Make Money While You Sleep
Gregory W. Harmon | Mar 04, 2015 03:33PM ET
I spent some of my formative years trading financing products in the bowels of the banking system, repo, buy sell-backs and swaps. These products were not flashy but they had one thing in common -- they accrued income every day. We used to joke that we made as much money on weekends and while sleeping as we did at the desk. It is not that easy to make money in stocks and options trading, though. But I may have found a way to cash in on sleep.
Tempur Sealy International (NYSE:TPX) is the maker of the most recommended mattress according to its website. The price chart above shows some interesting movement. Not so much over the November to February period, but the action after the dump down to 49 following its earnings report on February 5. Since then it has taken two steps higher and is back near the November peak. It is notable that this move comes during the slowly rising 200-day SMA.
Also worth noting is the relative strength it is exhibiting in the current short pullback. It has almost lost nothing. Watch this stock for a break over 57.50 to add to your portfolio for a ride higher and come as close as you can to making money while you sleep.
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