There are 480 stocks which qualify for buying long trading with the signal lines. But which ones do you buy for short term trading?
I have screened the list down to 60 stocks. These should be profitable if you buy long the stocks, sell covered calls to buy puts at the next strike price below the red signal line or the yellow signal line, which ever is first. You have to screen the options for the best price vs. your risk tolerance. I would choose the March or April options to for quick profits.
Those who do not want to risk money buying long the stocks, can simply do a "chicken straddle" with theses stocks. Then
write a "chicken straddle spread", once the stocks move up or down 20%.
I posted a quick chart for you to look for others in the list of stocks.
The following list of stocks for further research.
Alphabetical order:
abc, abt,abx,aem,alxn, amag,amzn,apei, avav, awh, azo, bbh,bpl,cai,ceph,che,cmp,
cpla,csc,cwt,dgx,dv,ed,esi,ew,ffh,ghl,gild,gmcr,gold,hae,hei,hsy,hum,iau,lanc,lg,mant,mhs,mygn,navg,new,nflx,njr,nnds,orh,osip,pcg,rah,rmd,sji,slgn,stra,sxl,tdg,wlp,ww,wye,xom
Now, DO NOT JUST BUY LONG ON THESE STOCKS WITHOUT USING PUT OPTIONS, DUE TO THE VOLATILE NATURE OF THE ECONOMY. YOU COULD MISS YOUR STOPS AND THE STOCKS OPEN MUCH LOWER.
Good luck hunting for some profits.
God Bless
Doc
Doc's Harmonic stock Clock is intended for stocks, options, futures, commodities, and currencies trading.
This site should be used for Educational purposes only.
No advice is given. No recommendations given.
You are considered to be over 18 years old.
Doctraders Harmonic Stock Clock is based on technical market indicators which may predict short term and long term market trend reversals. Doctrader is not an investment adviser but has been involved in the markets since 1985. No system of trading or investing can prevent losses, you should do your own "due diligence" when determining the suitability of the information contained within this or other websites mentioned in this blog.
Use all Information on this site at your own risk.
God Bless
Doctrader
