From the desk of Steve Strazza @Sstrazza
In our Table Of The Week, we highlighted some of the strongest stocks in the S&P 500 right now. We showed statistical evidence that these stocks have not only performed better over the long-run, but they’ve also suffered smaller drawdowns in the near-term.
Despite remaining skeptical of what is still a bear market rally in our opinion, there are always opportunities on the long side, we just need to pick our spots carefully and respect our risk management levels. In this post, we’re going to outline trade setups in what we believe are some of the most robust uptrends still in place.
If the market moves higher from here, these stocks should continue to exhibit leadership. If it rolls over, they should hold up better than the average stock and our risk will be well-defined to ensure minimal losses in the case we’re wrong.