As we approach Christmas Day, many traders and investors are anticipating a “Santa Claus rally” in the stock market…and with good reason.<\/p>\n\n\n\n
According to a recent Forbes article (three steps on how to trade the Santa Claus rally<\/a>), the S&P 500 has scored a December gain in 17 of the past 20 years. <\/strong><\/span><\/p>\n\n\n\n The Dow Jones has done so in 65 of the past 100 years. <\/span><\/p>\n\n\n\n Although it obviously does not<\/em> happen every year, the stock market undeniably has a history of positive returns in (the latter half of) December.<\/p>\n\n\n\n As technical momentum traders, we never place much weight purely in seasonal market trends because we focus on the performance of leading stocks and broad market volume patterns instead.<\/em><\/p>\n\n\n\n Nevertheless, be sure to check out this new stock pick video that uses our online stock screener to show you a few potential breakout stocks to buy <\/strong>in the coming days ($DDD, $QTWW, $THRM, and $IQNT).<\/span><\/p>\n\n\n\n View the 3-minute video below by pressing the “play” button. For best quality, view in HD full-screen mode by clicking the icon on the bottom right of the video player window.<\/span><\/p>\n\n\n\n httpvh:\/\/youtu.be\/nEuseNLgkAA To recap the video, our preset breakout scan is designed to find stocks trading within 20% of a 52-week high,<\/strong> trading sideways above their 50-day moving averages.<\/p>\n\n\n\n Further, we are looking for “cup and handle” or flat base consolidation patterns<\/a> of stocks that have not yet broken out.<\/em><\/p>\n\n\n\n
Want to know more about how the MTG Stock Screener works? Check out the 5-minute video on this blog post<\/a>.<\/em><\/p>\n\n\n\n