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“If you own a portfolio of stocks, you must learn to sell the worst performers first and keep the best a little longer”-WILLIAM J ONEIL
LASTWEEK WE HAD A PULBACKS ON BOTH MAJOR INDICES AS I STATED ON LASTWEEK NEWSLETTER,INDICES HAD NICE BOUNCE OFF 10-DAY MOVING AVERAGE ON VOLUME,EVEN IF WE CAN GET ANOTHER PULLBACK TO 21-DAY MOVING AVERAGE WE WILL STILL BE ON A POSITIVE SIDE.
NASDAQ
S&P 500
I USUALLY SELL LAGGING STOCKS AND ADD TO THE BEST MOVERS (LEADERS)
HERE ARE LIST OF STOCKS WHICH I HAVE BOUGHT OR I’M LOOKING TO BUY ONTO THIS WEEK.
MY STOCK PERFORMANCE RATING IS A+,A,B AND C WITH A+- BEING THE TOP AND C-BEING NORMAL
RATING : A . GOOD IPO ,WILL BUY AT PIVOT POINT ,REMEMBER TO TAKE PROFITS MOST OF IPOS WITH LESS THAN 6 MONTHS ARE VOLATILE
RATING; B . I STILL HAVE POSITION BUT THE STOCK IS EXTENDED NOW
RATING:A . I HAVE POSITION BUT ITS EXTENDED CURRENTLY FOR NEW BUYING
RATING:A . I HAVE POSITION AND I WELCOM ANY PULLBACK TO THE KEY MOVING AVERAGE (10,21, OR 50)
RATING: A . WAITING FOR ER TOMMOROW (I HAVE NO POSITION)
RATING : B . I DONT HVE A POSITION BUT THE STOCK IS ACTING WELL AND EXTENDED
RATING ; A . STARTED A POSITION ON THIS
RATING ; A . STARTED A POSITION ON THIS
RATING: B . I DONT HAVE A POSITION AND THE STOCK IS EXTENED
RATING: A . I DO HAVE A POSITION ON THIS WILL ADD PAST PIVOT POINT (BLUE)
RATING: B. I DONT HAVE A POSITION THIS AND ITS NOW EXTENDED
RATING: A . I HAVE A POSITION AND I’M LOOKING TO LOCK IN SOME GAINS THIS WEEK
RATING:A . GOOD ACTION LASTWEEK AND I’M STILL HOLDING MY POSITION
TML FIVE TRADING RULES
1. Buy the stock as it break above base or trendline on above average volume
2. Sell -4% to 7% from buy point,intra-day
3. Take gains 20-30% above buying point
4. Use trailing stoploss to protect your gains
5. If you have three straight failure -4% to 7% ,stop buying and do postanalysis
THANK YOU FOR YOUR TIME
NB;ALL GRAPH/CHART IS FROM MARKETSMITH APP WHICH IS IBD TRADEMARK. You can join here : https://bit.ly/3nRmIzu
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