What has President Donald Trump been busy with in the past few weeks?
He has signed a minerals deal with Ukraine, paused reciprocal tariffs on China for 90 days, and signed the largest defense cooperation agreement with Saudi Arabia, amongst other deals.
With many notable deals and more certainty, the US stock market reacted by rising nonstop. The S&P 500 is a whisker away from its all-time high in Feb 2025. Can it shatter its current all-time high?
Moving forward, are there trading opportunities?
But before I share about the explosive stock I’ve found, let’s review last week’s stock pick: SAP (SAP).
Review Of Last Week’s Pick Of The Week
SAP was last week’s stock pick.
It’s a technology company that provides businesses with application software and software-related services.
After rising by 22.2% in 2 weeks, a pullback came.
This was a much-needed pullback, and I expected its share price to reach around $288 before rising.
And it did!
What’s next?
Where am I looking to take profit at?
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Why Is Swing Trading Cameco (CCJ) Worth It?
Source: cameco.com
Cameco is 1 of the largest providers of uranium fuel in the world.
Its uranium fuel provides electricity through nuclear power plants worldwide.
As more countries contemplate adopting nuclear energy, Cameco’s future could be bright.
This is reflected in its share price chart.
In the past 11 months, its share price has burst upwards 24 times!
Furthermore, its share price is pulling back after bursting upwards by 17.4%. Its stock sounds great for an explosive swing trade.
What’s the price area I’m waiting for?
Continue reading to get the details.
P.S. What if I told you that you could drastically gain control over your emotions of fear and greed, and master the stock market in a short amount of time?
My team and I have worked tirelessly to help you achieve results fast.
Click on the banner below to claim your stock course for free (limited time) now!
Performance Of US Stock Market vs Cameco (CCJ)
Just like most stocks, the share price of Cameco slid until Apr 2025.
But is its share price still in a downtrend?
This is important because I would like to follow its price trend. Following its price trend gives me an edge, increasing my chances of profitability.
Since Apr 2025, its share price has been in a steady uptrend.
Market participants are optimistic, so I should be looking to buy its shares for a swing trade!
It would be better if Cameco’s shares were better than the S&P 500’s because I’m looking for a larger return than the market’s.
Let’s look at the comparison chart above.
While the S&P 500 had dropped 2.5% in the last 3 months, Cameco’s shares have risen a commendable 8.6% in the same period!
I’m beginning to like this stock!
Are there more to analyze before putting my hard-earned money into it?
How Explosive Is Cameco (CCJ)?
Because I’m looking to buy the shares of Cameco for the short term, I want its shares to be explosive, repeatedly.
So, I’ve marked out its huge upward bursts and measured them.
In the past 11 months, its shares have burst upwards 24 times. Each of its upmoves measures between 5.1% and 30.5%!
After discovering that Cameco enjoys a huge market capitalization of over $22b, I was blown away.
The shares of companies that enjoy such a huge market capitalization aren’t usually explosive. But Cameco’s shares are of a different breed!
There’s also an advantage to trading the shares of huge companies – they are less prone to manipulation, adding a layer of assurance to my hard-earned trading capital.
I can’t wait to buy its shares for a swing trade.
But should I buy them now?
Key Price Levels
Should I buy its shares for a swing trade now?
When I 1st began trading, I would rush to buy its shares.
After losing money by doing so, I realized that it’s better to wait for its share price to return to its key levels (aka support and resistance areas). This approach has saved my students and I from countless heartaches.
Hence, I shall uncover its key price level to help me determine whether the time to buy its shares for a swing trade is ripe.
Did you also spot a support area around $50?
Cameco’s share price tends to turn at this price area, proving it to be a strong support and resistance zone.
Therefore, I wouldn’t want to buy its shares now. Instead, I will wait for its share price to dip to around $50 and bounce. This is a more favorable price to buy its shares for an explosive swing trade, increasing my chances of success.
Here’s a pro tip: Instead of staring at your screen, you may want to set a price alert on your broker’s platform to be notified so that you can spend precious time with your loved ones.
Which Instrument Should You Consider Using?
Do you ever wonder about the instrument used to trade explosive stocks?
With 3 main trading instruments available – stocks, contract-for-difference (CFD), and options, you wonder which suits you best.
Since stocks (as an instrument) is easy to understand, I shall focus on CFD and options.
Here are the main similarities and differences:
CFD works like a mirror to stocks. When a stock rises $1, its CFD rises $1.
However, due to its unique pricing mechanism, your options price doesn’t rise by the same amount. In fact, depending on the market conditions, the price of your options contract may even drop!
Your CFD broker will charge you a finance fee for lending you money for your trade. However, no lending is required for options, so there is no finance charge.
Because there’s a finance charge by your CFD broker, CFD is not the ideal instrument for mid to long-term trades. On the other hand, options allow you to implement different strategies across time horizons.
Both CFDs and options are leveraged instruments because they allow you to control a larger market position with a smaller amount of capital.
While CFDs do not have an expiration date, options traders must pay attention to the expiration date of their options contracts.
You must be thinking, “What’s the beauty of trading options?”
Options are like smartphones. You can choose to use a smartphone for its basic or advanced functions.
And options don’t have to be all about Math and dry!
It can be made easy to understand through real-life analogies.
In the same way, you can implement basic and/or highly advanced strategies depending on your level of comfort.
Options allow you to be versatile in adapting to the shifting market conditions and capturing opportunities in the process.
Are you a CFD or options trader?
I’m glad to be fluent in both.
Finally, this is for educational purposes. Please perform your due diligence.
All images are taken from pexels.com, pixabay.com, sectorspdrs.com, tradingview.com, and unsplash.com, unless otherwise mentioned.
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Many new traders are often left confused by conflicting signs and signals.
Worse still, ~80% of traders lose money.
This is because trading isn’t just about skill alone.
It includes the mastery of your emotions.
But what if I told you that you could quickly gain control over your emotions of fear and greed and master the stock market?
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