No, I’m not being inappropriate and I’m not alerting you to my favorite rock band, I promise! (My favorite rock band is Evanescence, after all!)
You may have heard the phrase, “Keep it simple, stupid.” Well the acronym for it is K.I.S.S. and all it means is that the best way to go about something is to keep it in its simplest form.
With my sudden reentrance into the market — all of you were notified about several stocks in last week’s Trade Talk Weekly — comes inevitable questions about what I am saying/predicting for the market.
ZOLL is…well, it’s just DYN-O-MITE! I alerted you to this stock—one of my favorite plays—last week. And I think that it is so important that you add this stock to your portfolio, if you haven’t already, that I’ve decided to reiterate my reasons right here:
- It’s broken the daily downtrend line and the weekly downtrend line, doing so on volume. Nothing bearish about it!
- My current target price for it is conservative — I highly anticipate raising it.
- Right now the MACD is higher than it’s ever been — even if you go back to where it first started trading in 1999!
- The readings that show when a stock is overbought are so low for ZOLL that it is just a screaming buy.
ZOLL should be one of your bigger positions — it is just so bullish and on the brink of explosion!
Well, nothing has changed in the overall market.
So why, after two months of sitting on the sidelines, am I now telling you to rush back in? After all, I’m not retracting all of my assertions that the market will correct.
There is a simple answer to it all. Let me take this moment to clarify it for you.
I DO continue to believe that the market is headed for a correction. All of the charts continue to tell me just that.
As we await the inevitable, there is a specific “checklist” of things that tend to occur.
First, we see a crop of inverse funds — as we did with QID and SDS. Second, a handful of attractive counter-trend stocks appear. And then we pick out a few shorts.
Right now we find ourselves in Phase Two — it’s counter-trend time!
That is, select stocks are going counter-trend the market. The market goes up, these stocks go down.
And now these “best of” stocks are at the critical point — they have reached the bottom of their correction and are just now beginning their ascent. This is when we can start seeing a profit on such stocks.
This is the time to pounce. (You can view my entire portfolio of my favorite stocks right here.)
Overstock.com, Inc. operates as an online retailer that offers discount brand name merchandise for sale primarily over the Internet. In addition, it operates an online auction site, a marketplace for the buying and selling of goods and services. Overstock.com offers its products through its Web site, www.overstock.com. The company was founded as D2—Discounts Direct in 1997 and changed its name to Overstock.com, Inc. in 1999. The company is headquartered in Salt Lake City, Utah.
Click here to find out more about OSTK — my current “Stock of the Week.”
I hope you realize that there is a method to my madness. I’m not cherry-picking the market, haphazardly choosing inverse funds, counter-trend stocks and shorts. There is a reason (or several) behind everything that I do here at Trending123.
Money Management Made Simple
The best traders know that one of the “secrets” to trading isn’t really a secret at all. It’s called “managing your portfolio.” In a nutshell, that means balancing your basket of trades so that your gains outweigh your losses. But you can’t rely on fortune-telling, market-timing, or sheer dumb luck—you need to follow a trading plan.
That’s where Trending123 comes in: We actually give you a trading plan. All you have to do is follow it. How? Easy: Use the Trending123 Portfolio Table. It makes money management simple with a color-coded system of trading instructions:
- Yellow means the setup has triggered the entry price and action can be taken.
- Green means target has been hit or a profit alert has been issued.
- Red means a stop loss has been hit or a stop alert has been issued.
- Blue means the entry price has not been triggered but it’s close, or as I like to say, “on deck,” so stay tuned and be ready.
Even better, the Portfolio Table’s info-packed columns are sortable by column header, and every stock ticker is linked to its trade update. All you need to do is wait on alerts and direction, and remember that nothing is ever set in stone. We always have a trading plan, but trading plans, like the market, are not static. That means we need to be flexible and sometimes revise our plan according to ever-changing market conditions and new positions that we take on. Do you have what it takes? If so, click here to start using the Trending123 Portfolio Table today.
And the ultimate goal of course is creating a portfolio of that gives us the best opportunities for profit. I’ve found several that I believe will give us the best shot. Find out what they are here.
P.S. In the past, Trending123 subscribers have gobbled up some decent stock treats like: Superior Well Services — up 18.10% in just 1 week, Suncor Energy — up 20.51% in 1 month and Air T, Inc — up 39.33% in 30 days. Don’t miss out on your chance for sudden profits — join us now!
P.P.S. Remember to be flexible and reasonable. Trading is not absolute. Anything can happen. But you do have an edge as a Trending123 member — the combination of our indicators and oscillators, our trends, our patterns and wave structure — you will soon see all of the pieces of the puzzle come together. That is my job: to put everything together in concise, manageable bits. Let me help you get started today!