$MRNA  +53.92%   Since  Follow  Thru  Day

"The first step in learning to pick market winners is for you to examine leading winners of the past to learn all the characteristics of the most successful stocks."

By Willian J. O'Neil (Founder of Investors Business Daily)

"Recurring patterns occur over and over because stocks are driven by humans and human nature never changes."

By Jesse Livermore (Greatest stock trader of our times)

https://youtu.be/KOVEzCIGAyA

I am posting a video of Mr. William J. O'Neil (Founder of Investors Business Daily).  He takes the time to explain the skills required for reading and understanding the stock charts.  The stock charts express the human behaviour of the institutions (hedge funds, mutual funds, pension funds) who control  70%  to  80%  of the daily trading volume that occurs in the stock market.  Most retail traders are focused on the news media about the pandemic and unemployment numbers of 22 million people that are filing for unemployment.  Last week we heard in the media about the breakdown of oil prices.  Some of the Growth Stocks have been breaking out during the last 3 weeks since April 2nd when we had a  "Follow Thru"  day.  It's best to social distance from the print and tv media coverage.  It's better to be data driven and let the stock charts tell you the story instead.

Past history of the stock market suggests that when we get a successful  "Follow Thru"  day, leading stocks tend to gain  +20%  to  +30%  or more within 2 to 3 weeks of such days.  In my post on Sunday March 29th, while the market was still under correction, I had published a list of 19 stocks that I was monitoring.  They had  RS  ratings of 94 and above with the  RS  line reaching all time highs.  They were all trading above the 50 day sma (simple moving average) and some of them were  trading above the faster moving 20 day sma.  These were the leading stocks while the market was under correction.  $SPY (general market performance index) and  $QQQ (growth stock index)  were trading below the 200 day sma at that time.  If one had invested in all these stocks on  Friday April 2nd  at market open (Following the IBD rule of dipping your toes in the market with a small starter position during a  Follow Thru  day), the results of each of those stocks as of Friday April 24th (3 weeks) is highlighted below:

Stocks on my watch list:

1. $AMZN   ... +26.11% (gapped up Jan 21st)
2. $AMD     ... +26.82%
3. $CHWY  ... +25.00%
4. $DOCU  ... +24.70% 
5. $DXCM   ... +26.11% (gapped up Nov 7th 2019 and Feb 14th 2020)
6. $GSX      ... -15.47%
7. $MSCI    ... +14.78%
8. $NEM     ... +30.76%
9. $NFLX   ... +18.10%
10. $NVDA   ... +14.03% (gapped up Feb 14th)
11. $PLMR   ... + 3.36%
12. $RNG     ... + 9.01%
13. $TEAM   ... +18.54% (gapped up Jan 24th)
14. $ZM         ... +27.76%
15. $XLRN    ... +20.52% (gapped up March 2nd)
16. $KPTI     ... +43.89% (gapped up March 2nd)
17. $MRNA   ... +53.92% (gapped up Feb 25th)
18. $MNTA   ... +33.86% (gapped up March 10th)
19. $RCUS   ... +91.29% (blog post April 19th)

Average return for all 19 stocks ... +26.02%

$SPY  returns during the same period ... +12.85%

$QQQ returns during the same period ... +15.28%

Stocks on my watch list performed  +70%  better than the  $QQQ and performed  +100%  better than the  $SPY.   

Happy Trading!

Amin