Hey traders,
We’re definitely in a bull market right now.
But you don’t have to believe me or listen to those talking heads on TV.
You can check the charts yourself
Type in ticker symbols SPY, then DIA and finally QQQ, and look at it in a 6 month chart.
You’ll see the trend is clear — up, up, and up. But if you want, you can add the indicators I show you here to your chart.
Even Bitcoin just hitting new highs, along with the broader market, going over $100,00 per coin for the first time every. Everything is bullish.
But here’s the thing — this is when I get a little concerned that we’re going to see a little pullback.
I’ve seen this show before, and when everything is going up, that’s when I start to get a little cautious.
More on that in a second.
Three Stocks That Are Trending Right Now
But while this bull trend is strong, I want to share with you three stocks that I’m keeping an eye on. These are solid stocks in great trends:
- BN
- ENB
- FFIV
These stocks have been consistently trending higher, and that’s the kind of pattern I look for.
As you know, in my style of trading, it’s not about trying to pick the next big breakout, it’s about following what’s already working — “Buy High, Sell Higher” is what I like to say.
Protecting Yourself with Stop Losses
Now, I’m all for riding the trend, but you have to protect yourself.
If you’re holding any stock, here’s a tip — make sure you’ve got a stop loss in place.
It can be 5% or 7% stop, just make sure you have something to protect yourself if the market takes a dive.
The great thing is, as your stocks go higher, you can set your stop to raise along with the market. That’s called a trailing stop and most platforms have that.
It’s a great step to take to to lock in profits. Simple, but effective.
When the inevitable pullback comes, you’ll have that safety net in place.
Why I’m Watching for a Pullback
Right now, the market is on fire. Since basically the election, it’s been nothing but up, up and more up.
But you know as well as I do that this kind of momentum can’t go on forever.
Eventually, the market is going to need a little flush. And when it does, it’s going to catch some people off guard.
Think about it: There’s nothing really on the horizon that would signal a pullback, which is exactly why it’s going to happen without warning. That’s how markets work — they don’t always give you a heads-up.
But here’s the thing: When that flush comes, it’s not the end of the world.
It’s just a healthy correction before we head right back into bullish territory. I’ve been around long enough to see it time and time again.
The Bottom Line
At the end of the day what I’m saying is that the market is bullish — but it won’t go straight up forever.
Be ready for a pullback, and make sure you’re protecting your positions with stops, because there will be bumps along the way.
Stay disciplined, keep your stop losses in place, and remember to protect those profits.
Trade well,
Jack Carter
P.S. Want 3 more stocks that I think are telling me they’re ready to surge higher? Check out this video I recorded for you.
