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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Having run my scans I’m just not seeing many that have been setting up from a base. Normally when the market is trending I’ll get a slue of stocks setting up long. Here are the only ones I’m seeing that might be setting up for a possible swing.
FMD- basing since March and currently showing some forward momentum
RAH-basing
CTCI-trending real nice out of a nice base
ANDE- trying to pop out of short base
ABAX- trying to accelerate out of base
RSAS- popped out of base and missed first pullback
ENS- nice base and trend acceleration and chart looks pretty good
Hopefully you are right about ABAX...I paid 22...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
That day of the big drop is the day I bot it...it appeared to be reversing intraday at the time and I thought it had bottomed...went up a little bit after I got in...but reversed...However, I had plenty of time to get out with a 10-20 cent loss...In retro I should have since it was a medium sized buy...But when you gotta angel in your pocket....
Thx for the chart...Doug(IIC)
"Trade What Is Happening...Not What You Think Is Gonna Happen"
[QUOTE=Runner]Having run my scans I’m just not seeing many that have been setting up from a base. Normally when the market is trending I’ll get a slue of stocks setting up long. Here are the only ones I’m seeing that might be setting up for a possible swing.
FMD- basing since March and currently showing some forward momentum
RAH-basing
CTCI-trending real nice out of a nice base
ANDE- trying to pop out of short base
ABAX- trying to accelerate out of base
RSAS- popped out of base and missed first pullback
ENS- nice base and trend acceleration and chart looks pretty good
Of stocks just mentioned I like ABAX ENS FMD the best with possible triggerline over last close.
QUOTE]
I’m happy with last nights stock selection as most of then pulled through today. I’ve traded ABAX and ENS and just went flat.[/
Thanks LYE, you have a good one also. I’ll not be on the net tomorrow but here are a few stocks that I’ll be keeping an eye on. I like to find stocks that are basing from a possible bottom. Normally after the market corrects the high flyers will not fly as high and new leaders may arise. These stocks have been showing signs of bottoming and might be worth keeping an eye on. Some of these have been in forward momo mode. I like the first pull back after a break out of the base, if the chart looks right.
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