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.

The Federal Reserve Chairman, Jerome Powell, has announced that the time to cut interest rates is here.

That sent many stocks (particularly those in the technology, finance, and industrials sectors) higher on Friday.

But which stocks are likely to maintain their bullish momentum?

Last month, US Foods and W.R. Berkley were chosen as they looked primed for a bullish move.

Both stocks flew, and I hope that you caught them!

Looking ahead, I think that these 2 stocks are likely to continue rising, to help you profit in the current market environment.

Let’s jump straight in.

Ally Financial (NYSE: ALLY)

Source: ally.com/about/investor

1. About the Company

Ally Financial goes way back to 1919.

The company started as a finance provider to the auto industry.

As demand for financing for military projects arose, Ally Financial seized this opportunity.

Its management were constantly looking out for more growth opportunities, resulting in the company’s entry into the mortgage business.

And the company did not stop there. Soon, it morphed into a bank, and finally into the financial behemoth that provides securities brokerage and investment advisory services, in addition.

Why should you consider buying its shares for a position trade?

2. Position Trading (Daily)

The answer can be found here.

From the chart of Ally Financial above, can you easily tell that its share price is in am unstoppable uptrend?

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

When a stock is in an uptrend, you’ll want to be searching for buying opportunities.

But before you buy, it’s a good idea to pay attention to the 2 main indicators on the chart – the green arrow and Trend Impulse Factor indicator.

The presence of a green arrow under its latest candle suggests that a fresh bullish move is here.

Next, let’s see what the Trend Impulse Factor suggests.

Because its bar is not in dark green yet, this bullish move is unlikely to sustain for the time being.

Therefore, you’ll want to wait for its bar to turn dark green before buying the shares of Ally Financial.

I sense that this will occur in the coming days, so keep this in your watchlist and be prepared.

Flex (NASDAQ: FLEX)

Source: investors.flex.com/financials/quarterly-results/default.aspx

1. About the Company

Flex started in 1969 as a circuit board manufacturer.

Through innovative and efficient manufacturing processes, the company experienced remarkable growth and expanded overseas.

Soon, it became a contract manufacturer, and began venturing into vertical integration with resounding success.

Together with shrewd acquisitions, Flex has grown to provide technology innovation, support chain, and manufacturing solutions to a brad range of industries.

Should you buy its shares for a position trade now?

2. Position Trading (Daily)

Let’s get the answer from its price chart.

Can you also tell that the chart of Flex’s share price is in an uptrend?

Therefore, you’ll want to on the lookout for buying opportunities.

Similar to the chart of Ally Financial, there’s a green arrow under the latest candle of Flex. A new bullish move is here.

Likewise, the time to buy its shares for a position trade isn’t ripe because the bar of its Trend Impulse Indicator isn’t dark green yet.

Although the time isn’t here, you’ll want to keep Flex in your watchlist as I think the conditions will be ripe soon.

Conclusion

Source: unsplash.com

Through excellent forward planning and innovation, Ally Financial and Flex have grown remarkably over time.

Their price charts suggest that the market is optimistic about their future.

However, neither of them are ready for a position trade yet. You’ll want to add them to your watchlist as I think they could be ripe soon.

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!