Follow Terry's Tips on Twitter. Like Terry's Tips on Facebook. Watch Terry's Tips on YouTube. We use this list in one of our portfolios to spot outperforming stocks and place spreads that take advantage of the momentum. Essent Group has received a lot of attention as of late and several analysts are expecting more upside in the stock price.
Analysts Anticipate Essent Group Ltd. ESNT has recently seen a pickup of upside momentum after a consolidating mostly sideways from early in the year. The stock broke to fresh record highs late last month and a correction in the second half of last week ended with a bullish engulfing candle on a daily chart, suggestion a continuation of the predominant bullish trend.
Unless the stock rallies quickly from here, you should be able to get close to this amount. Recent additions to the list might be particularly good choices for this strategy, and deletions might be good indicators for exiting a position that you might already have on that stock. As with all investments, you should only make option trades with money that you can truly afford to lose. We use this list in one of our portfolios to spot outperforming stocks and place spreads that profit if the momentum continues, at least a little.
The stock has since declined slightly in a low momentum correction. The broken horizontal level now resides near a rising trendline that originates from a low printed at the end of to create a strong confluence of support to the downside. We use this list in one of our portfolios to identify stocks with momentum and place spreads that profit if the momentum continues, at least a little.
I would also like to include a table which reviews how the previous 12 Trading Idea of the Week selections have worked out in the real world. We have had an exceptionally good record. Here are the results:. All of them are safely above the max gain price for the spread. The only losing trade would have been the BABA one which was a minor loss. Presumably, rather than accept this small loss, we would have rolled over the vertical credit spread to a future date.
While these results are a extremely encouraging, we must recognize that the past few months have been ones of generally higher stock prices across the board.
Future results might not be this great. Several analysts have expressed their bullish outlook towards Coherent Inc. Just reaches record high. The earnings beat triggered a gap higher for a range break and the stock held gains to close the week out at record highs. The range break suggests the broader bullish trend has resumed.
We use this list in one of our portfolios to spot outperforming stocks and place spreads that profit if the momentum continues. Actually, the stock can even decline a little for the maximum gain to be made. The turn lower led to a break of the 20 period daily moving average as well as a rising trendline that had been in play for nearly three months.
However, the stock recovered after the earnings beat and closed the week out at a fresh all-time high. Although the rising trendline is no longer in play as support, the break back above it as well as the moving average signals that buyers have regained control.
We use this list in one of our portfolios to identify stocks with upward momentum and place spreads that stand to profit if the momentum continues, at least a little. Here are two of them — Oppenheimer Holdings, Inc. From a technical perspective, a rising trendline is in play that dates back to a low posted in late We use this list in one of our portfolios to identify outperforming stocks and place spreads that take advantage of the underlying trend and momentum.
These portfolios use a variety of pre-determined options strategies and differing underlying stocks or ETPs. A milestone to celebrate!
SIVB recently broke higher from a correction that had taken place since March. The stock price started trending higher in late September and made a series of technical breaks by regaining its period daily moving average and breaking above a declining trend channel that had encompassed the roughly six-month correction. SIVB corrected lower last week following the technical break but turned higher after retesting the broken trend channel, slightly ahead of the period daily moving average.
The stock price ended the week near The trend channel which is found on a daily chart resembles a flag pattern and the recent upside break signals a bullish continuation.
We use this list in one of our portfolios to identify outperforming stocks and place spreads that take advantage of the momentum. There has been a retracement in the past week which could be offering an attractive entry point. We use this list in one of our portfolios to identify stocks with upward momentum and place spreads which will profit if the upward momentum continues for about four weeks. Actually, the stock can even fall a little for the maxium gain to be made on these spreads.
Our 10 portfolios have now gained Options clearly can deliver extraordinary gains if they are set up properly. Nvidia stock has gained significantly over the last year and several analysts believe there is further upside.
There was a correction that took place late last month, however, the day moving average as well as the lower bound of the rising channel held the stock price higher and continues to offer downside support. We use this list in one of our portfolios to spot outperforming stocks and place spreads which will profit if the upward momentum continues.
Actually, the stock can even fall a little for the maximum gain to be realized on these spreads. Red Hat reported above-consensus earnings in the past week and several analysts have refreshed their upside targets since. RHT also regained the period daily moving average on the back of the same surge and hit fresh week highs.
The horizontal level and the moving average fall in close proximity to each other, offering a strong confluence of downside support. We use this list in one of our portfolios to find outperforming stocks and place spreads that profit if the upward momentum continues for about four more weeks.
Actually, the stock can even decline a little for the maximum gain to be realized on these spreads. Our strategies have gained almost 7 times as much as the market has picked up. Several analysts are expecting AEIS to continue higher. Another analyst has made a strong fundamental case for further upside in the stock price in his article posted at Seeking Alpha, highlighting impressive growth, no long-term debt, and a strong balance sheet.
The technical outlook for AEIS suggests the stock is ready to resume higher. A rising trendline that originates from a low posted in early July has held declines and a declining trendline that connects the top from July with a high posted in early September has been breached to the upside. The same declining trendline held the correction last week and there was a great deal of momentum behind the recovery from it.
This book may not improve your golf game, but it might change your financial situation so that you will have more time for the greens and fairways and sometimes the woods. Allen believes that the 10K Strategy is less risky than owning stocks or mutual funds, and why it is especially appropriate for your IRA. I have been trading the equity markets with many different strategies for over 40 years. Terry Allen's strategies have been the most consistent money makers for me.
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Time to Buy The Dip? FB Chart November Here are the results: Trading Idea of the week Summary Chart November BD Underlying Updates November 2, CNC Chart October RHT Chart October Search Blog Search for: Monthly Options William Tell. Success Stories I have been trading the equity markets with many different strategies for over 40 years.More...