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 chemical 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.
Strong but Topping
This stock was in an upward trend, but has leveled after a dramatic advance. Watch for a break through resistance—that will be your signal to buy.
- Tyco International (NYSE:TYC)
Weak but Leveling
This stock was in a downward trend that has temporarily improved—that is, it’s stopped falling for the time being.
- Williams Companies (NYSE:WMB)
This stock has tried to rally up, but without much success.
- DuPont (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.