Sadly not enough. Being doing well lately - not trading - and watching the junk rise. (save for the TV show in Mexico with MR; never had a desire to go to that hole and no idea why I invested in that place either).
The one that has been on the list for a while is VTIV. They are in a consolidation period now. Similar to AUDC in ways (save for the volume not high enough to make my scans). Lately the weekly fall off in prices doesn't look good but they still have a rising EMA weekly and the daily has downward stochastics and below the EMA. Been a steady climber for a while. Have to see how this thing cools off. The positive sign was the kangaroo tale on the daily yesterday.
Now one other was NEU - saw that yesterday on the IBD Big Movers (Down) - lovely weekly and daily fell off the chart - and is recovering today.
Two problems
(A) NYSE asking why their price dropped so much on Monday and it continued on Tuesday (they are recovering today). Mum about it.
(B) On stop buy - you would lose a great deal of yesterday's loses. I know there is a system that needs to be developed to help pick that price - for these kinds, but not there yet.
Based on those two criteria I would pass on it.
SBUX - On my watch since 34 (its price not my age). Again similar stuff. This one is in WAIT mode albeit the daily is a little sloppy. Weekly is weakening but EMA is still strong.
A good down day could prove to be a good entry point.
But in the end AUDC; VTIV and NEU (and SBUX somewhat) are all in the same SoB camp of what I am looking at. These are what I would trade based on a down day yesterday and buying on the reversal.
Going forward my plan is:
(A) Place a buy stop the night before
(B) Review during the day if it got hit; revise or remove accordingly
(C) If bot immediately place the sell stop
Too much time wasted on watching the screen. Playing the bigger stocks, IMO, allows me to move things into automatic pilot to a point.
So I cannot offer more today but promise in the coming weeks to point out a few that are similar. My scans basically weed out stuff I don't want to look at; then to pick out stuff to look at. No black box - here are three buy them. My eyes need to review the charts still.
Between heavy work load lately and taking on the Fundraising position at our school, little time to continue my scan development. But will keep you posted Chary.
Blaker Blaker!
"When you have to shoot, shoot. Don't talk."
Tuco (The Good, the Bad and the Ugly)
"An umbrella with holes is better than no umbrella at all."
Dr. Alexander Elder on using stops.
AI
