Today’s Movers

843 views

My gut feel was that buyers would hold the line today, however it appears my timing was a bit off this morning on initial dip buys. Here are a few screens if you are looking for long ideas:

Hybrid movers

Runner screen

Wrong Move

762 views

I was stopped out of AAPL & TNA both for quick losses.

BUYING

802 views

I bought TNA on this intraday dip: bot @ 62.31, stop under 61

Also took some AAPL & COP. I’m prepared to sell out quick if the market reverses on us.

Godspeed.

Let Apple Be Your Guide

1,318 views

Going through today’s hybrid movers, one can’t help but recognize the same pattern throughout the list. Will today’s strength and further consolidation lead to bear flags? That’s the million dollar question.

I’m using AAPL as my guide here, and let’s just say I’m not inspired to buy here as AAPL is hitting the lows of the day.

I’ve traded environments like this in the past. The key for traders, especially new traders, is to limit mistakes. You have to exhibit patience at a time like this. Sit on your hands, go eat a sandwich, go do some yard work, do something productive. But, don’t, I repeat, don’t sit here and try to trade tick for tick unless you’ve had some experience in doing so.

I wish I had a top pick to bring you today, but I don’t. Cash is your friend, and if you raise cash, don’t be in such a hurry to deploy it back into the market. Let’s find our footing first. And, so far, in my opinion, AAPL has yet to find it’s footing.

Technically Oversold

1,057 views

To add to our collection of screens on this historic day, here is a list of stocks that are being flagged as oversold on a technical level within Exodus:

Screen Shot 2015-08-24 at 9.59.52 PM_____

WFC anyone?

Oversold

897 views

One neat feature from Exodus is the ability to screen for stocks in oversold cycles. These oversold cycles are backtested over a 12 month period and suggest an average return of holding the stock, for 5 days, based on past performance.

Let’s go ahead and take a look at tonight’s screen. The following are stocks that are oversold on our 12 month algorithm, and in the past have had an average bounce of 3% with a 5 day holding period. Granted this is not your ordinary tape, but here are a few more tickers worth eying if you believe a bounce is coming.

That FAS chart, wow.

Screen Shot 2015-08-24 at 7.08.00 PM___

I’ll be back in a bit with some more screens to sort through, there will be great opportunity from this mess. It pays to be prepared.

Today’s Movers

843 views

My gut feel was that buyers would hold the line today, however it appears my timing was a bit off this morning on initial dip buys. Here are a few screens if you are looking for long ideas:

Hybrid movers

Runner screen

Wrong Move

762 views

I was stopped out of AAPL & TNA both for quick losses.

BUYING

802 views

I bought TNA on this intraday dip: bot @ 62.31, stop under 61

Also took some AAPL & COP. I’m prepared to sell out quick if the market reverses on us.

Godspeed.

Let Apple Be Your Guide

1,318 views

Going through today’s hybrid movers, one can’t help but recognize the same pattern throughout the list. Will today’s strength and further consolidation lead to bear flags? That’s the million dollar question.

I’m using AAPL as my guide here, and let’s just say I’m not inspired to buy here as AAPL is hitting the lows of the day.

I’ve traded environments like this in the past. The key for traders, especially new traders, is to limit mistakes. You have to exhibit patience at a time like this. Sit on your hands, go eat a sandwich, go do some yard work, do something productive. But, don’t, I repeat, don’t sit here and try to trade tick for tick unless you’ve had some experience in doing so.

I wish I had a top pick to bring you today, but I don’t. Cash is your friend, and if you raise cash, don’t be in such a hurry to deploy it back into the market. Let’s find our footing first. And, so far, in my opinion, AAPL has yet to find it’s footing.

Technically Oversold

1,057 views

To add to our collection of screens on this historic day, here is a list of stocks that are being flagged as oversold on a technical level within Exodus:

Screen Shot 2015-08-24 at 9.59.52 PM_____

WFC anyone?

Oversold

897 views

One neat feature from Exodus is the ability to screen for stocks in oversold cycles. These oversold cycles are backtested over a 12 month period and suggest an average return of holding the stock, for 5 days, based on past performance.

Let’s go ahead and take a look at tonight’s screen. The following are stocks that are oversold on our 12 month algorithm, and in the past have had an average bounce of 3% with a 5 day holding period. Granted this is not your ordinary tape, but here are a few more tickers worth eying if you believe a bounce is coming.

That FAS chart, wow.

Screen Shot 2015-08-24 at 7.08.00 PM___

I’ll be back in a bit with some more screens to sort through, there will be great opportunity from this mess. It pays to be prepared.