Free Trend Following Trade Ideas For September 2017 (Part 1):
Welcome to September! I hope you had a great summer. It was a busy one for me and I’m looking forward to re-focusing on the markets even more as the fall unfolds. So to help you get started, I wanted to share these free trend following trade ideas with you.
And while the month of August started out with a bit of a whimper, it definitely ended with a BANG!
In fact many of last week’s trade ideas broke out to brand new highs, along with the broader indices. Just for context, here’s an updated chart of the SPY ETF so you can see for yourself:
As you can see, SPY has made a new all-time closing weekly high. And it doesn’t even look that extended.
The QQQ Nasdaq ETF has a similar look:
With all of this broad index strength, it’s a great time to be looking for breakout stocks to trade. So let me show you what I’m looking at heading into the first trading week of September 2017.
Free Trend Following Trade Ideas for September 2017 (Part 1):
I’m always encouraged to see strong weekly and monthly closes in the stock market, as we did for August.
This longer-time frame confirmation gives me a little more conviction in the possible breakout trades and trends we’re seeing.
ANYTHING can happen in the markets, but I do think momentum is currently with the bulls.
But to help you act on this, let me show you some of the trend following ideas I’m watching closely:
The first trade idea on my radar this week is CHUBK. I actually heard about CommerceHub on one of Howard and Ivan’s Momentum Monday videos.
“And based on the chart below, CHUBK looks like it could keep running!”
Now I don’t always buy younger IPOs like this. But I was willing to pony up for this one, in part because it’s charging higher to blue sky territory with no overhead resistance.
I just use a smaller position size than I otherwise would with a more proven bluechip company.
The next stock I want to share with you is CME Group. Shares of CME are consolidating near their all-time highs. Take a look:
While CME hasn’t broken out yet, it could be just a matter of time until they catch a break. This stock pick might appeal to those of you who don’t like to buy extended breakouts.
So watch it closely for a potential pop!
Next up is Paycom Software. PAYC stock has been moving towards new highs, after a few months of shallow consolidation:
Trend following with breakout stocks is all about looking for higher highs and higher lows. PAYC is quite close to confirming higher and could be one to keep watching.
Another idea to share with you today is the online marketplace Etsy, Inc. Here’s the weekly chart, where ETSY shares are slowly pushing to new highs and could be ready to break out:
I’ve actually been long shares of ETSY for a few weeks now. But…
I want to share the idea today because it looks like next week this stock could finally get moving. So if it fits your criteria you may want to consider hopping on the trend.
Now… I’ve gotta warn you…
I HATE to risk sounding like a broken record on this blog. But there are a number of stock picks I’ve shared with you recently that’s actually looking even better than ever.
Previous Stock Picks Worth Re-Visiting:
The beauty about trend following breakouts is that these moves can last for MONTHS at a time (if not longer!)
So to quickly recap…
IamGold was mentioned two weeks ago and continues to charge higher. Here’s how I’m trailing my stop and considering adding:
And before it broke out this week I wrote a detailed Seeking Alpha article about how Gilead may have bottomed. If you like to see fundamentals and technicals align, this one might be for you:
Another play in the resurgent healthcare space is Biotelemetry. I mentioned picking up shares at the end of July, and the stock is now breaking out nicely:
Two weeks ago, I also shared with you why I was re-buying Intuit Surgical (after previously getting stopped out). This week, the breakout continued:
Finally, one of my long-time favourite trend following stocks is Vail Resorts. So I was very happy to see the long-term uptrend resume after mentioning the stock (and buying more) few weeks ago.
I mention these ideas again because my preferred style of breakout trades are the ones that can keep running. And even though they’ve come a long way, they could still have very far to go!
But that’s not all…
See My Trend Following Portfolio Free!
If you’re STILL hungry for new stock ideas, here’s a look at my trend following trading portfolio. I’ve put all the positions into a FinViz watch list so you can easily see the charts of all these holdings.
So hopefully that gives you a better eye into my stock picking approach, and what the results can look like over time. Of course, if you want to go a step further and learn how I actually find these stocks… well… just keep reading!
Learn How to Quickly Scan and Trade Breakout Stock Picks:
If you want to learn more about how I find these kind of stock picks, I encourage you to check out my Breakout Stock Blueprint! What’s that, you ask?
Well… it’s an 80-page+ PDF… packed with everything I know about finding, buying and trading breakout stock picks.
This blueprint shares the EXACT step-by-step process I use to find and trade stock picks each week (just like the ones above). So…
If you want to see how to find high-potential-momentum stock picks, learn how to let your winners run and be confident about locking in profits, then this blueprint is for you.
Can This Blueprint Improve Your Trading?
Learn how I find and trade breakout stock picks… in under an hour each day!