Stay tuned for future updates and the return of weekly chart analysis and soon to come…video watchlists! Until then, here’s the idea’s for this week.
Week 18 Recap
Profitable:
QSII broke out and setting up for yet another entry
CPSI broke out nicely
There were very few stocks with showing our entry signal so here are a few to keep on your radar and awaiting a good entry point.
AAN, ARST, CPN, CPSI, CYOU, HANS, MVSN, ORLY, PTRV, QSII, TECHWeek 18 Recap
Profitable:
QSII broke out and setting up for yet another entry
CPSI broke out nicely
Still Waiting:
ARST still waiting
Failed before entry (no harm, no foul):
PNRA Broke down on earnings (we never hold a full position over earnings; unless we have a profit going into earnings we usually close the entire position. Pay attention to those earnings announcements).
DRI, FWRD, HRS, & VIVO Never triggered as well
As you can see, by sticking to our trading entry and exit rules we eliminate fake out trades and have an extremely high success rate. 2/2 for trades placed on the week, not too bad in a sideways market.
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