It’s hard to trade stocks when they are at (or are very close to) their all time highs.
Sometimes it’s hard to see stocks continuing to rise into unseen levels. But, if you had that mindset 3 weeks ago, you would’ve missed out on some serious gains.
Conversely, it may be tempting to try to bottom-fish and find stocks that are severely undervalued… Perhaps, finding a bank or airline stock which looks cheap and should be trading higher based on fundamentals or attempting to pick a bottom in this market might just be the worst strategy.
Watch the full interview with Future of Wealth Head Trader Lance Ippolito to find out which stocks you should keep on your trading radar based on momentum indicators.
And remember: you don’t have to ride the wave of these stocks to the shore, but you can certainly catch some nice wake in the short-term.
Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.
Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.
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