One of my favorite technical analysis indicators is telling us to buy USDP.
I’ll show you that chart in a second.
First of all, I need to tell you that my free book deal for my classic Strategic Stock Trading is going fast. Over half of the copies are gone already and at this
Now secondly, in case you missed it, I interviewed Ike Iossif of
And that kind of sums up how many people feel as they saw the market dump last year and this year have seen it
Now I’m going to tell you that it is very risky now to make big bets on SPY either way this week at this moment.
But that is ok because the reality is we are seeing some defensive sectors and stocks go up with real buying. Things such as gold went up in December when the stock market fell and are going up in January too so the bull action is steady, consistent, and fun to be a part of.
Yes, I own gold and many mining stocks! And you should too!
Now USDP is a stock that I mentioned last Monday and again on Wednesday as one such stock and on Friday it went up 1% in a day and has been outperforming the stock market now for months.
This is a stock paying a 13% dividend and notice how the on balance volume indicator on the bottom of its chart is surging.
As you can see the on balance volume indicator made a new two year high on Friday. This an accumulation indicator that confirms the current breakout.
This is a stock that pays a 13% dividend in a defensive sector. This is not
I’m all about good entry points and never will tell you to chase anything.
That’s why I sent an alert on Sunday to private Power Investor members about a stock that I own with a good entry point right now with an options play for those that prefer to trade options instead of invest in shares that pay dividends.
To get this alert and future Power Investor updates plus the free book offer before it ends go here: