Is This a Coincidence?

At 7:06am ET this morning, Dave Carlsen of The Discovery Fund released his seven favorite stocks to own.

With a portfolio of nearly $2B, you can imagine Dave Carlsen himself may be extremely selective when buying and selling equities or funds.

At the top of the seven stocks to own, Carlsen highlighted “a recession-proof stock which has proven long-term growth, innovation, high profit margins, and scalable business model.”

That stock is Microsoft (NYSE: MSFT), and it’s my favorite trading opportunity for today as well.

You see – often times upon a fund manager making a move and releasing a statement on a stock, retail investors may follow along right away as well. This increases the pace of a stock’s intraday price action.

As a professional trader, I like fast-paced, liquid and profitable price action!

Paired with a stock market catalyst of a multi-billion dollar portfolio manager acquiring more shares of Microsoft as his single largest holding, the chart itself looks perfect for a trading opportunity as we head into the final trading day of the week.

As you may see on the chart above, Microsoft currently is trading right above key support of $172/share. If the stock itself holds that level, I’ll be interested in placing a bullish trade.

If markets sell-off to wrap up the week, Microsoft may follow the trend. That won’t make me shy away from trading it! Below $172/share and $167/share is its first support, or a selling point out of a short biased position.

And of course, I’ll look to pay myself by the end of the day.

P.S. How has your trading been this week? Reply to this email with your single best trading experience so far. I’m here to help you grow as a trader and increase your knowledge of the stock market and financial professional trends

Yours for TrackStar trading,

Davis Martin
America’s #1 Premarket and Day Trader

Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.

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