Bulls Were  GORED  but Survived

In my post last week, I alerted my readers to the possibility of the market turning lower during the week.   Friday Sept 19th was brutal with all the 9 major sectors slicing below the  50 dma  (day moving average)   $XLK (Technology Sector)  was the only sector that was spared and it just kissed the  50 dma   and bounced off it the next day in heavy volume.   This was the only sector that was heavily supported by the institutions.   It bounced up  +2.24%  for the week while the   $SPY   got stunned and stayed around  213.38  mark for the whole week.   $QQQ  on the other hand, bounced back up   +2.63%   from the 50 dma  in volume more than 50% above average daily volume.   The strength of the market is derived from the technology names.   Most of the Stocks on my Watch List in September have been in the Technology Sector

Results of Stocks on My Watch List Last Two Weeks

There were 12 stocks listed in my post in the last two weeks.  I thought my readers would like to know how they have performed during the  carnage  in the market in the month of September.   7  stocks had a cumulative gain of  +17.24%  and 5 stocks had a cumulative loss of  -15.93%  for a total gain of  +1.28%   That was an impressive performance during one of the worst months of the year.   $SPY   results was  -2.29%  while the leading index  $QQQ  did just  +0.15%  in the same time period.   Following are the results for each of those 12 stocks:

Winners

1. $NVDA   +0.50%
2. $GRUB   (stayed within a penny)
3. $BABA   +5.43%
4. $FB       +2.02%
5. $IP        +0.14%
6. $ATVI    +5.03%
7. $AMAT  +4.12%

Losses

1. $ACIA   -0.28%
2. $EBAY  -0.38%
3. $PE      -1.96%
4. $CLR    -9.0%
5. $PBR    -4.31%

Mentoring Services

If you would like to learn our process of identifying winning growth stocks, sign up for our mentoring services.  We are planning on offering a very  Special Webinar  for  60 - 90 minutes session on

"How I scan for Growth Stocks and How I create a Trade Plan"

We will have a limited size class for this webinar.   If you are interested in attending this webinar, please contact us at:

investorspotlight@gmail.com

Happy Trading!

Amin