Don’t get too caught up in Fed watching this week because you may miss out on some great opportunities. After a couple of weeks of intense market action we’ve finally got a sense of normalcy. With this normalcy I’m seeing a lot of stocks regain strength and test their pre-existing 52-week highs. Buying into this strength is a great idea. If a stock can recover that quickly from a rough market, imagine how it will perform in bullish market conditions.

Some of the best trades I’ve made have occurred when I’m buying into strength. You have to be careful because you don’t want to be the last one in a crowded trade. But the good news about being late to the party is there’s only one chance for you to be wrong. It’s a lot less risky than trying to time a market reversal or picking a bottom.

A system that should work well is this market is picking top Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks that have Momentum Style Scores “A” or “B” that are at or very near 52-week highs. These stocks are leading the market out of the hole and could continue to break out to even higher levels as the market probes higher in search of a new value area.

Here I’ve come up with a list of the top five stocks that are lighting up my stock screen today.

Dave & Buster’s (PLAY – Snapshot Report)

Dave & Buster’s is the leading owner and operator of high-volume venues that combine entertainment and dining in North America for both adults and families. Founded in 1982, the core of the concept is to offer guests the opportunity to “Eat Drink Play Watch®” all in one location. They offer a full menu of “Fun American New Gourmet” entrées and appetizers, a full selection of non-alcoholic and alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events.

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