I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
Good call on the metals guys. Now. How much further?
Who knows with any certainty. I've not looked at a chart all last week and will need to get back on track. I noticed I was early to my GOLD play and got a quick stop out before the real move.
I’m seeing a lot of groups got a nice wide range bar down today and this puts me in a defensive posture. Not reading much into today’s action alone but I will be looking for transitional set-ups going forward. Many groups have busted down out of their channels on a daily. If we continue to thrust down for a few days we might see some set ups on the short side.
Here's something regarding gold and silver sectors that I found interesting. I'm still holding the gold ETF GLD from 46. Looking for a breakout in both gold and silver and some related stocks in those two baskets AEM being one of them. I've been holding 1000 shares of GLD since last May and if gold breaksout and goes to 69/70 range from todays levels as I expect it could, I'll be exiting the position before years end or sooner.
The Office Supply group appears to be trying to roll over. Nice sideways action for a few months and then a nice thrust out of the range. I don’t see any set ups in the group yet but maybe next bump up or retest of gap might offer a short play…
I am seeing strength in the oil and natural gas service stocks, today. If this continues to Friday, we might be in for another rally in the sector, soon. The size of which would be the real question...
Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
Comment