On Thursday HotScans picked up HOG.
On Friday HOG took off.
The major equity market indexes have put in quite a bit of time consolidating and now, depending on index you look at, they are either breaking out, or struggling at a major resistance level. This is a great time to look for stocks that have a nice consolidation zone from which they are breaking out of - before the market indexes are all decidedly bullish (or bearish).
Some of the best swing trades, and stocks to daytrade, come from the stocks that lead a market move. A great way to find leading stocks is to look for stocks in consolidation patterns that break out to the upside or downside before the overall market breaks out. And if the market is at a key inflection point as it is now, the odds of a big more are even better.
In the video posted here I’ll show you how I found, and why I like, these stocks as potential breakout trades on the long and short side.
Here is the video that explains it all: