My Power Stocks system identifies the best candidates for option trading or short-term stock trading, and this week it’s showing great strength in banking and financial stocks. These names are both volatile and liquid, two important characteristics of profitable options trading.
Use the following information to help you with your own options or short-term stock trading program.
These stocks are in strong upward trends, with excellent upside potential. Buy on any further strength. H&R Block in particular is a powerhouse, one of the strongest stocks under surveillance with my Power Stocks system.
These stocks have confirmed their upward trends after a temporary pullback. Such a bounceback is one of the most reliable buy signals.
This stock has been in an upward trend for over a week, and displays good upside characteristics relative to other stocks.
- American Express (NYSE:AXP)
This stock is in an upward trend, but is temporarily leveling or pulling back.
- Tri-Continental Corporation (NYSE:TY)
Backing and Filling
This stock has rallied way up from a downtrend, but then dropped from those higher prices to “fill” lower price areas.
- Citigroup (NYSE:C)
Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.