Lock and Roll Candidates

The dramatic reaction by the market to the upside after Friday’s jobs number, ironically, seems to have brought out even more pessimism on the part of many traders. Indeed, we are seeing quite a few of the hotter stocks of late become extended. As such, we enter next week with many on watch for a dramatic downside reversal.

Instead of embracing the case for a major top, though, my focus continues to be on staying constructive with this much-improved market, without becoming complacent. Inside 12631, I locked in a fair amount of winning trades and profits on Friday into the market’s strength. With those profits, I am putting in the work over the weekend to see if there are stocks setting up behind the leaders that are not yet extended. Hence, the “lock and roll” concept, which I discussed in greater detail in this post last week, could easily be in play next week.

The scenario that I do not see being discussed much is one where the senior indices work off extended conditions through time rather than via abrupt drops, all the while a growing number of individual stocks continue to work well. Here are a few long ideas that fit that description. Members of 12631 should check inside the service’s main blog for even more ideas.

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2 Responses to “Lock and Roll Candidates”

  1. “Lock and roll.” Check.

  2. Nice looks Chess. CRH can be a tough one to navigate a trade with, very jumpy.

Comments are closed.
Previous Posts by chessNwine

Lock and Roll Candidates

The dramatic reaction by the market to the upside after Friday’s jobs number, ironically, seems to have brought out even more pessimism on the part of many traders. Indeed, we are seeing quite a few of the hotter stocks of late become extended. As such, we enter next week with many on watch for a dramatic downside reversal.

Instead of embracing the case for a major top, though, my focus continues to be on staying constructive with this much-improved market, without becoming complacent. Inside 12631, I locked in a fair amount of winning trades and profits on Friday into the market’s strength. With those profits, I am putting in the work over the weekend to see if there are stocks setting up behind the leaders that are not yet extended. Hence, the “lock and roll” concept, which I discussed in greater detail in this post last week, could easily be in play next week.

The scenario that I do not see being discussed much is one where the senior indices work off extended conditions through time rather than via abrupt drops, all the while a growing number of individual stocks continue to work well. Here are a few long ideas that fit that description. Members of 12631 should check inside the service’s main blog for even more ideas.

_________________________________

_________________________________

_________________________________

_________________________________

_________________________________

2 Responses to “Lock and Roll Candidates”

  1. “Lock and roll.” Check.

  2. Nice looks Chess. CRH can be a tough one to navigate a trade with, very jumpy.

Comments are closed.