Momentum Trades
In spite of the current market woes, last week at the WA booster (Thu) and the WAT gathering (Fri), I mentioned several tickers and ETFs that were good to go up … here’s an update after only 4 trading days;
(To view charts in full resolution, right click > “View Image” )
Defense ($DFX)(Long Dawn) ETF ticker; PPA (Kicker)
Construction Sector ETF; XHB
Finance Sector ETF; XLF
Agri Sector ETF; MOO
Agri Stock (Morning Star Pattern); ADM
Acquisition: OMRI
Basic Consumer Goods: ENR, SMG, WDFC, SWK, BDK, WHR, GLW
If you want to find out more about how I found these gems, take a look at the previous post below. It’s not as difficult if you know how and all it takes is a little hard work, patience and a defensive mindset. Oh, one more thing … a lot of simplistic common sense always helps.
As always, trade with caution as the market is still wonky. Take money off the table as you get it and wait for another entry. Never be greedy and never assume that your trade will always be profitable. Cutting losses are a big part of this business so always be prepared to suffer some losses … controllable losses so that you can let your profits run.
TIP: Friday is a shortened trading day and it will be bearish. Monday is the first trading day of the December month which is traditionally the most bullish day of the month and December is usually bullish. In the last 20 years, December was bearish only in 1992, 1996, 2002, 2005 and 2007.
Happy Hunting!
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