I am concerned about what fun and games are left in store for us the rest of the month, particularly with the FOMC tomorrow, so I am going to populate one of my accounts with ten longs as a safety net.
All of them basically look like the graph below………
………and share these common properties:
- Plenty of "open air" on the upside;
- A nice relationship between volume and price;
- A clean breakout above a consolidation zone
The specific stocks, and their stops, are below. These are not "lottery plays", but more run-of-the-mill long choices.
AB 24.69 400