Hey Traders,
Here’s three tickers that came across my scanner recently:
- CNP
- ATGE
- HOLX
Let’s take a look at how they’re shaping up — and how I’d approach them based on their current setups.
CNP: Bullish Setup
CNP’s one of those slow and steady names that’s been trending higher — and more importantly, it’s holding above both the 50-day and 200-day moving averages.
Nothing flashy here. Just a solid, steady climb.
ATGE: Bullish Setup
ATGE isn’t a household name, but the trend doesn’t lie.
It took a bit of a stumble at the start of the crash we saw in early March, but came back strong and has been making a steady climb — higher highs, higher lows — and it’s still holding that strength.
That’s exactly the kind of setup I like to keep on the radar. Doesn’t need headlines to do its job — just keeps moving up while no one’s watching.
HOLX: Bearish Setup
HOLX is doing the opposite — this one’s been sliding for a while now.
It’s been in a bearish trend since December — long before the broad market started going down — and every time it tries to bounce, it just rolls over again.
It’s still stuck below the major trendlines, and to me, that’s the market telling you all you need to know.
This chart just screams “bearish”, and there’s money in that, if you know how to trade it.
How I’d Trade Setups Like These
Now, whether a stock’s bullish or bearish — you still need the right approach.
Because trading’s not just about picking a direction. It’s about using a strategy that stacks the odds in your favor.
For stocks in a solid uptrend? I like to take the “income route”:
- Covered calls if I’m okay owning the stock
- Bull put spreads if I want defined risk
- Naked puts if I’d be happy owning it at a lower price
These all give you room to be right, even if the stock just drifts sideways for a bit.
Now on the flip side — for bearish charts?
That’s where I lean on bear call spreads.
Same idea: you’re not trying to call the top. You’re just setting up trades that pay as long as the stock stays weak.
Because if the trend’s working in your favor — and the structure of the trade gives you cushion — that’s where the edge is.
So whether the market’s screaming up, rolling over, or stuck in the middle… I’m always scanning for these kinds of setups.
And when I find them?
I use the strategy that gives me the best chance to get paid.
Final Thoughts
In markets like these, it’s not just about picking the right stocks — it’s about choosing the right strategies.
By aligning trades with the broad market trends, we can position ourselves to profit while controlling risk.
Trade well,
Jack Carter
P.S. Have you seen Nate Tucci’s Big Picture 2025 Video? Get ready for shocking predictions, opportunities in gold, crypto, small caps and more!
