As you should know, I am all about momentum.
In my Total Alpha trades, I want to see stocks that are on their way up already – with great fundamentals behind them.
That’s when I prefer to make my move.
Last week, Mike Parks (“The Professor”) pinpointed a pair of stocks that looked primed for a move.
Mike Parks here.
CF hit my scanner Wednesday and, looking at the chart, the bulls were holding up in the market downturn.
If buyers can hold out here, I would be looking at buying calls at the break of the upper PSAR value.
NTR hit the scanner Wednesday as buyers started to lose control to the bears and fade from highs. As this “fade the rip” starts to play out, I watch for the lower PSAR values to get tested and traded under before a breakout trade can form.
If this happens, I’ll look at buying puts to the downside for a move lower.
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…instead of hearing about them a week later?
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