How Good is Your Stock Watch List
"Market is in correction" and the best advice I can give to every trader and investor is:
- Stay in CASH.
- Don't allow your winning stock positions to morph into a losing one.
- Be very disciplined and use trailing stops.
- Follow your Trade Plan.
- Go to the beach, relax and watch the gorgeous sunsets (If you are like me and living in Florida).
- Build your Stock Watch List.
Market will eventually give you an opportunity to get in, just as it did on a "Follow Thru" day on Feb 14th. Your best chances of making a profit in a stock is in the first couple of days when the market goes into a "Confirmed Uptrend". This can happen only if you have a good stock watch list ready. I had identified a trade on $ABMD in my post on Valentine's Day (follow thru day). It's already +16.82% (116.7% annualized) in the last 7.5 weeks. All the 3 major indexes are perilously at the 200 day sma(simple moving average) while $ABMD is hovering close to the 21 day ema(exponential moving average) for the last 2 weeks. That is a sign of a stock that the institutions are supporting and not ready to give it up. These are the kinds of stocks you want on your watch list.
Compare Your Stocks To $SPY And $QQQ
If you are an active investor and a trader that focuses on Growth Stocks, its imperative that you always compare the performance of your stocks to these two indexes. Stocks that you own or stocks that are on your watch list ought to be the leading stocks in the leading sector. Get rid of the laggards and focus only on the leading stocks. They ought to be the best stocks technically as well as fundamentally. You have the best chance of profiting in a stock that has an RS ratings of 90 and above with the RS line approaching new high ground on the stock charts.
Here is My Stock Watch List of 25 stocks that was in my post last week with resistance lines identified. $SPY and $QQQ are hovering around the perilous 200 day sma while my stocks are all hugging the 21 day ema. They all have an RS ratings above 90 - most of them have ratings of 93 and above. These are the stocks that the institutions are holding onto and building their positions while they are dumping other 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 two 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:
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.
Contact us at:
investorspotlight@gmail.com
Happy Trading!
Amin
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