The trend is your friend, and this continues to be true in 2015. This upside trend has been in play since 2013 so trying to pick a top or pick your point of a sustainable pullback is just futile.
So quit trying to beat the bullish long-term trend…and just trade. Your core position should be long stocks. I am not inferring that we are not going to have a pullback. I am stressing that if you are not on the right side of this trend, which is to the upside, you need to scale into quality long names.
I ran the Tradespoon Scoop Bulls tool this morning and three names came up that are now on my bullish radar: Lowes Companies Inc ($LOW), Home Depot ($HD), and Cognizant Technology Solutions Corp ($CTSH).
I will look to add these names to my portfolio with any pullback. Have a great trading day.
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