In today's video, I'm going to be analyzing 10 stocks that look particularly interesting. Six of these stocks are in strong uptrends, while the remaining four are in various levels of transition.
Today's jobs report seems to be lending a positive short term feel in the stock market. We are at the end of the week, and I see lots of opportunities for trading the 52-week high on a Friday rules.
All you have to do is visit Smart Scan and choose 52 Week Highs, filter the results and bingo, you will have a list of target stocks to trade over the weekend.
This technique has been around for decades. I first learned the rules of this weekend approach from a trading friend of mine named Bill when I was trading in the pits in Chicago in the 80s. When Bill first told me about this technique I was skeptical. It was only after I followed these rules on paper for a while that I became a true believer. Believe me, a lot of money has been made using this technique. I made this video is a couple of years ago and nothing has changed in this trading technique, which goes to prove just how powerful this little weekend trading trick is.
Let's start looking at those 10 interesting stocks, some of which will lend themselves to the 52-week high on Friday rules.
Have a great weekend everyone!
Every success with MarketClub,