Your Next Great Momentum Trade is Here

Another day, another new all-time high for the S&P 500. June 19, 2014     Your Next Great Momentum Trade is Here   The return of "left-for-dead" stocks The next sector to pop... Plus: A brand new shale play   Greg Guenthner coming to you from Baltimore, MD... Greg Guenthner Another day, another new all-time high for the S&P 500. The NASDAQ hit its highest closing level since 2000. The Dow isn't far behind... But today's big market story that will actually help you book gains has nothing to do with Amazon's new phone or FedEx's earnings beat. So toss that newspaper aside and listen up... It looks like everyone who sold in May is back from vacation early thanks to some dovish comments from the Fed. That's great news for momentum traders who had to endure relentless selling earlier this year. Remember what I told you at the beginning of the week: many of these left-for-dead momentum names are beginning to show signs of life. First, it was biotechs that found their footing and began to move higher. That's when our big buy signal started to take shape. On Monday, 3D printing stocks looked prime for a breakout. Now that these sleepy tech stocks are back in action, it's time to begin rooting through another group of beaten-down momentum names: social media stocks. I really don't care what you think of these companies. I don't want to debate the merits of any ridiculous phone apps or crazy buyout deals. The reality of the situation is that these stocks have snapped back to life. This chart pinpoints right where social media really began to get ahead of itself. After a furious rally that started last summer, these stocks went on a massive run. Reality didn't catch up until a few months ago--that's when the selling started. But after a quick trip back to visit the S&P, buyers have stepped back in. Social media shares have put in a "V" bottom, sprinting off their lows to offer alert traders quick gains. Granted, some of these stocks are already temporarily overextended (Yelp Inc. (NYSE:YELP) comes to mind). So the best course of action is to dig up some of these names that haven't run too far yet. Check for recent IPOs that have given back almost all of their gains since coming on the market. That could be your ticket to quick gains...         Oil Profits on the Way? Yeeeeee-Haaaaaw! You won't believe the type of money that's flowing from American oil and gas wells… $$$$. It's huge for our country… and investors! Our man in the field wants to share his hands-down best strategy -- a little-known way that could double your money in as little as 36 days. If you're interested in striking it rich, here's how you can stake your claim!           Rude Numbers Targets, Predictions and Wild Guesses   1 college bowl game now has a bitcoin sponsor. Business Insider reports that BitPay has signed a deal to sponsor the NCAA football playoff game formerly known as the Beef O'Brady's Bowl. 74% of all US stocks trading on major exchanges are now above their respective 50-day moving averages... $120 oil has been flagged as "danger point" for the global economy. "The rule of thumb favored by many economists is that every $10 increase in the price of a barrel of oil ends up cutting global growth by about 0.2 percentage point," Bloomberg notes. $1,282 is where you'll find gold futures this morning. Gold has quietly gained about $10 in early trading today... 1,948 marks the spot for S&P futures today. Stocks are trying to hold onto their post-Fed gains before the morning bell...     Rude Trends When to Buy... When to Sell   Our resource expert Matt Insley is hot on the trail of the next big shale play. And this one is in a place you might not expect... "There's a lot of reason to think that Colorado's Niobrara shale play is, in fact, the next big play in the U.S.," Matt says. "This isn't a pipe dream, either. A simple look at the cold hard facts and you'll start to realize that productivity and production in the Niobrara are starting to move the needle." According to Matt's research, per-rig "productivity" dawdled in 2007-2011. An average of 100 barrels per day, per rig isn't going to make anyone rich-- at today's oil prices and well costs. "But since July 2012, or so, drillers started to crack the code in Colorado's Niobrara," Matt continues. "You can see in this chart that per-rig productivity started to blaze a new trail higher. Fact is, that growth in productivity is faster than North Dakota's Bakken oil formation. It's also faster than the Eagle Ford in Texas. This play is gaining steam by the day." Finding the next big profit opportunity in American oil and gas is as simple as following the trend. We've seen huge gains in North Dakota and Texas. And now Colorado is starting to heat up, you'll need to know how to play it. Click here for the details... [Ed. Note: Send your feedback here: rude@agorafinancial.com - and follow me on Twitter: @GregGuenthner]     Ignore At Your Own Peril Today's Must Read Links   How to Become Your Own "Banker" [must see] What the Ultra-Rich Do to Make Big Money, Fast! World's Most Valuable Tech Companies for 21-Cents?     BE SURE TO ADD dr@dailyreckoning.com to your address book.       Additional Articles & Commentary: Join the conversation! Follow us on social media:         The Rude Awakening is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Agora Financial delivering daily email issues and advertisements. To end your Rude Awakening e-mail subscription and associated external offers sent from The Rude Awakening, click here. 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