The Power Dip system will sell CAKE on Thursday’s open for a gain of approximately 2%. AEO stopped out Wednesday at the exact low for the day. I hate to see that happen, as it reversed strongly from that low to close higher.
This will leave two open slots in the portfolio which will be filled by [[DTSI]] and [[BEN]].
The system has been taking it on the chin lately. If the indices do not bounce soon, allowing the system to unload some of the longs, all of the gains of the past two months are likely to vanish.
The number of opportunities continues to be much higher than is to be expected from backtesting. I believe this is due to the unprecedented strength of the last three months. The good news is that the current signals represent the stalwarts of the recent rise, or in other words, these stocks are the strongest and have resisted pulling back.
Here are today’s opportunities not being added to the model Power Dip portfolio:Â BAP, CMRG, COOL, CPSL, CRGN, DOV, FLS, GLW, GNTX, KNXA, MVIS, NBL, NTG, OCLS, RTI, SMCR, SFE, SOHU, STAR, TSRA, WRC, ZAGG.
woody,
how does the system detect if we are going into a downturn and not to make purchases. Is there a abnormal or some market direction filter in there.
In this case if it keeps falling and you keep buying it will be a problem. Also your typical stop loss are 10% and what is an average profit for this picks.
thanks
Bill
Bill, I’ll be happy to answer these questions in a bit. I’m swamped at work right now.