31 stocks with momentum

CAAS: China Automative Systems Inc

As I said yesterday keep an eye on the Chinese stocks in this list. One of the highlighted stock was CAAS out of the 7 stocks on the list. The stock went as high as 20.63 yesterday before closing at 19.35. This was my existing position bought before the breakout.

If you are swing trader and looking for explosive moves like CAAS, CYD, SEED, WX, RINO, TSL, etc. then you should focus on stock with momentum. The top 2 to 3% stock with momentum offers very good opportunities for catching such explosive moves.

AIXG

APWR

BONT

CAAS: current open position (partial profits taken yesterday)

CYD: current open position

CYTX

DAN

DSW: current open position

EWBC

GOL

HGSI

HPJ

KFN

KGN

NANO: closed position

NLST: closed position

REV

RINO: open position

RVI

SEED

SMTL

SNIC

SVM

TSL: open position

TSTC: watch this for possible breakout

UFS

USEG

If you want to profit from the market study momentum. Out of all the factors affecting stock price in short run, it is the best predictive factor.

Quantitative Strategies for Achieving Alpha (McGraw-Hill Finance & Investing)

In this book Richard Tortoriello sets out find empirical drivers for stock market returns. This is a new book published last year. The author tests 1200 strategies on stocks to determine the major fundamental and market based drivers for future stock market returns.After such analysis he presents strategies that consistently outperform the market.

The author tests 7 basic categories of stocks factors:

Profitability
Valuation
Cash flow
Growth
Capital allocation
Price momentum
Red Flags ( risk factors)

Detailed quantitative tests for each of the factors are presented in the book. As the author works for S&P, he has access to the best database on stocks and he presents his findings for multiple factors within each of the above seven categories. The testing shows that the top single factor strategy for achieving excess return is price momentum calculated using 28/16 relative strength. The best strategy using two combined factor for excess return is price momentum plus nearness 52 week high.

Best site to learn to trade

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You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

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Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

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