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The list has an average gain 8.8% on an average holding period of 17 calendar days, including open picks and those closed out last week. Remaining open picks are all profitable, with an average gain of 12.1%. Details below.
During the week ended Friday, January 16, out of 1899 stocks meeting institutional price and volume criteria, the screens produced the following results :
Cumulative lists of longer-term setups:
- 306 resting big gainers, up from 277 last week
- 351 sleeping dogs, up from 343 last week.
- 150 breakout charts last 8 months- up from 142 last week
- 111 breakdown charts last 8 months –unchanged
Weekly screens of cycle positions.
- 54 met strict major or intermediate trend buy setup criteria down from 89. 12 of those triggered short term buy signals, down from 32 last week.
- 83 met strict major or intermediate trend sell setup criteria, down from 130. 11 triggered short term, up from 6 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 short, and no buys. See table below.
- 3 existing picks were closed last week, all losses. Another, with a gain, will be closed on Monday,
- 11 earlier picks and 1 new pick will remain open, 8 buys, 4 short.
- I have added stops to 4 picks. See table.
Table in subscriber report. Non subscribers, click here for access.