Tuesday, March 28, 2017

Stocks that survived the carnage

Here are some of the Growth Stocks that have done well. One thing to look for in strong growth stocks is to look for institutional support.   They account for  70%  to  80%  of the market volume. We as individual Retail investors ought to follow the institutions to benefit from profiting in the market:
$cgnx, $aeis, ,$veev, $amat, $idxx, $pcln, $crus, $momo, $atvi, $lrcx, $ulta, $vmw
These stocks held up well on  Friday  Mar  24   and   Monday Mar 27.   They did not breach the   50 day sma (simple moving average) while the other   3 indexex  -  $DJI, $QQQ  and  $SPY  breached them.   Institutions decided to hold on to these share and not supported them.
There may be sector rotation going on too into   Consumer Discretionary ($XLY)   and   Consumer Staples ($XLP)  Following are some of the stocks that are trading along the  10 day sma  while the market is correcting:
$mar, $hd, $low, $dis, $edu, $tal, $pnra (indicating strong RS line and pointing up last several sessions)

Happy Trading!

Amin

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