By Jeff Clark – the editor of the Jeff Clark Trader
This stock market is absolutely nuts.
We’ve gone from the most oversold conditions in the history of the stock market… to the biggest oversold bounce ever.
Nobody I know is enjoying this action. The best traders in the world are watching this action from the sidelines. They’re not willing to trade until the dust settles…
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But, as I mentioned last Friday, I’m buying. So many stocks are on sale right now. The opportunity to profit is just too great to ignore.
In fact, as I told my Breakout Alert subscribers yesterday, every stock in our portfolio is a “strong buy.” We’re going to see enormous gains in the days/weeks/months ahead.
Most of these stocks hit bottom on Monday, and they’ve bounced since then. But, they’re still trading at ridiculously low valuations. They could double in value from here and still be considered “cheap.”
If you’ve been reading the Market Minute for a while, then you know one thing for sure about me… I don’t brag about my successful trades. I merely point out where I’m willing to take the profits, and I suggest that you do the same.
Humility is a common characteristic among all of the successful traders I know.
In the most recent issue of the Breakout Alert, however, I pushed the edge of the humility envelope. I told readers that the prices of our stock holdings were undervalued. There were BIG gains ahead. And I was confident our stocks would be much higher in the months ahead.
Then I made a new trade recommendation. That trade exploded 37% higher yesterday.
I told subscribers not to chase that trade higher. It will likely come back down to a better buy price in the days ahead.
But, the rest of the stocks in our portfolio are screaming buys at the current prices. Anyone who was looking to buy stocks with low-risk/high-reward potential had a huge opportunity with our portfolio.
And, that’s what I’m saying to you today.
The stock market has been absolutely nuts lately. The S&P 500 trades hundreds of points lower, then hundreds of points higher, within a matter of days. There’s really no sense to the action.
But, if you can buy cheap stocks in oversold conditions, then you’re likely to outperform the broad stock market in the months ahead.
That’s what we try to do in the Breakout Alert. We “flip” these low-priced stocks, using a specific technical pattern that can predict imminent, explosive moves.
If you’re looking for simple profit opportunities in what’s become a highly uncertain market, please take a look at this video. It explains our Breakout Alert strategy in detail. And, I know it’s a strategy that will profit in the months ahead.