Free Stock PIcks For January 2017

Welcome to another edition of trend following trade ideas! As we head into the third week of January, is showing almost 12 times more 52-week highs than lows.

So… do you know what that means?


It should mean there are some JUICY stock picking opportunities!


in addition to the plethora of new 52-week highs, you can see the MSCI All-Country World index is also breaking out.

Trend Following Trade Ideas January 2017 Part 3 ACWI

This is something we haven’t seen in a while, so I’ll be interested if it can continue.

Maybe a turning point is underway.

And in this article, I’m going to share my best stock picks with you for free.

But first, I want to tell you a story.

A Tale of Trend Following in the Age of Fear and Fake News:

This morning, I got a text from my friend. It was a link to a series of tweets that Donald Trump made.

And his message said…

“How can we invested with a lunatic like this at the helm? Please let me know when you are moving to cash.”

But the thing is…

I’m 95% invested! 

(And planning to buy more when the market opens!)

So I replied to him: who knows what he will do, but the stock market and economy trudge on for now, so I remain invested.

And you know what’s even CRAZIER?

My friend isn’t alone. In fact, just a simple Google search for stock market news brings up a smattering of fear-mongering.

See for yourself… 3 out of the 4 headlines from the last 12 hours are starkly bearish:

Trend Following Stock Market News

Not exactly inspiring, right?

But here’s the thing…

“When you have a reliable trading system, none of this news matters!”

All of this news (both real and fake) doesn’t have an impact on my trading decisions.


I have a simple system that generates a buy signal which I take. Upon entry, the system also generates a sell signal so I know where to place my stop-loss order

Now let me show you what kind of investments my trend following trading system generated this week:

Trend Following Stock Trading Ideas January 2017 (Part 3):

Okay, okay… I know you’re here for the stock picks, so that’s what we’ll get to next.

Enough with the chit chat.

Another  is Canadian National Railway Co (NYSE:CNI). This stock has been a little volatile, but is definitely moving in the right direction.

trend following trade ideas cni

I already own shares of CNI, but am strongly considering adding more when the market opens on Tuesday… (remember, markets are closed Monday for Martin Luther King Jr. Day).

The next stock pick I want to share with you also starts with C, check out Cogenx (NASDAQ:CGNX). This stock is coming off a great consolidation and closed the week at new highs.

trend following trade ideas cgnx

As you can see, the stop-loss I have in place gives a pretty good amount of wiggle room. If CGNX reverses and hits this level I don’t want to stick around to find out what’s next!

Speaking of next, another stock I am considering pulling the trigger on is Chemed Corp (NYSE:CHEM). I actually had a limit buy order placed for CHE shares on Friday Jan 13th, but unfortunately it didn’t get filled.

Nonetheless, here’s how I’m planning to invest:

trend following trade ideas che

Another stock that really has my attention right now is Parker Hannifan Corp (NYSE:PH).

I like how the stock has been basing out, and is now pushing to new highs on a closing-basis.

Here’s a look at the chart:

trend following trade ideas ph

I would plan to get long at the open with a stop $5.25 below your entry price.

Finally, in case you like to trade lower-ticket stock prices, another company I like right now is Wabash National Corp (NYSE:WNC).

trend following trade ideas wnc

It looks like WNC is off to the races and how knows how far it could run. Regardless of what we hope for though, it’s essential to always use a stop loss and manage risk.

Make sense?

And by the way, just to be totally clear

I don’t usually take ALL of these signals. But I do take some.

Plus the only reason I don’t take more is because I am already long from previous weekly trade ideas!

For example:

  • I’m long ROK and BRK/B, which were featured in November 2016
  • Toro Corp (TTC) remains in raging bull mode, recommended here, here and here.
  • And I continue to hold TXN shares as it grinds to new closing highs after buying in May and November 2016

So that’s why I can’t be buying all the time. As I mentioned at the start, I’m already 95% invested!

So I hope you enjoyed these free trend following stock picks.

And hey, I know it can be uncomfortable to buy stocks as they hit new highs.

But the truth is…

When you manage risk correctly you can easily remain invested… AND, sleep at night.

Plus, your friends might think you’re brave… (or crazy).

If you want to learn more about how I do this (and get notified of free stock picks, just read below to see how you can get started).

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