The technicals of the market have deteriorated appreciably over the past week. We’re not at a point where the market is oversold. As a matter of fact, the current trend is just fine, going up. But there has been an undertone of weakness, easily detected by my vast array of super computers inside of The PPT.
Here are 10 technically oversold stocks and 1 overbought ETF. This is a 12 month algorithm, meaning each time the stock hit these levels of the past 12 months, XXX happened. Moreover, the holding period is 5 days, so if they go down tomorrow or the next day, shut the hell up about it and read the freakin’ post.
And the sole notable overbought ETF.
Yes, VHC is at the top of the list. No, I didn’t make it go there.
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But does your time machine say they will remain oversold?
It says they will do xxx 5 days from now.
Does it have anything to do with unprotected sex? You know I am worried for Mike π
You don’t blog about your dog, how come?
Is it me or it seams like you have much less visitors now>
Don’t get me going, for crying out loud!
You know how it goes with posters – if you’re not an avid follower of stocks you find other stuff to do. For a while, many of the posters here gave little in the way of decent opines. Trading takes discipline, practice and money some peeps just run out of all of the above over time.
Traffic is same. The active posters are all in PPT and 12631. We have hundreds in there.
The rest of the vagrants cavorting around here were banned.
Some vagrants are still around… Having a look through the posts on iBankcoin has been a part of my daily MO for years. Periodic snippets from the proprietary black-box magic of the PPT have, and continue to be, intriguing. People without the discipline/time/knowledge to establish their own systems should take advantage of the Fly’s work. Thanks for the posts and hard work.
CLGX looks very interesting
VMW is my pick, no position yet, maybe never; we’ll see.
when you put vmw and never in one sentence it’s a strategy, well done π
Fly “Lastly there is my largest position, RAS, who are commercial RE lenders, investors and managers. This company is in the midst of revival, penis hanging out, running around town with cocaine on their faces (absolutely no homo, donβt even think about it). RAS just increased their divvy.”
I’m still laughing at this comment, I ended buying some near the close today.
Time to SHOMP