The stock market is clearly in a topping process, but we still have several stocks that are making money in these times. The wise thing to do would be to allocate only 5% of your money to a momentum stock right now, but if your 5% happens to be $5,000 currently, you could probably make another $1,000 or more with that money. One of the best performing stocks over the past six months is SOXL, the 3x semiconductor ETF. When you invest in SOXL, you are buying into the whole electronics field of computers, smartphones, and other gadgets that are in demand. The stock has gained more than 79% in six months.
How has SPY, the S&P 500 ETF, performed during the past six months after the 29% run last year? It is up less than 10% since December. SOXL has clearly moved to the head of the pack. I'll keep looking, but I don't know of any ETF that has done better than SOXL. Smartphones and tablets will continue to be in great demand, also. This is one of the few stocks I would trust in the latter stages of this bull market. Click on the chart to expand it.
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