It’s the year 2019 and you have all sort of technology at your fingertips. You have wizards online, such as Le Fly, offering high powered algorithms and strategies for a song — and there you are — like a moron — paying an investment advisor 50-100bps per annum for useless advice.
Ninety nine percent of my IAR readers will agree quietly, but never acquiesce the sordid belief that somewhere, deep down into the recesses of their souls — they have a viable opinion on the matter.
The Nasdaq is within 5% of record highs. The gambler version of increasing your account size the coming month would be to go small cap, in the hopes that the degeneracy sloppily spills over into bad stocks. This, of course, could happen — but it’s a low probability bet — and not suitable for people who lack time or patience to trade in the cesspools of Wall.
But here’s a screen, courtesy of Exodus, that can very easily provide you with returns — as we stretch out towards the stars and high new, bright, clean, record, fucking, highs.
The screen is simple enough — but you can’t get it anywhere else but here. Tech stocks with market caps over $5b, Sharpe ratios over 1, proprietary technical rank above 2, average volume above 500k — within 10% of their 52 week highs.
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Long live Fly and Exodus! Good day to you!