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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…
About the Author
Chris Johnson is a highly regarded equity and options analyst who has spent much of his nearly 30-year market career designing and interpreting complex models to help investment firms transform millions of data points into impressive gains for clients.
At heart Chris is a quant - like the "rocket scientists" of investing - with a specialty in applying advanced mathematics like stochastic calculus, linear algebra, differential equations, and statistics to Wall Street's data-rich environment.
He began building his proprietary models in 1998, analyzing about 2,000 records per day. Today, that database, which Chris designed and coded from scratch, analyzes a staggering 700,000 records per day. It's the secret behind his track record.
Chris holds degrees in finance, statistics, and accounting. He worked as a licensed broker for 11 years before taking on the role of Director of Quantitative Analysis at a big-name equity and options research firm for eight years. He recently served as Director of Research of a Cleveland-based investment firm responsible for hundreds of millions in AUM. He is also the Founder/CIO of ETF Advisory Research Partners since 2007, noted for its groundbreaking work in Behavioral Valuation systems. Their research is widely read by leaders in the RIA business.
Chris is ranked in the top 99.3% of financial bloggers and top 98.6% of overall experts by TipRanks, the track record registry of financial analysts dating back to January 2009.
He is a frequent commentator on financial markets for CNBC, Fox, Bloomberg TV, and CBS Radio and has been featured in Barron's, USA Today, Newsweek, and The Wall Street Journal, and numerous books.
Today, Chris is the editor of Night Trader and Strikepoint Trader and contributes to Money Morning as the Quant Analysis Specialist.