This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.

Are you watching the Olympics?

The controversy of its opening ceremony aside, the performance by Asian athletes has been remarkable.

Japan is leading the table with 7 golds, hauling 13 medals in total.

China is chasing on the heels of Japan, with 6 gold medals, and a total of 14 medals won.

Which country do you think will come up top at the end of the games?

Last month, Amazon and Nu were our stock picks.

Did you manage to sell them at the top for a handsome profit?

The correction from mid-July has got many fearful.

But, are there buying opportunities for the month of August?

Where are they?

I’ve identified 2 potential stocks, so let’s check them out now!

US Foods (NYSE: USFD)

Source: ir.usfoods.com/investors/default.aspx

1. About the Company

US Foods was founded in 2007 and supplies food and non-food products throughout the US.

Through acquisitions, it grew its product and supply lines.

Steadily, it has grown over the years to become the 2nd largest food distributor in the US.

While it’s impressive that US Foods has grown so steadily, is the market optimistic?

Should you buy the shares of US Foods for a position trade?

Let’s find out in the next section.

2. Position Trading (Daily)

Did you observe that its shares are in an uptrend?

This can be inferred from the number of blue (outlined and solid) candles. They clearly outnumber those in red.

Knowing that its shares are in an uptrend, you’ll want to be looking for buying opportunities.

When you are looking for a buying opportunity, you can rely on the 2 main indicators-the green arrow and the Trend Impulse Factor-to help you.

Do you see a green arrow under its latest candle?

The presence of the green arrow indicates a fresh bullish move.

Next, what do you notice about the bar of the Trend Impulse Factor indicator?

Yes, it’s dark green.

That suggests that the bullish momentum present is likely to sustain, making this a wonderful candidate for a position trade.

Therefore, the time to buy its shares for a position trade is here!

W.R. Berkley (NYSE: WRB)

Source: berkley.com

1. About the Company

W.R. Berkley is an insurance company that was founded in 1967.

Shortly after its founding, the company went public.

Through several shrewd acquisitions, W.R. Berkley grew its reach and thus, its financial strength.

Today, the company primarily provides property casualty insurance and has customers from all over the world.

Given its rapid growth and global reach, should you be buying its shares for a position trade?

Let’s find out.

2. Position Trading (Daily)

Similar to the shares of US Foods, the shares of W.R. Berkley are in a strong uptrend.

Following the trend makes profiting from the stock market easier. Thus, you’ll want to look for buying opportunities.

Do you see a buying opportunity?

The presence of the green arrow suggests that this is a fresh bullish move.

In addition, the bar of its Trend Impulse Factor indicator is dark green, suggesting that this bullish move is likely to continue.

Therefore, the time to buy its shares for a position trade is here!

Conclusion

Source: unsplash.com

US Foods and W.R. Berkley have grown their businesses through acquisitions and fantastic management.

A glance at their charts reveals 2 key things.

They are both in a strong uptrend, and the 2 proprietary indicators suggest that their shares are ripe for a position trade.

Trading stocks without a proper system can be highly risky. This is why TGPS was created. The indicators will help you determine if a stock is ready for action to be taken. You won't have to feel in the dark and make wild guesses.

What are your thoughts?

Share your thoughts with me below!