loader image

2 Stocks to Trade During a Market Pullback

by | Sep 29, 2021 | Stocks

Everybody knows the stock market’s been choppy of late…

If you’ve paid any attention to me lately, then you know momentum levels are cooling off, which is normal for this time of the year. With the Federal Reserve pouring billions into the market each month, I don’t see us headed into bearish territory.

Current selling pressure is typical…

Most likely, it’ll probably even lead us to another major rally, but that’s a topic for another video.

So when I typically spot pullbacks, I don’t turn to the weakest names to get the best price level. I look at the strongest stocks pulling back because they’ll be the first ones to rally when investors start to come back to the market. 

Let’s get into a few of the strongest stocks pulling back now….

The 2 Strongest Stocks Pulling Back This Fall 

Before we jump into today’s picks, we need to keep in mind that momentum levels are already below the 50th percentile, and that markets have been weakening for quite some time.  

We’re just seeing the second shoe drop… Or as I like to say, shaking out all of the weak hands before stability returns. 

So it’s no wonder why one of the strongest stocks pulling back is Zscaler Inc. (Nasdaq: ZS)

ZS is a cloud-based security company that works on transforming networks and applications for mobile and the cloud. In case you didn’t already know, “the cloud” is where all of the money is right now. 

Even research company Gartner Inc. (NYSE: IT), another name I like, recognized ZS as a dominant force in the industry for 10 years in a row! 

So I have a price target of $300 over the next 10 weeks…

Check out my short video on the strongest stocks pulling back to learn more about ZS and the next stock on my list.

Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to! 

P.S. Ready for an inside look at my newest trading venture? 

It’s my personal mission to build an elite team of six-figure and million-dollar champion traders… 

A dream team of the most powerful and profitable experts on the planet…

Which is exactly why I’ve created a secret financial weapon to give everyday traders the highest chance for success.

Do you have what it takes?

WRITTEN BY<br>Roger Scott

Roger Scott

What to read next

99 Problems and a “Pivot” is One

99 Problems and a “Pivot” is One

A friend of mine sent me this chart about three months ago. I should probably print it and keep it in my wallet next to a photo of my daughter. Given the sheer number of questions I’ve fielded lately, I’ll probably end up showing this chart more than her picture.

read more
Everything Everywhere, Going Down, All At Once

Everything Everywhere, Going Down, All At Once

When our momentum reading went negative last week, I didn’t know that we’d have the second largest bank failure in U.S. history three days later. All I knew was that it went negative… and that we got out of the way.

read more
Trust But Verify…

Trust But Verify…

I want to talk about our version of “Trust but Verify” in the markets. Qualification is the most important part of the investing process. And this F score value strategy looks to be crushing the current market.

read more

Have any questions? Contact Our Customer Service Team