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With the markets closed on Monday for Memorial Day, it’s going to be a shortened week… so I’m trying to get all my ducks in a row early.

For me personally, I try to find a few trades that I believe can gap up after the weekend. 

I know what you’re probably wondering, “Jason, how are you able to figure out what stocks are set to pop off after the weekend?”

Well, I watch momentum stocks and the overall market all week… so I’m in tune with what’s going on.

Basically, I look for my bread-and-butter setups and narrow my watchlist down to just a few names and send that out to subscribers.

For example, last week — two trade ideas I had on my Monday Movers watchlist last week were GOGO and IWM calls.

 

 

Today, I want to show you how I spotted these trade ideas… and the technique I’ll use to come up with my Monday Movers watchlist tomorrow.

 

[Revealed] My Weekend Strategy

 

Unlike many traders who like to go into the weekend flat, I actually look for ways to set myself up for success. You see, if I go into the weekend with no positions on, I believe I’m doing myself a disservice because I’m not putting my money to work.

My whole theory is if I can find stocks or exchange-traded funds (ETFs) that are poised to gap up coming off the weekend… I start the week on a high note and won’t necessarily have to stress out about finding trade ideas.

I think it’s more beneficial to readers if I reveal how I come up with these ideas…

So here’s a look at what I sent out last Friday in the morning.

GOGO is the next stock I’m looking to swing. I like this base it’s been developing around $1.60 so that’s where I’m looking to buy above. I think it’s likely the $1.60’s offered today, assuming the market stays red, so that’s where I’ll look for 10,000 shares. Swing into next week for me and only buying 1/2 size through the weekend. It’s clearly in a bearish trend but what I like is the 8 EMA is turning up toward the 21 EMA and the last time it did that shares went from $1.54 – $3.58 in just 7 trading sessions back in March. Assuming the $1.60 area holds I think a move above $2 is likely. Buy zone $1.50-$1.60’s. Sizing 1/2 Friday. Goal $2’s. Stop 8 EMA $1.62 tight.

 

 

IWM is the small-cap index and it’s come into a good support level at $120. I think the markets head higher next week so I’m looking to get into $120 Calls expiring at the end of the month. 

 

 

If you look at those two trade ideas, they were short and concise.

Basically, I noticed my bread-and-butter patterns indicating these two trade ideas could gap up.

With GOGO, I noticed a potential bullish moving average crossover at the time… and that signaled to me it was time to look for a buy.

Here was my plan:

Buy zone $1.50-$1.60’s. Sizing 1/2 Friday. Goal $2’s. Stop 8 EMA $1.62 tight.

I actually fumbled a little bit on the execution there… My entry was actually $1.68 on Friday… and on Monday morning, I took profits at $1.94.

That was good for a 15.47% return over the weekend!

Now, with IWM, I actually missed out on… which I’m a little ticked off about.I could’ve bought the calls I was eyeing for $7.25 a piece and took profits at $12.95, which would’ve been a 78% winner.

However, I know that I have to hone in and just look for my next best “weekend” trade ideas. If you want to learn why I believe my weekend strategy is so powerful, click here and watch this quick training session.

Author: Jason Bond

Jason taught himself to trade while working as a full-time gym teacher; his trading profits grew eventually allowed him to free himself of over $250,000 in student loans!

Now a multimillionaire and a highly skilled trader and trading coach, Over 30,000 people credit Jason with teaching them how to trade and find profitable trades. Jason specializes in both swing trades and in selling options using spread trades, which balance the risk of selling options. Jason is Co-Founder of RagingBull.com and the RagingBull.com Foundation which donates trading profits to charity. So far the foundation donated over $600,000 to charity.

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