My Power Stocks system identifies the best candidates for option trading or short-term stock trading, and this week it’s showing upward trends in the chemical sector. 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.
- Tyco International (NYSE:TYC)
These stocks have been in an upward trend for over a week, and display good upside characteristics relative to other stocks.
Backing and Filling
These stocks have rallied way up from downtrends, but then dropped from those higher prices to “fill” lower price areas.
- Dow Chemical (NYSE:DOW)
These stocks are in upward trends, but are temporarily leveling or pulling back.
- E I Du Pont De Nemours & Co (NYSE:DD)
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.