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.
Stock markets around the world were spooked by the Fed Chair’s hawkish tone.
Jerome Powell mentioned that interest rates are to stay high for a longer period of time.
Such price movements surfaces position trading opportunities which I shall share.
Are you ready?
BCE (NYSE: BCE)
1. About the Company
Founded in 1877, Bell was a telephone business in Canada.
Bell had always been innovative by installing its first public telephone outside its offices, constructing its first long distance telephone line, and more.
More innovations emerged and the company enjoyed resounding success.
So, is it a good time to buy or short its shares for a position trade?
Let’s find out in the next section.
2. Position Trading (Daily)
Did you know that you can perform technical analysis without the usual support and resistance lines?
You can even tell the trend without needing to put on a moving average indicator.
When you see more red candles (solid and outlined), the stock is in a downtrend.
Let’s apply this to the chart of BCE.
There’s clearly more red (outlined and solid) than blue candles, indicating that its share price is in a downtrend.
What else can you observe for its chart?
Did you notice the 2 indicators on the chart: the arrow and the Trend Impulse Factor?
The presence of a red arrow indicates that a new bearish move is here.
Is there a red arrow under the latest candle of BCE?
Now, let’s have a look at the Trend Impulse Factor indicator.
Its bar is dark green in color, suggesting that this bearish move packs momentum.
Hence, this stock is ripe for a short position trade.
Vail Resorts (NYSE: MTN)
1. About the Company
Founded way back in 1845, Vail Resorts is full of twists and turns.
As a ski resort, Vail Resorts expanded to provide a more encompassing experience for its guests.
Constant improvement works were carried out to ensure its customer’s experience remained unmatched.
The elevation of its customer’s experience came from the numerous acquisitions too.
Has its great work been acknowledged by the market?
2. Position Trading (Daily)
Referring to the price chart of Vail Resorts, can you tell that the market is bullish on its stock?
There are slightly more blue (solid and outlined) candles, and a green arrow at the bottom of its latest candle.
The presence of the green arrow signifies a new bullish move is here.
Is there bullish momentum that’s likely to keep this bullish move going for some time?
Let’s turn our attention to its Trend Impulse Factor.
Its bar is light green in color, suggesting that this bullish move lacks momentum.
Therefore, this stock isn’t ripe for a position trade yet. It’ll be a good idea to keep it in your watchlist.
Shares of BEC are ready for a short position trade while the shares of Vail Resorts are not ripe for a position trade.
I highly encourage you to place a stop loss to protect your trading capital and mental health.
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.
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