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It's Friday and You Know What To Do

Adam Hewison - MarketClub

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It has been quite a week! It's Friday and time to look for new 52-week highs in the markets. It was a strong week for the indices and several of the markets I am following, so after a quick recap of the major markets, I will show you how to find new 52-week highs and the rules you need to trade them.

Here are the only three rules you need to trade "The 52-Week New Highs on Friday":

Rule #1: On a new 52-week high when the market closes at or close to its high on a Friday, buy and go home long for the weekend.

Rule #2: Exit long position on the opening the following Tuesday.

Rule #3: If the market opens lower on Monday, exit this position immediately.

"The 52-week New Highs on Friday Rules" work extremely well in futures and in Forex.

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