Hello traders and MarketClub members everywhere! Well, here we are, a week before Christmas, and the markets have just been going crazy as we can all see. With that in mind, I want to bring to your attention five trending stocks that just had their weekly Trade Triangles kick in strengthening their longer-term bull trend.
I'll also be looking at five weekend trading opportunities. That's when I look at stocks that are making 52-week highs on Friday and hold them over the weekend and sell them on the opening of the market Tuesday morning. Now there are caveats with this type of trading, the first one is the stock must close at or close to its weekly highs. The stock cannot make a high for the day and then close at its low at closing time that would disqualify it as a weekend candidate.
I am not a big fan of trading this late in the year due to high volatility and low volume. However, if you feel compelled to trade, the trades in today's video are the trades that I like.
2014 has been a wonderful year with lots of trading opportunities; I don't want to see anyone blow up on the last two weeks of the year.
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Let's go to the video and check out those 5 trending stocks that I see as 5 potential weekend trading opportunities.
Have a great weekend everyone.
Every success with MarketClub,
One thing I like to do on Friday is look at markets that are strong going into the weekend. After yesterday's implosion in the marketplace, I thought that was going to be a hard thing to do. Thanks to MarketClub's Smart Scan technology, I was able to find five socks that bucked yesterday's downturn and are looking very good.
Now you may remember the rules I have talked about for "The 52-Week New Highs on Friday" weekend trade, but just in case you don't know what they are, here they are again.
Rule #1: On a new 52-week high, when the market closes at or near its high on a Friday, buy long and go home for the weekend.
Rule #2: Exit the long position on the opening the following Tuesday.
Rule #3: If the market opens lower on Monday, exit this position immediately.
These are the only three rules you need to trade "The 52-Week New Highs on Friday" successfully.
I invite you to watch the video and look at the five stocks I found using Smart Scan. Then 10 to 15 minutes before the market closes today you can see which stocks are closing at or near their highs for the day.
Have a great weekend everyone,
Before I get into the six stocks and talk about them let's quickly discuss what's happening right now. The big news, of course, is the Alibaba IPO, here is what I do with IPO's. Unless you're lucky enough to get some of the initial stock the best thing to do is just to watch for a while and see how everything pans out. Just remember that perception is a strong driver of stock trends.
The other big news is the fact that Larry Ellison is stepping down from Oracle. Mr. Allison's exit from Oracle brings about a complete change in Silicon Valley. We no longer have Steve Jobs at Apple, Bill Gates at Microsoft. We're going to see some interesting transitions in all of these companies.
As far as Oracle Corporation (NYSE:ORCL) is concerned. The Trade Triangles are now all red indicating a lower trend and prices for Oracle.
The six stocks I'm going to be talking about in today's video will show that three are trending to the upside, and three are trending to the downside. Some of these stocks are setting up for the perfect weekend trade.
Here are the six stocks that I'm covering today: Continue reading "6 Stocks On The Move"