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Trade of the Day: Morgan Stanley (MS)

MS is a trade I return to again and again


Following the recent pullback, I’m seeing opportunities in big-cap stocks.

Advances out of shallow declines can be quite brisk and worth playing. I think there could be at least one final move higher into the end of February or beginning of March. I am still a little leery of small-caps and will avoid them for now.

And it should go without saying, but I will say it anyway — if instead the bears come out in force to renew the assault they launched last week, make sure to set a stop you are comfortable with so you can exit without much damage. Then I’ll be attacking the short side of the market with vigor.

Recommendation: Morgan Stanley (NYSE:MS) is a financial industry leader that has pulled back since last Wednesday, but appears ready to make a new assault on prior highs. In my Trader’s Advantage service, we were in this stock last month for an 11.75% return over 15 days, and I planned to return on a pullback. Well, here we are. Buy at current levels for a $26.50 target.

InvestorPlace advisor Jon Markman operates the investment firm Markman Capital Insight. He also writes a daily swing trading newsletter, Trader’s Advantage which aims to capture profits of 15% to 40% and often as much at 100% to 200% in less than 90 days. 

Professional traders and hedge funds make huge profits off volatility.  Now, Jon’s service CounterPoint Options levels the playing field with the first service geared towards helping individual traders make steady, consistent profits with the VIX.  Get more information on Trader’s Advantage and CounterPoint Options today.

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