This week we are going to look for stocks that are in up trends, close or at their 52-week and all time highs, as well as trading above their 20 period exponential moving average. We use an exponential versus simple moving average because it places more weight on the most current trading day. We also want to make sure the 20-EMA is in an uptrend and above the 50 period moving average. Wait for a close above the high of…
As we flip through our scans and watchlists we notice many more stocks breaking to 52-week highs than 52-week lows. As a matter of fact, there are hardly any stocks making 52-week lows across the board. Keep looking out for stocks that are relatively strong and weak to the market as a stock’s value is influenced by the rising and sinking tide of the market. Long: ASML, AWH, BP, BR, BRCM, CYMI, LPL, NTGR, OSK, SBUX, ULTA (w/ caution) Short:…
We are watching for stocks that are not too overextended in this market, yet breaking out. Preserving capital for the next few weeks as big money traders begin to flow back into the markets. No blog next week.
Watch for stocks that are relatively strong and relatively week to the NASDAQ this week. Once we break in one direction or the other, the relatively weak stocks should tank and the relatively strong stocks should spike.
It may seem odd, but stock picking actually becomes more difficult in times. When markets are on runs higher many stocks are just rising with the tide. As it goes, “a rising tide lifts all ships,” so picking out strong stocks that have pulled back can be tricky. We like AAPL and BIDU on a breakout of its consolidation levels, however AMZN is forming a descending triangle with room to fall. Buy breakouts for short term swings and record weak…
A strong list of bullish names in last week’s watchlist helped drive the market higher, although at a mixed rate with some stocks holding their gains, others giving them back after breaking out. We continue with a bullish bias and will be looking at these names in the week ahead. AN, AWH, CMG, FIS, MGG, MV, SLAB, STEC, TEF, VECO, BMI & MSCC ended the week lower and GHDX is forming a good entry point here. We are also adding…
Look to stocks that act relatively strong or don’t pull back as much in relation to the market. Here’s a list of some of the strongest stocks in the market, any pullback in the broader market will provide a good entry for the following stocks that hold up relatively strong. Watch Price and Volume! AAP, ABV, ACM, AGL, AGNC, ARO, BIDU, CERN, CML, EBR, ENI, FUQI, GMCR, HMSY, HTS, LL, MFE, MJN, MV, MVL, NEU, NTES, ORLY, ORN, PWRD, ROST,…