Trading is pretty tough right now because stocks are pulling back over fears that the cliff won’t be resolved, but they can still mount a fantastic rally on any whiff of real confidence that the political logjam will be resolved. Here’s one opportunity to do just that.
Click to Enlarge Home Loan Servicing Solutions (NASDAQ:HLSS) is a mortgage servicing company that pays a fat dividend and is a big player in one of the hot new growth areas of the residential market. It sank to its 60-day average on the 15th before finding support. If and when the market recovers, this will be one of the first to be pushed back toward its highs. With support so close, set up to buy HLSS.
Jon Markman writes a daily swing trading newsletter, Trader’s Advantage. He uses a combination of fundamental and technical analysis to identify which stocks will move quickly.
He is also launching an exciting new service that profits from market volatility later this month.