Market is Long and Strong

March 23, 2015
By Vlad Karpel

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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