In the Spring of 2014 both the biotech sector and momentum stocks were hammered during an eight week period. I have developed a set of criteria to identify when this sort of market correction has likely run its course. If you are able to develop a system to identify when a major market turn is close then you are more likely to capitalize on the very powerful moves that occur in the following weeks. In the two months following this bludgeoning there were some amazing risk/reward opportunities in market leading stocks such as NFLX, FB, TSLA, PCLN and LNKD.
Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, and options. He has traded professionally for 18 years. His email address is: [email protected]
Steven Spencer is currently long AAPL, CSIQ, DD, FB, LULU, SHAK, THC, TWTR, ULTA and short SPY
BEAST! Thanks for the vid…how many CMG calls did you have on Steven? Or was it NFLX?