Class: Bullish, Day, Continuation, Confirmed

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Bullish

Focus on stocks that are in a powerful short-term up trend.
Look for stocks that have steady (not choppy) upward price movement.
The stocks should not have pulled back more than 5% off of their recent high. Ideally, they have been moving side ways and appear to be resting.
The stocks should be above their 20-day moving average.
Price increases should be accompanied by higher volume.
A nice market rally may help propel these stocks higher.

Day

The powerful up trend may lose its steam quickly. Get in, place protective stops and as the stock moves higher, trail the stops higher.
If the stock produces nice gains, take partial profits and reduce overnight exposure.
Seek small, quick, consistent profits.
Exit the trade if the market rallies and the stock does not.
Exit the trade if the move does not materialize by the end of the next day, or the stock looks like it is meeting overhead resistance (“heavy”).

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One Option