If you’re a serious trader like me, then you know the major downside to a choppy market is finding hot momentum stocks to trade.
But like I always say, there’s a silver lining to everything…
Stocks that do well in choppy market climates tend to exhibit higher momentum levels once all of the action is behind us.
I posted a video on Wednesday explaining two methods I use to find hot momentum stocks to trade… and you guys loved it! And because the feedback has been so positive, I’ve decided to hop back into my trading room for round two.
But this time, I’m giving away names that’ll continue to show strong directional movement till the end of this year…
2 Hot Momentum Stocks to Trade to the End of 2021
Now, it’s usually easy to find hot momentum stocks to trade…
But only about 50% of stocks in the S&P 500 are trading above their 50-day moving averages, and 37% are above their 200-day MA, painting a clear picture that things are choppy.
This is a market where traders need to be extra selective and patient when trying to find their next big move.
I’ve mentioned the names in the video below before, but looking at them again now… they’re still exhibiting the same type of momentum that initially attracted me to them!
However, I think it’s worth mentioning that you might want to be loose with a protective stop-loss order with these two stocks because they’re both extremely volatile and can cause counter-directional movement for a few days before moving back in the direction of the trend…
In other words, don’t even try to keep a tight stop loss on these picks!
Give them a little room to fluctuate so you can avoid being randomly stopped out before the big move hits.
Check out my short video below to see which hot momentum stocks to trade now.
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