Investor Spotlight

Sunday, April 1, 2018

Market is in Correction

IBD (Investors Business Daily) finally changed the status of the market to "Market in Correction" last week. I was alerting everyone in my posts two weeks ago to start reviewing the trailing stops and adjust them. We were piling distribution days (days that institutions are selling instead of accumulating shares of stocks) since Feb 28th. $DJI and $SPY had already fallen below the 50 day sma (simple moving average). Institutions use that line as their initial line of support. Growth stocks tend to drop twice as fast as the the general market does during distribution days. I was tweeting last week to alert everyone not to allow a +10% or more of a profit in a stock to morph into a loss with the distribution days sending the $SPY and $DJI down to the 200 day sma. Currently they are hovering around the 200 day sma. This is the time to accumulate CASH and stay on the sidelines until the selling by the institutions ceases.

Stock Watch List

April is traditionally the best performing month in the stock market. 75% of the stocks remain in synch with the major indexes of $SPY, $DJI and $QQQ when the market corrects. There are always some stocks that don't budge during correction. These are the stocks that the institutions are not willing to part with. These may end up being the leading stocks when the market begins to resume its uptrend. Here are 25 stocks that I shall be monitoring this week. They are hovering above the 21 day ema(exponential moving average) and consolidating. They also show an RS ratings of 90 and above. I have identified the resistance line for each of these stocks.

$ABMD (304.28)
$ADBE (231.34)
$BZUN (48.75)
$BR (109.13)
$BURL (128.93)
$CASA (32.54)
$CLR (58.89)
$CPRT (50.71)
$DK (39.43)
$ETSY (26.23)
$EW (138.48)
$FND (51.48)
$HQY (60.00)
$NOW (175.99)
$NFLX (333.98)
$NKTR (104.93)
$OLLI (60.49)
$PAGS (35.80)
$PAYC (110.25)
$PGR (60.38)
$RHT (157.22)
$SCCO (53.78)
$SEDG (55.55)
$SGH (51.19)
$THC (24.96)

Mentoring Program

Were you panicking last week when the market was correcting? Did you know how you could have mitigated the loss to your portfolio?

Do you know how to scan for growth stocks that will lead the market when institutional selling ceases?

If you are feeling sick to your stomach with the market correcting for the last 3 weeks, than you need to make a commitment NOW to learn:

How to TIME the Market?
How to find the Winning Growth Stocks?
How to Buy the Stocks Right?
How to Plan your Trade for Profit, Loss and Time in the trade?
How to Sell your Stock Right?

Classes for April are full and there are just a few slots left. Hurry and secure your spot before they all fill up this week. Schedule a FREE 30 minutes of "Discovery Call" with us and see how best we can help you become a consistent and a profitable trader and an investor in 2018. Don't procrastinate and pass up the opportunity of making a difference to your portfolio. Start out now with a resolution to invest in your education.