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.)
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I'm pretty sure PKZ has been bought out, hence the super tight base...but it did move today...so this brings me to the thought: what happens to the stock when it gets bought out, do you still trade it?
FC triggers long. Did not play it because money flow just is not there.
few add ons tonight
KCS MICU SNWL PKZ
I like PKZ the best right now.
CNQ is a stock I mentioned on NB’s thread and is moving in pre-M. Might be getting ready for a little pop. This chart shows a 150day LinReg channel with a 25day extension. Might make another run to the upper channel.
DMK first glance of SNWL appears to show a wide and lose trading pattern. Looks like it tried to clear old highs from Jun but lost some MO. Might pull back in the base..
Here is my take on AAPL. This stock has been one heck of a power horse and for now I remain BULLISH on AAPL….Notice also you do not see any spike highs or lows..
Weekly charts:
ALD AGP AACC T BBD BNN COH FVD HAS MCIP MYK HOC
Keep an eye on BNN this stock has continued to show strength in this market. The stock has generally been in a uptrend since 2000. Recently this stock broke out of 10 month symmetrical triangle and has gained 15.83% in the last 30 days. Volume flowing into this stock has also been very positive over the last 30-45 days. Since the break out it looks like it is currently in a 3rd wave up. One could wait for a P/B and enter the end of the 4th wave and ride the 5th up.
I picked this up on my screen back in May and forgot about it. Happens all the time, but the question to ask is do you think the party is over the train is nearing its destination? This stock is sitting in new high ground with zero overhead resistance.
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