ac40GNyJUxDGOtvnF19_U8KfHvqFSh610PyHvvl7K_Irq8wqHPJXMRoZb9SCTwR54HyUQjPrGMwsunLvMOmdvjiCjWAEC1vn1bKRBix6UA8P1b_gprxZs0ccWcnLdM_-0kxfPaCUrCs0l8ybqZUACbegETqe7MIJQ0B9n1BlTg)

Ross Givens

Editor, Stock Surge Daily