Hey Traders,
Today I want to address a question I’ve been getting a lot:
In the current market, with the broad indices like SPY and DIA making new highs, what does a good trend look like?
To answer this, I’ll share three stocks that are currently in great trends.
Here’s what I want you to do: Pull up a six-month chart for each of these stocks and take a look at their performance. I show you how I do it in this article and also in this one.
This timeframe is ideal for spotting strong trends.
TRGP (Targa Resources Corp.)
TRGP has been in a solid uptrend. This stock isn’t just reacting to random news or surprise earnings; it has been steadily climbing for the past six months. This kind of consistent upward movement is what you want to see.
DTM (DT Midstream, Inc.)
Another excellent example of a trending stock. Similar to TRGP, DTM has shown a reliable pattern of higher highs and higher lows, indicating a strong trend. And if you look at it
WES (Western Gas Partners, LP)
WES is also on a great run. When you see a stock consistently making new 52-week highs over several months, it’s a strong indicator that the trend will continue.
Why Trends Matter
Trading stocks that are already in a good trend is important because it increases your probability of success.
These stocks are not just making highs due to a one-time event like an earnings event or a news spike.
They have been trending higher consistently, which gives us a higher likelihood that they’ll continue to do so.
When you trade stocks that are in strong trends, you’re making a high-probability bet. It’s all about stacking the odds in your favor.
Remember, trading is about probability. By focusing on stocks that are in a strong uptrend, you’re positioning yourself for success.
Speaking of high probability trades… NVDA’s been a hot stock in a strong trend and it’s just gotten a $3.5 million flood of Wall Street cash!
Want to see how I plan to play it? Register your spot to join me LIVE here.
Trade well,
Jack Carter