Ignore the Noise, Focus on the Trend

Jack Carter | August 20, 2024

Hey Traders,

You wouldn’t believe the kind of nonsense and noise that’s out there in the market right now.

I just got back from a little “stock market summit” with some guys, and the one thing that stuck out to me was how everyone’s so wrapped up in what the Fed is going to say next.

I mean, seriously! Some folks are hanging on Jerome Powell’s every word, scouring the news for PPI, CPI, housing starts, and all that other statistical noise.

Here’s the truth: It’s all just that — noise.

I don’t waste my time marking down when Powell’s going to talk. I don’t follow the economic reports.

Why? Because none of that stuff ever affects the trend of a stock in any meaningful way.

Sure, you might see the market drop 400 points after a bad PPI number, only to bounce back 600 the next day. But that’s just a temporary blip, not the real story.

The real story is the trend!

Look at the S&P 500 chart or any chart for that matter — no CPI, PPI, or unemployment number ever made a lasting impact on the trend.

Trends are where the money is, and that’s what you should be focusing on.

Here’s my advice: Tune out the noise.

Stick with stocks that are in solid trends and learn how to use those stocks to generate income using options.

When you do that, you’re not just chasing the next big headline — you’re securing your financial future with a strategy that works.

So keep it simple. Focus on what matters, and don’t get caught up in the nonsense. That’s how you trade smart and live well.

If you need help finding the trend, just I’ve talked about it plenty in the past.

But if you want to cut to the head of the line and see the brand-new tool I’m using to send me trend-based alerts on a daily basis, check it out right here.

Trade well,

Jack Carter

Trending Stocks of the Week — August 20, 2024

Jack Carter | August 20, 2024

I’ve just released a tool that might actually be smarter than me. I’m pretty sure it’ll replace me if I ever decide to retire. Check out what I’m talking about here!

Now for our top trending stocks of the week:

To help you discover the power of trends, every week, every week, I share with you a handful of the top trending stocks.

These stocks are picked by the custom-built TrendPoint software I designed to pick the strongest trending stocks in the market right now.

If you know anything about me, you know that every trade I get into starts with a trending stock.

Unless a stock is in a strong trend, I don’t want to hear about it. In my book, wishy washy stocks are the quickest way to losing money.

This Week’s Stocks

The broad market continues its recovery… but this week’s three stocks don’t need a recovery… Because they never lost their bullish trend!

Check them out here:

  • GDDY
  • ISRG
  • MSI

And don’t forget about last week’s picks, which you can find here.

This week’s stocks show a strong trend and could still be in play for the next few weeks.

What can you do with these stocks?

Well, there are a couple of things you could consider — after doing your own research, of course:

  1. You could just buy the stock. This is probably the simplest thing you could do. Then just wait for it to go up and sell when you hit a profit target you’re comfortable with. This is only for stocks we’re long on. For stocks we’re short on, you can short them.
  2. You could buy an option. You know I’m not a fan of speculative plays, but every once in a while it doesn’t hurt to throw a little cash at a speculative option. Of course, while options can move bigtime if the stock goes up… the downside of options is that you have a time limit on how quickly you need the stock to make that move. So think about your risk tolerance and consider buying calls or puts depending on the stock recommendations above.
  3. You could do an income play. If you’ve been following me for any length of time, you know that I’m a big fan of income plays, because they increase your odds of winning. We do this by SELLING options instead of buying them. If you haven’t tried your hand at income trading yet, I urge you to try this exercise for yourself.

    Without risking any money, it will really let you see the power of income trading and why it’s my favorite method.

    Whether you end up doing naked puts, covered calls or some kind of spread (like this bull put spread example), income plays like these are really my preferred method to use when I’ve found a great trending stock like the ones on this week’s list.

    Because even if the trend comes to an end, you don’t have to be exactly right. With a direction play like buying a call, you have to be exactly right. But an income play gives you a lot more “leeway”, where the stock can move against you and you still have room to breathe and win the trade.

That’s it for now.

Stay tuned, because I’ll be sending you a new list of TrendPoint Best Trending Stocks every week! (usually Mondays)

Trade well,

Jack Carter