If you go to my Chart.ly page you can see whatever my latest CBO video was. I will review the picks from the last CBO video I made.
Firstly, looking at yesterday’s trades, the new year started out strong with one-day returns:
It always is nice to kick off the year in the right direction.
Now let’s look at my last Compression Breakout Video.
In it, my top picks were $SGMO $STV $TEN $NNBR $HEK $CHTP.
Let’s see how they performed, and if my indicator lived up to task. Remember, unlike many who advertise about propriety and edge, my indicators explicitly identify top momentum stocks BEFORE they make the move, so if they fail in identifying the best opportunities each day, then they aren’t working.
Here is an annotated chart of old favourite FTK as a legend for the following charts:
SGMO – Returned 15% in 4 days, with a max of 17.5%. Still could easily justify holding a partial in the name, no stops near hit and another (valid) CBO today. But, ya know, biotechs.
STV - Stock popped 5% the next day, but then the company announced a secondary afterhours sending shares lower and stopping out at a larger than expected loss. This really sucks but it’s not controllable. It’s an exogenous event, but to gloss over it like it didn’t happen would be disingenuous.
TEN – The only dud as far as immediate reaction goes. This trade is not stopped out, but it also hasn’t advanced much. Today’s move was nice, and the largest drawdown was 2.4% which is small. Each CBO got you into a smoothly uptrending stock at a good price, though this one didn’t have the immediate gratification of a 15% move.
HEK – Up 14% in a straight line. The BuyPoints were largely great too.
NNBR – Up 21% in a straight line.
CHTP - Up 40% on drug news. Biotechs are scary but then can produce incredible returns. Biotechs may be a good time to use options, but then that presents other challenges.
Compression breakouts continue to succeed in their purported goals of finding momentum getting in before the move is going. Of course not all trades are winners or 20% ones at that, but in almost all cases, when there is an up move, there is a compression breakout. I find them, and ride them to the sky.
Does your system do that for you? It is possible to be self reliant and consistently in big winners.
The realcode for measuring the percent change since a condition is as follows: