With the broad-based market rally that we saw in the stock market last week, it is going to be very interesting to see what this week holds. I don’t believe we’ll see as strong of a move this week as we saw last, but we very well could see some more follow-through. I’ve updated the stock screens (the first five), and also the market barometer, that is showing “Bullish” across the board for the first time in over a year.
Some quick thoughts, we are going into next week after having a great week day-trading, going 5-for-5. I’ll do what I can to keep the trend going. On our swing trades, 3 out of 4 of our trades have gains of 7% or more. Our trade in Apple (AAPL) continues to go through the roof. We will be tightening our stop in this holding sometime this week.
Our screens still show oil and gas stocks with a major presence on our screen results and a new industry that seems to be hitting our radar is farm products and equipments. Others that are seeing some sporadic representation is aerospace and defense and a few insurance companies.
Have a Great Week Everyone & Happy Trading!
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