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Alias Born | 05/10/2004 |
Tuesday, March 27, 2018 7:24:30 PM
That said, I run a screen every night using a product called Stockfetcher.... not advertising, mind you, but just being clear because the thing it allows is for a really customized screening. I have about 200 screens set up for various situations.
Anyway, I just went through the stocks that were found by yesterday's screening, which generally finds stocks that I will trade the next day. Its a winnowing process, but it finds trade setups every night. Usually, because I'm kind of experienced, I get at least 1/2 a dozen stocks that perform well the next day.... 6 or 8 out of, oh.... about 15 or so stocks in a nightly list.
So, guess what I just found out (and I've never seen this with one of my lists before)? There were about 27 stocks in last night's "Next-to-final-cut-list", from which I had pulled together 14 that were the best looking setups for today. Heres the point: not one single stock would have made me money today. Not one. That is HIGHLY unusual. In fact, I don't recall ever having whiffed completely before on an entire select list. Never.
My point, as regards to what this means in relation to ZN, is that ZN fared like every other stock that, on another trading day, might have been at least a break even.
My take is that the market is genuinely cracking apart. Everything except the short side ETFs are cratering. I don't think ZN is deserving of getting cussed about. Thats my point. Its a full on break down that I see happening. Saturation failure in all sectors.
So, ZN cratered today. If there is no news tomorrow, I expect it to behave like everything else does. Sad that we are in this place, but its not a Zion thing. Its a whole market thing. And fact is, if they find oil, then when they PR the news in April of this being the case, the present drawback in price is a very pregnant opportunity to accumulate.
My view from the cheap seats.
:o)
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
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