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The list has an average gain 2.7% on an average holding period of 21 calendar days, including open picks and those closed out last week. Remaining open picks have an average gain of 3.7%. Details below.
During the week ended Friday, January 30, out of 1899 stocks meeting institutional price and volume criteria, the screens produced the following results :
Cumulative lists of longer-term setups:
- 330 resting big gainers, up from 322 last week
- 364 sleeping dogs, up from 355 last week.
- 151 breakout charts last 8 months- unchanged from 151 last week
- 111 breakdown charts last 8 months –unchanged
Weekly screens of cycle positions.
- 103 met strict major or intermediate trend buy setup criteria down from 107. 15 of those triggered short term buy signals, down from 51 last week.
- 74 met strict major or intermediate trend sell setup criteria, down from 78. 33 triggered short term, up from 10 short term.
Tactics
For actionable trades, I visually review charts that triggered short term signals from the prescreened structural candidates. 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
- Read my lips, no new picks.
- 3 existing picks were closed last week. 4 more will be closed based on Monday’s opening price
- 6 earlier picks will remain open, 5 buys, 1 short
- 4 of the picks have stops for the purpose of closeout. See table.
Table in subscriber report. Non subscribers, click here for access.