To help you discover the power of trends, every week, I’m sharing 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 select starts with a trending stock.
Unless a stock is trending strong, I don’t want to hear about it. In my book, wishy washy stocks are the quickest way to losing money.
So without further ado, here’s the top trending bullish stocks of this week:
- AFL
- MCK
- NTNX
And don’t forget about last week’s stocks, which you can find here.
They’ve started this week strong 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:
- You could just buy and hold the stock. This has the advantage of not putting a time limit on you, the way an options trade might. The downside is that you’d put in a large upfront investment to own the stock. And if it does go up, you won’t see it go up as much as an option might
- 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.
- 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, this is really my preferred method to use when I’ve found a great trending stock like the ones on this week’s list.
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
P.S. If you want to see how I pull income from the markets every single week, click here.
