It’s hard to trade stocks when they are at (or are very close to) their all time highs.
Sometimes it’s hard to see stocks continuing to rise into unseen levels. But, if you had that mindset 3 weeks ago, you would’ve missed out on some serious gains.
Conversely, it may be tempting to try to bottom-fish and find stocks that are severely undervalued… Perhaps, finding a bank or airline stock which looks cheap and should be trading higher based on fundamentals or attempting to pick a bottom in this market might just be the worst strategy.
Watch the full interview with Future of Wealth Head Trader Lance Ippolito to find out which stocks you should keep on your trading radar based on momentum indicators.
And remember: you don’t have to ride the wave of these stocks to the shore, but you can certainly catch some nice wake in the short-term.