As always, I have an interest in the best-performing stocks within my daily swing timeframe, which is 0-10 days. Within that timeframe, the best-performing stocks have been the ones near 52-week lows; this has been consistent every week since the 3/23 initial bottom. You can call it a dash for trash, dead cat bounce plays, etc. But this action is consistent with what typically happens in bear market dead cat bounces, the stocks hit the hardest, bounce the hardest. Regardless of your beliefs, this is a fact, and in case you were wondering, the gains are worth the same as stocks that are near highs and above moving averages.
$SPY TOP 25 best-performing stocks in the last week, $APA $ARNC $KSS $GPS $CPRI $RCL $JWN $NCLH $CCL $PVH $SPH $M $LB $VTR $WELL $LNC $DRI. There is a common theme here, one that can be exploited.
$SPY TOP 25 best-performing stocks in the last 10-days; $APA $FANG $DVN $PVH $WHR While all the stocks are trading near 52-week lows and most if not all are below intermediate and long term averages, the gains are worth the same if they were near highs & above averages.
You can build a scan based on this information for the next time we correct in a big way, the scan might not get you into the “strongest stocks” but it will get you into the BEST-PERFORMING stocks if you are timeframe is 0-30 days.
Here are three live examples; $IHRT tradervue.com/shared/trades/$MUR tradervue.com/shared/trades/$IGT tradervue.com/shared/trades/
$SPY largest point gainers in the last 5-days, same theme, of the initial bounce, the stocks that were hit the hardest are usually the ones the bounce the hardest initially.
Here are some examples; $PAYC tradervue.com/shared/trades/$MCK tradervue.com/shared/trades/$WDAY tradervue.com/shared/trades/
You can find stocks before the breakout here (managed assets) bit.ly/2FFqa6q or DIY at the trading room bit.ly/2TgOJi1
You can view over 100 shared trades including all the ones from last week here bit.ly/2umUIYG
This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.