Often when the insane news cycle sinks its teeth into a story it can artificially deflate a stock. As soon as the media shifts it’s ADD to the next story, that price can refill to where it should have been. This can open up some great chances to grab a deal.
Ford took a hit yesterday as news spread about a massive punitive damage award. This coupled with a round of layoffs as the company maps out its plan to shift to the new climate for automakers. The stock dropped but it wouldn’t be described as imploding. Ford has been through tough times before and this could open up a trading opportunity.
Prior to the news on Ford’s challenges it was making a push to break through its 200 day moving average. This drop could be a detour on that trip.
Ian Cooper has shown how these types of situations can expose ideal setups. By exploiting the insane news cycle and the herd mentality as people react to it, you can generate some very nice trades.
Check out his Trigger Point Trade Alerts and see how you can be on the list that he notifies when he spots new deals.
Keep learning and trade wisely,
John Boyer
Editor
Market Wealth Daily
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