We're looking at some light-volume trading this week due to it being a holiday-shortened week and the end of the month.
A lot of investors are on pins and needles right now as they look at the market and try to figure out whether we're going to finish the week with stocks up. Judging from the looks of things, we probably won't, but that'll be the first time in a while.
So we'll be keeping a close eye on how the market trades through this week. One thing is certain - we'll be seeing some volatility and a little bit of a downward bias.
For now, we've set our sights on one sector in particular that's been lagging the market. Although it's not a bearish pick, you don't have to short or buy puts; it's the one long bet to make right now in this sector. Plus, it's had a ton of volatility and even a bearish cross, but as I always say...
In a bearish group, there's always a quality stock to be found.
And that's exactly what my Best in Breed system did. Today's moneymaking stock is standing out, and it's on a tear that could put some serious cash into your pocket.
Let's take a look at my screens...
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About the Author
Chris Johnson (“CJ”), a seasoned equity and options analyst with nearly 30 years of experience, is celebrated for his quantitative expertise in quantifying investors’ sentiment to navigate Wall Street with a deeply rooted technical and contrarian trading style.