8 Hot Stocks With Massive Relative Strength As Market Plunged

As stocks started getting crushed last week, we quickly shifted to cash and began looking for the next possible market leaders.

Check out our new video here to see exactly what we found.

The main stock market indexes got slaughtered last week, as the S&P 500 swooned 11.6% with five consecutive days of losses. Tech stocks provided no reprieve either, as the Nasdaq Composite similarly tumbled 10.6% for the week.

Continue reading to find out how our swing trades fared during this tumultuous decline, followed by a fresh new video that shows eight-strong stocks to put on your radar now.

How We Managed the Market Plunge

The model portfolio of The Wagner Daily was fully loaded with ten open swing trade positions as we entered last week.

Fortunately, the relative outcome was rather positive!

Traditional “buy and hold” investors got slammed last week, but all our positions automatically hit their preset stops–quickly putting us in 95% cash by the morning of Feb. 24 and 100% cash by the following morning.

The constant ability to “stick and move” is one of the best advantages of our rule-based swing trading system, which truly shined by keeping our newsletter subscribers out of trouble last week.

Protecting Profits and Minimizing Losses

By previously trailing stops higher on our winning positions, we still locked in gains last week of +25.6% on $SE, +24.2% on $TDOC, and +10.8% on $ZM (closed Feb. 21).

Our remaining eight open positions stopped out with relatively small losses ranging from -0.6% to just -8.2%.

The S&P 500 is now showing a loss of -8.9% for the year (as of Feb. 28 close), while the model portfolio of our newsletter is still showing a gain of +2% in 2020.

As we frequently remind subscribers, consistent winning in the stock market boils down to simple mathnot just necessarily picking the right stocks.

Most importantly, we are now fully 100% in cash and ready to take advantage of the next trading opportunities when the market settles down.

1 2
View single page >> |

Disclaimer: Past results are not necessarily indicative of future results. There is a high degree of risk for substantial losses in trading securities. All data and material on this website and/or ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.