In our weekend newsletter, we outlined one strategy to consider for the New Year is buying leading stocks when they pullback to the 50-day moving average.
And here we are the first trading day of the New Year with a classic example of how well that strategy works. We featured CRM on our watch list:
Not much to it here — just wait for leading stocks to come to you and have the courage to pull the trigger. Remember 90% of this whole thing is getting in the zone and 10% is sweating it out while in the zone. If you just did one or two of these types of trades a month, you’d have a great performance relative to the markets and most other investors.
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