Can You Time The Market ?
Absolutely!
I am not a "Buy and Hold" investor. I am a Growth Stock investor. In my blog I was cautioning my followers 3 weeks ago to have a trailing stop on stocks that had a +5% profit. Market had over 10 distribution days and that was the time to start accumulating CASH by harvesting profits and staying on the sidelines. I had prepared my readers that new leaders will emerge and they most certainly did Monday morning April 24th. Market went into a "Confirmed Uptrend". That is a sign that the market health has improved. It is also a sign to enter into the market with your ready Stock Watch List. That is how I Time the market.
Here is a list of stocks that I had identified as winning stocks in my last 3 weekly blog posts. They were poised to be the leaders when the market conditions improve. These were the stocks that had RS ratings above 90 and they were trading along the 8 day ema (exponential moving average) while the general market was consolidating and trading sideways. This is a sign of institutional support for the stocks and those are the ones that retail traders ought to focus on. I have highlighted the performance of these stocks as of 1.30 pm on Wednesday April 19th (half way thru the week)
- $ADBE (+1.09%)
- $AEIS (+5.49%)
- $AMAT (+2.49%)
- $APO (+6.20%)
- $ATVI (+2.55%)
- $CGNX (+2.50)
- $CIM (+0.88%)
- $CHTR (+2.29%)
- $CRUS (+2.24%)
- $DIS (+1.24%)
- $GMS (+3.37%)
- $GTN (+3.82%)
- $HDB (+4.85%)
- $IBP (+1.12%)
- $IDXX (+2.26%)
- $LRCX (+3.82%)
- $MKSI (+5.27%)
- $MOMO (-3.47%)
- $PCLN (+2.41%)
- $RAI (+1.30%)
- $SNPS (+0.89%)
- $SWKS (+1.11%)
- $ULTA (+0.40%)
There was only one losing position ($MOMO) in the last 2 and 1/2 sessions but that stock is still trading above the 8 day ema and still a leader in the market. I will review all these positions during my stock research that I do every weekend and update you in my blog post on Sunday night.
Happy Trading!
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