Adding exposure / testing the waters here!
GEX printing the second day of positive divergence:
Not full blown (that would be index down, GEX up), but positive.
The dog fight between Quad 1 and 4 leans now to Quad 1 from a ROC perspective (flagged exposures are above their 5 MA relative strength line):
Testing the waters and adding exposure (10%-15%) is fine here, but I will keep the stop losses tight! Gun to my head, this is a 50/50 chance, that we go higher from here, but risk reward looks o.k. (not great, for this the GEX would need to be lower and up while indexes are down + better relative strength on the QQQs and or SMH).
Ideas (Stop losses indicated) —>
XHB:
GBTC:
More ideas —>
SVIX (keep it small, very volatile 3% position max):
SSO
Stocks (all stocks are highly ranked via portfolio123.com!)
HIMS:
SWIM:
AMZN:
Breakout Trading:
If you are a sub to portfolio123.com and TC2000:
[—> Test drive portfolio123.com https://www.portfolio123.com/index.jsp?apc=judgetrade ]
The ranking system is (it is a very good public ranking system by portfolio123.com):
You will get a ton of stocks (>800), copy them to a TC2000 watchlist and filter them out like this:
I am looking for patterns like this (on small caps, breakout, then neglection while the low of the initial breakout holds, then second breakout with max volume on the hourly).
Daily chart template: https://www.tc2000.com/~s6TX9S
Hourly chart template: https://www.tc2000.com/~NMJtpX
You will have
Stocks with good fundamentals, the filter gives a shorter watch list.
Make sure the stock has a base, stocks that only get good rankings after they rallied have a high chance to fail. Best stocks already have a very high ranking IN THE BASE!
Yes there are times when you do not have to look at fundamentals, but that is seldom, in more difficult markets (that are the norm), fundamentals are important. If you want to play stocks with not so hot fundamentals, look at stocks with improving earnings (in a clear Quad 1-2, that is o.k.!) in the top 10% of EPS rate of change.
FRank("%(CurQEPSMean, CurQEPS4WkAgo)",#all,#DESC, #ExclNA) > 90 or FRank("%(CurQEPSMean , CurQEPS8WkAgo)",#all,#DESC, #ExclNA) > 90 or FRank("ActualGr%PQ(#EPS)",#all,#DESC, #ExclNA) > 90
All right!
All the best and best regards.
Andreas
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