The market exploded to start the week, and there seems to be a lot more upside in several companies.

When the market makes a move like it did this week, many people will say it’s over.  And they may be right.  The bullish behavior of the broad market was fast.  The buying has been aggressive.  And if there’s a fundamental reason, such as peace in the Middle East (although not fully finalized), it certainly seems justified.

And when a move like this happens, where seemingly everything is going up other than safe haven stocks, it can seem simple to find bullish stocks, but many of those moves are already overdone.  And if the broad market tailwind slows down and stock picking returns to this market, as I expect it will, I need to look for names that have more upside.  That’s where the Stock Forecast Toolbox comes in for me.  Try it out for free!

I found an exciting one yesterday using the AI-powered Toolbox.  Let’s look at the chart for Delta Airlines (DAL):

The chart is great.  It hasn’t broken out to the upside yet, but it’s getting awfully close.  When oil prices fell to lows at the end of June, DAL was trading $96 per share, so there’s some significant upside already to consider with jet fuel prices expected to continue falling (assuming the Middle East peace comes to fruition).  And even more exciting to me, with the broad market breaking out and investment money providing a tailwind, DAL looks likely to not just reach the June highs but burst through.  And the Toolbox agrees:

Upside projections are to about $100/share in the next week and $104 in two weeks.  A great march higher projection like this is not rare, but finding a name that has a lot of upside left after the market rally to start this week can sometimes be tough.  The Toolbox helps a ton.  And I added a long call position for the Predictive AI for Dynamic Markets system yesterday as a result!  The trade specifics cannot be shared for this setup, as it’s still an open position, but I’ll be sure to share the trade results once the trade is closed – whether the trade works out as expected or not.  So, make sure you keep an eye on your e-mail inbox next week to see how this leveraged trade idea performed!

As a reminder, the Forecast Toolbox doesn’t just give me one prediction every week or every day.  It models out high probability moves for most listed stocks in the market.  I can check every stock in my portfolio to make sure I’m positioned right when I’m holding my investments, and when I’m looking for a new trade, it provides a filtered list of some of the most explosive setups so I can find the next great idea for my trading portfolio.

So, make sure to take advantage of the free 7-Day Trial of the Stock Forecast Toolbox so you can see what it can do for you!

If you have any questions, never hesitate to reach out.

Keith Harwood

Keith@OptionHotline.com