Markets got a bounce to end last week as we moved toward the finish line of Friday’s quad-witching…
But the one sector that lagged behind was the one we’ve been watching closely — Energy.
Since last Tuesday’s feature, the XLE fell another 10%, bringing its slide to more than 21% over the past two weeks.
While some gurus were squawking about how strong the sector was and how traders could hide out there from this volatility storm, our Project X strategy jumped on a short signal on Warren Buffett’s pet oil stock, Occidental Petroleum, later that same Monday.
Fast forward to Thursday and OXY shares dropped 6%, allowing the strategy to exit for a solid 25%* return in three days, beating both our average 11-day holding period and clearing our 8% average return — including all winning and losing trades — since inception going back to Feb. 25!
That wasn’t the only short play New Money Crew capitalized on as markets plummeted — our Wiretap Alerts strategy kicked off the week with two fantastic wins on Nikola and Pfizer!
It’s a great feeling for your trades to finish in the green, especially when the whole market is a sea of red…
And to help us stay on top of these markets, I have a fresh set of names I’m watching for the New Money Crew Watchlist…
In the hour or two before the start of each trading week, you’ll find me glued to my screens catching up on the weekend’s news and watching premarket trading volume.
It’s important to stay on top of the premarket price action because it gives traders a good idea of what to expect in the rush of volume the first 30 minutes of trading.
If I see a boatload of volume hitting the tape heading into the bell, odds are good it will be a fantastic week for Wiretap Alerts…
But if trading volume is sluggish, it means we need to pay even closer attention and stay nimble because just a few minutes can make the difference between a win… or an ugly red mark in the loss column. And no one wants that!
So when premarket trading volume came in light Monday morning, it took a cool head and steady hands to claw out another hat trick of winning trade for Wiretap Alerts, extending our winning streak.
And that leads me to a great topic for us to cover…
Volume is the number of shares bought and sold each day in any given financial instrument. High volume suggests that there is a heightened interest in the financial instrument, and if it is combined with a move higher in share price, then it is often used as a signal of strong upward momentum. Keeping an eye on volume will ensure that you are on the right side of the trade.
Give us a follow and join the conversation on our official social media channels:
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "Energy’s Loss Could Be Big Gains for These 3 Names"
Post a Comment