August 2023 Stock Pick Analysis: 2 Stocks To Look At For A Position Trade

Table of Contents


All articles are 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 or investments.


All articles are 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 or investments.

Table of Contents

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)

Cleveland-Cliffs logo



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)

Chart of Cleveland-Cliffs

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)

Welltower logo



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)

Chart of Welltower

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!


1 Simple Strategy To Reap Explosive Profits This Year (2023):

2022 by far has been one of the toughest years to trade in the past 5 years.

Lots of Singaporeans who dabble in trading or investments have suffered badly this year.

From inflation, interest rates, Ukraine war, financial tensions between US & China, and most recently, the dramatic crypto meltdown…

We’ve seen nothing short of constant volatility and a persistently declining stock market this year.

Many people I know have incurred 5 to even 6 figures losses and others are holding on to 20-80% unrealized losses.

It’s unfortunate to see that the goals of becoming financially independent to provide better lives for their family have turned into losses for many.

Yet, as a matter of fact, all these losses could have been easily prevented and turned into profits instead if these people had the right knowledge.

Having the right knowledge, and having a tested and proven methodology for trading strong stocks

– This is exactly what helped me and over 5000+ of my students to end the year with decent gains in our portfolio despite the odds stacked against our favor.

Within our SMT community, we use a really simple yet powerful 3-step system that allows us to identify and capitalize on strong stocks.

This is why even amidst the poor performing market this year, we are still able to extract extensive profits from the market – by identifying ‘hidden gem’ opportunities.

And if we are able to reap decent gains in such a bad market this year, think about how immense the profit potential would be like in 2023…

Especially when the market is poised to trend stronger upwards in 2023 and the number of opportunities would be greater than ever.

With that said, it is extremely important to know what to do and how to best take advantage of the markets in 2023 while maintaining a really low risk.

I will be sharing about the ONE strategy you’ll ever need to know to reap maximum profits in the market in my upcoming LIVE training (100% free).

This training will be nothing like you’ve seen before.

I will hold nothing back to reveal my exact game plan and strategy to skyrocket your portfolio in 2023.

Register now here before seats are capped out.

I will show you the full process from identifying winning stocks all the way to executing the trade, and how it can be done in just 15 minutes.

I will also be opening up questions to the floor where you can ask me to analyze ANY stock of your choice,

The biggest gains are not made during an ongoing bull market, but from the preparation before the bull market even happens.

There is no better time than now to be introduced into the world of profitable stock trading.

After all, what excuse do you have to not pick up the skill to capitalize on this impending huge opportunity at this very moment?

I’ll see you real soon!

Click HERE to register your seat before we hit full capacity!


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Eric Lim

Having being coached in trading and in many aspects of life, Eric is a firm believer of success being the result of having a strong foundation. Hardwork, dedication, and practice are essential ingredients. He's always fascinated by the stock market and enjoys sharing his knowledge and discovery of the markets as a form of giving back to society. Swing and position trading are his favorite trading strategies.

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