Bears are certainly losing their grip on this market here, and the bulls are running in a low volume trading environment.
Target those trade setups that offer above average volume. In this kind of market where the interest is low, spotting stocks with momentum and the interest of the strength is quite easy do.
Stocks like Micron (MU), Shake Shack (SHAK), and Texas Instruments (TXN) are trading outside of the norm from a volume standpoint (and all three trades are profitable in the Splash Zone as well).
But after Friday’s rally and the strength I am seeing so far this week, I see little reason to be short on the market. That could obviously change at a moment’s notice, and that’s why doing this bearish watch-list is still important because you never know when you’ll need to use it.
Here’s the list of short setups:
