Month: February 2019

Momentum Monday – The Bulls Are Still In Charge

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Correlations are decreasing, volatility is declining, the market reaction to earnings has been predominantly positive, corrections are happening via sector rotation. In other words, the U.S. stock market is back to a normalized trading environment, where stock picking matters.

Enterprise software and cannabis-related stocks continue to lead the market higher. We discuss a potential rotation into other sectors ahead. Biotech and medical devices are couple industries that are setting up.

Check out my latest book: Swing Trading with Options – How to trade big trends for big profits.

Top One Percent Stocks – Feb 3rd

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I am continuing my weekly habit to post some interesting swing trade setups among the strongest stocks currently in the market. I look at the strongest 1-2% stocks. This means stocks having a relative strength rating of 99 or 98. I am interested in two major setups: a breakout, which I can buy intraday or an anticipation setup, which I can potentially buy the next day if it clears new 3-day high.

Here are a few anticipation setups for next week: GKOS, RARX, INSP, VCEL, and FN. As you can see, biotech stocks are dominating.

Check out my latest book: Swing Trading with Options – How to trade big trends for big returns.