The current pullback in the stock market is a buying opportunity for the top stocks with relative strength and bullish chart patterns. Here are two potential breakout stocks setting up for buy entry now…
A “stealth” stock is the term I use for a stock that is not “on the radar screen” of every daytrader and his cousin. I have found that stealth stocks tend to move in a more “predictable” manner, yet still provide ample volatility if the right stocks are selected.
Using the preset “Potential Breakout” scan of the Morpheus Stock Screener, this 5-minute video briefly walks you through the bullish chart patterns of 9 stocks that may soon be ready to blast off to new highs. Specifically, each of these stocks are forming bullish basing patterns near their recent highs (these are not stocks that have already broken […]
In yesterday’s blog post, I said that our market timing model has just shifted from “buy” to “neutral,” due to continued institutional selling and weakening of the major indices. This means we are now laying low with regard to new swing and core trade entries. Nevertheless, we have just spotted two very short-term momentum trade setups (one ETF and one individual stock) that could be in play…
Although $GLD is still in a downtrend, there are now 2 main technical signals and 1 other point that give me strong reason to believe gold is poised for a substantial, intermediate to long-term rally and/or bullish trend reversal…
Thanks to the bounce off the April 15 lows, followed by last week’s stalling action, now is the right time to sell short $QQQ. Here are 3 objective, “no nonsense” reasons why it is finally time to get back on the short side of the market (at least in the NASDAQ).
Seven of the eight ETF swing trades in the model swing trading portfolio of our Wagner Daily newsletter are presently showing unrealized price gains (no complaints there). However, most of our current ETF positions are industry sector ETFs with a significant correlation to the direction of the main domestic stock market indexes. As such, we […]
Since our market timing model shifted out of “Buy” mode on November 7, we have been focused on trading ETFs with a low correlation to the direction of the stock market, rather than individual leading stocks. On November 11, we detailed 2 potential ETF trade setups with low to no correlation to overall stock market direction: ProShares UltraShort […]