*** Still learning to moderate the board and had to delete post #19 due to error in moving ONCI to HOLD instead of BUY < still human > ***
Been busy Christmas/post Black Friday shopping with family this evening and just got back.
I did a quick running of charts to update the Watch List and will run the stock screener over the weekend and post pertinent annotated chart reviews.
Consider this - Over the decades, I have noticed during/post Thanksgiving holiday a widespread drop in trade volume and "interesting" trade patterns that make charts less trendable. This is likely from professional and retail traders (That's us) traveling during Thanksgiving/Christmas/New Year's day holidays and temporarily not trading or less actively trading which drive remaining smaller number of traders to more quickly migrate/rotate through rebounding stocks with perhaps greater caution and less confidence.
So during this time, anticipate volatility with some stocks (which benefits short-term technical swing traders like me) and increased/more frequent profit taking (As we have seen with stocks like RGSE/NLST/SHMP).
And these are additional reasons why I now only conduct short-term technical swing trading versus longer-term fundamental trading as I have the flexibility to quickly BUY/SELL within days and move unto other rebounding stocks instead of bemoaning volatility and/or sudden drop in share price over weeks and months.
GLTA
Moving AYTU/ONCI to BUY, HEMP to HOLD, NLST back to HOLD, GSAT to WATCH
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