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The year started with the list having an average gain of 3.7% on an average holding period of 12 calendar days.
During the week ended Friday, January 9, out of 1899 stocks meeting institutional price and volume criteria, the screens produced the following results :
Cumulative lists of longer-term setups:
- 277 resting big gainers, up from 257 last week
- 343 sleeping dogs, up from 334 last week.
- 147 breakout charts last 8 months- up from 142 last week
- 111 breakdown charts last 8 months –unchanged
Weekly screens of cycle positions.
- 89 met strict major or intermediate trend buy setup criteria down from 98. 32 of those triggered short term buy signals.
- 130 met strict major or intermediate trend sell setup criteria, up from 48. 6 triggered short term.
Tactics
For actionable trades, I visually review charts that triggered short term signals from the prescreened structural candidates. I chose 1 buy and no shorts to add to the list this week.
I also review the existing issues on the list for whether to close, hold, or add or adjust stops. Here are the results of my final review for this week.
Trade Selections and Adjustments
- 1 new pick, a buy, and no shorts. See table below.
- No existing picks were closed last week
- 13 earlier picks remain open, 7 buys, 6 short. I have added stops to 5 of them and will close one based on the open price on Monday. See table.
- Including new picks this week begins with 8 buys and 6 shorts.
Table in subscriber report. Non subscribers, click here for access.