Based on (Sector + Industry)/2 strength Strength defined as %Stocks above 20, 50 and 200 sma HBM, SCCO, SXC look good. Posted another one
Marekt > Sector > Industry > Stock #1 Job of a stock picker is Stock selection. Buying right the wrong stock is a fool’s play. We say don’t confuse a bull market with talent. As in poker, the victory comes by sitting with the suckers. The forest to the tree approaches. We don’t want to catch the fish swimming upstream. The less resistance, the better. The more assistance, the better. I have a short timeframe, Swinging stocks for a few days, But if I have to choose btw 2 stocks… I’ll pick the one above the 200 days SMA, Surprise happens quick and easy, Better be positive. It’s a matter of odds. Or rather … Risk. The less risk, the more leverage. Betting big on a few bets with great payoff, Lose 1 to make 5, 10 or 20. Asymmetric opportunities. Skewed opportunities. That’s the blood of a speculator. Got a small account, Sorry but that’s the only way to grow. Take crazy bets with, hopefully, limited downside. Of course there is the usual Price Action, But that’s only one part of the equation. Don’t buy dogshit said Minervini. Traders are like surfers, But they ride Bubbles. Their biggest waves are our biggest bubbles. The Japanese Bubble in the 80’s The dot com Bubble in the 90’s Crypto, 2021 … Patiently waiting for the next wave. From 1st class to private jet. Not saying this is the only way … But that’s my vision of things. Qullamaggie often say “There is no Edge in this thing” When replying to a tip from a chatter. Random setups will lead to random results. There is a thousand variations of one setup, One bull flag is going to be different than another. That’s why trading is tough … The devil hides in the macro as well as in the micro. But … at the end … it’s always going to be 50/50
China $EDU $MLCO $TME $PDD $HTHT $TAL $TCOM $FUTU $YUMC $VIPS $LVS Biopharmaceutical $RXDX $ALNY $GILD Metals $STLD $SLV $SCCO Food $HSY $CPB Else $BSX $CELH $GPC $APD $DKS $FICO $CSGP $URI $NVO