Stick With Trends & Trade Strength
Even know the NASDAQ and S&P 500 came under pressure late last week the current environment continues to offer up incredible opportunities.
There continue to be strong trends in IPOs, sports gambling, social distancing stocks, and the solar/alternative energy space has been smoking hot.
If you're considering making some shorter-term trades give yourself a fighting chance and stick with names that are showing relative strength.
This market continues to favor the stock picker and stocks that have been trading higher and showing momentum continue to lead.
Here's an example of a swing trade we put on in the Premium private twitter feed just over a week ago in Canadian Solar Inc. CSIQ.
So far this trade is up 20% (In the money call options +140%) and has made more than two times the original risk and continues to move higher.
A similar-looking setup just happened today in the same industry (Alternative Energy) in Ballard Power Systems BLDP.
Don't let the negative headlines and immense amount of noise keep you from participating in some very strong trends that are currently playing out in the equity markets.
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