This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.
We haven’t experienced such strong bullishness in the US stock market for some time.
The past 2 weeks have been extremely bullish, bringing several position trading opportunities.
How did the 2 stock picks – Illumina and Goldman Sachs for Jul fare?
Due to the bullish sentiment in Jul, a short position on Illumina was triggered while a short position on Goldman Sachs wasn’t.
I hope that you placed a stop loss to cap your losses and enable you to trade for another day!
There will always be losing trades along the way, so let’s look ahead and discover the 2 stock picks I have for you in the month of Aug.
Cleveland-Cliffs (NYSE: CLF)
1. About the Company
Cleveland-Cliffs was founded in 1847 to mine for iron ore.
The company had suffered many challenges, but rose to come up tops. becoming the powerhouse in steel that we are familiar with.
Today, it produces flat-rolled steel that’s widely used in many industries.
With this said, what’s the position trading opportunity to be explored?
To answer this question, let’s refer to its chart.
2. Position Trading (Daily)
From the chart of Cleveland-Cliffs above, you can tell that the trading opportunity lies in shorting its stock.
How can you tell?
Do you see that there’s a red arrow above its latest candle?
That tells you that this is the start of a possible downtrend.
But that’s not all.
There’s another important indicator you’ll need to look at – the Trend Impulse Factor indicator.
More specifically, you’ll want to look at the color of its bar.
When it’s dark green in color, it suggests that there’s sustained momentum, reinforcing the action you should take.
Because the bar of Cleveland-Cliffs’ Trend Impulse Factor indicator isn’t dark green in color, you’ll be better off waiting. And I think that a shorting opportunity could appear in Aug.
Welltower (NYSE: WELL)
1. About the Company
Welltower was incorporated as Healthcare REIT back in 1985, and had a sizeable total asset of $182m.
Over time, it expanded its portfolio of properties beyond the shores of the US.
With the rise in property prices and constant addition to its portfolio, Welltower experienced tremendous growth to reach a market capitalization of $41b.
While it’s performing well as a business, has its stock been performing?
Let’s find out in the next section.
2. Position Trading (Daily)
Can you tell that the market participants are optimistic on Welltower’s shares?
There’s a green arrow under its latest candle, suggesting that the bulls are here.
Looking at the bar of its Trend Impulse Factor indicator, there’s a high chance this bullish move can be sustained over some time.
Hence, the shares of Welltower are ripe for a long position trade.
Yes, trading can be this simple without the need of other technical drawings or tools.
This keeps your analysis straightforward, avoiding analysis paralysis.
The share price of Cleveland-Cliffs has been performing poorly. However, the time to short its shares isn’t here yet.
On the other hand, the share price of Welltower has been rising, forming new highs. The indicators all point to its shares being ripe for a position trade.
As always, it’s prudent and a wise idea to place a stop loss level to protect your trading capital.
There’s no need to hold onto a losing stock as there are many position trading opportunities available!
Trading stocks without a proper system can be highly risky. This is why TGPS was created. The indicators will help you determine if a stock is ready for action to be taken. You won’t have to feel in the dark and make wild guesses.
What are your thoughts?
Share your thoughts with me below!
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