TreadingScreen (CW34)
For more information on the TreadingScreen, please READ THIS for an explanation.
Screen Results (CW34: Aug 22nd - 26th)
Full Ticker List for CW34:
$ET, $SJM, $TECK, $TTE, $CELH, $CHNG, $ENPH
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New to the shortlist this week are $SJM, $ENPH and $CHNG.
Performance Last Week
The TreadingScreen average return (-0.55%) out-performed SPY 0.00%↑ (-2.82%) which means that's 2 weeks in a row of desirable performance.
“Maybe you shouldn’t be cocky about losing -0.55%, huh?”
Oh, yeah. Good point.
Looking back at the best and worst performing CW33 setups…
TOP 3: EOG (+5.9%), FANG (+3.8%), ON (+1.8%)
Neither $EOG or $FANG had good TA setups last week. Both broke below MA’s and the more recent reversal is happening on decreasing volume. However, both names followed the energy sector wave last week.
On the other hand, $ON, showed rapid price reversal (caution)… arguably over-extended (bad)… closed above top key level (good)… on increasing volume (good). Last week, this name was too volatile for the TreadingScreen last week. I would be interested if, in the coming weeks, it shows a stronger break and begins a retest on decreasing volume.
BOTTOM 3: AEP (-3.0%), MRK (-2.8%), PEP (-2.8%)
All three setups above show recent upward price movement but on decreasing volume. Noted.
TreadingSelect Changes
This week had some action!
Bought and sold AJG 0.00%↑ for a $2% gain
Neither of the following buys are showing up on Commonstock yet, but an update will be posted on Twitter:
Bought RSG 0.00%↑ at $144.50. Tight stop-loss is in-place as there is a chance this sees ~$137 as a potential stronger support area.
Bought KDP 0.00%↑ at $39.40 & $39.00. Exit strategy is in-place; if this drops below ~$38, I'm out.
Overall, the portfolio has recovered nicely from the LYB 0.00%↑ debacle.
Compounding gains is the motivation. A 1% weekly gain over 52 weeks equates to a total account increase of 68%.
Starters (focus list):
ADP, WM, RSG, LPLA, AJG, KDP, SJM, ENPH
Bench (*upcoming earnings OR setup needs time):
ADC, DOX, CI, PGR, TMUS, ON, MRK, CHNG
Released (reconsidering OR setup broke down):
AEP, PEP, BAH, KT
Disclosure: The article expresses the author's own opinions. The information presented is for informational purposes only and should not be construed as financial advice or recommendation to buy or sell any stock. The author is not a financial advisor and encourages all readers to do further research and due diligence before investing.