Savvy Trader Companion Thread

[Sam "Raven"]

The SSRatio made a jump of 0.33 to +1.83 favoring buying, the estimate of market risk remains low. Various indicators are hitting levels that are seen at market tops, making all the fear and discussion about these indicators one of the more bullish things the market has going for it. The SSRatio is also at the upper end, though I wouldn't be surprised to see it pop over 2 this week. Since the SSRatio moves relatively smoothly, I'd wait for it to show a top before becoming cautious, and for it to go negative before being bearish.

I've put both the turnaround stocks and the breakout stocks in a table, like the short term trades are when those are screening out on a regular basis. This will hopefully make it easier to pick from the list between all the alerts, and give guidance for setting stops and potential target sales. Since breakouts can climb without established resistance I'd recommend a trailing stop, keeping in mind that well over 80% of all breakouts fall back to support within a few days.

Sam
http://www.savvy-trader.com