On Tuesday’s open the model portfolio added Great Plains Energy Incorporated [[GXP]] and The Valspar Corporation [[VAL]] . These purchases filled the portfolio with 10 positions.
I must apologize profusely for not updating the blog before these purchases were made. I blame a crazy morning at work for this transgression.
Anyway, in case you are following the system and want to add the final 2 positions, here are the two signals for Wednesday: Kodiak Oil & Gas Corp. [[KOG]] and Gildan Activewear Inc. (USA) [[GIL]] .
Did LZB ever show up on your powerdip? It reminds me of one that would. But the volume on the pullback has been strong and I feel like it is a good short setup especially on a bounce from here.
Caveman, I don’t recall seeing it, but I don’t look at all the signals…just the ones I’m going to trade. There have been a lot of signals lately due to the pullback.
Is there an explanation of the Power Dip system somewhere on the site? Thanks.
Jack, several times I have explained it. Rather than trying to find each instance, I have been planning to post a complete backtest history, very soon, likely this weekend. I will be sure to explain all the details of the system then.