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.
hey spike, hows smsc lookin ? Thanks
BTW, when are u gonna have ur Creme of the Crop #3 ? =]
hey sekto, SMSC sets up long; see this post earlier today.
Creme of the Crop #3?!?! You betcha. As soon as MM does his next data dump I'll be running the filtering and posting the Top 10 candidates that will make up #3. I can't wait.
I'll post how they're going now while you remind me.
Crop #1: If you recall, the SuperStock was MCO. It's been slow, but it's green and outperformed the broader market while it was sideways, so no complaints at all. It's starting to move now though
Crop #2
Has just been on fire. Clearly the SuperStock from this crop has been MDR. I don't know why I haven't taken it long in POTW the last 2 weeks! doh! Just waiting for the weak ones to fall off. Might be waiting a while lol... and no complaints cuz while it's diversified there's less risk.
Credit MUST go to MM's model. It finds some GEMSI tell ya! Ya just have to pan for the nuggets of gold and leverage the strong ones, and presto, you get these kinds of results.
But there's only been 2 crops, and who knows what is in store for 3. But I'll tell you this: There's stop-limited DOWNSIDE with this system, and 'let the winners' run methodology too. They are 2 essential ingredients to success, and I can't wait for the next one!
Hey Spike I'm posting the POTW scorecard at 700 wide now.... Is anyone having trouble with that running too wide or off your screen?
Not me. I think for MM to enjoy his viewers seeing his photo gallery on each page our images have to be 640 wide??? PM Karel to be certain of that though.
Spike,
Is STX heading for a correction? Thanks
billyjoe
yes I think an abc isn't too far off. No time to do a chart now, but I think it is due a very small 5th up within a bigger 3. Then will come the abc, perhaps down to $21.00, then a bigger fifth up.it hasn't done an upper channel tag yet on the daily. That's at about 24.30. the weekly upper channel is about 24.50. long-term channel resistance is over 30.80 (having turned up now) so I wouldn't be surprised if i booms! there is nice volume by price support from 18.00 that is driving this impulsive behavior. on the weekly, it looks more certain that it is in a three of three of a bigger five. I think it would be worth holding a long if you have one in good profit, and close it only if there is a c failure.
YM: Just added again at 11050 after the push stop out this morning.
Man today's busy! This wasn't the right action for me; closed it at resistance for -3. Still holding the first from 11024. I'm not falling for no bear trap today dmk! haha Actually, in all seriousness, Vector is weakening, so we could be headed south soon..
Considering recent 'booming' action I pointed out, this makes for a very valid long setup. Keep stops no worse than 2.5% risk from current prices of 39.40 makes for a reasonable r/r if you're optimistically looking for another 5 waves up short-term.
Comment