Sellers dominating the action

Sellers are in complete control as of now from beginning of the year. We are getting big selling day in terms of breadth daily.

The breadth started to deteriorate months ago as % of stocks above 200 day MA (T2107) kept on going down from around April 2015. As of now only 12% of stocks are above 200 day MA.

Breadth deterioration was ignored by market as handful of large cap stocks still kept the indexes up. Now they are started to rollover.

Personally none of this was a surprise as I monitor breadth daily and had taken defensive posture ahead of sell off.

For those caught on wrong side of the move this is painful period. And as a result they will lose capital and confidence.

Markets periodically do this and wipe out traders , having good defense is your best offense for this kind of market periods.

As and when the market turns you have to be ready to go back in and have your list of stocks ready.

Stocks from DT + MDT+ TI65 that are still holding up well. Some of these will go on to make big moves in next bull move.

EXR NFLX BKH HR LXFT LULU MGLN NJR DLTR EDE FIZZ SLP CUBE ERI ENZ RIC LOCK CRAY BAK ONE LMAT LPTH SPWH OCLR PLAB CZR ADTN SSS TTS CHUY NSA ORBC MXL GHDX DRI VTL ROVI FIVE PACB VLRS AGRO HRL FIVN OLED OLLI VCRA WB SGI SPNC ANFI VRA DWA SIEN UTEK ERII FRAN ANGI CSTM ANF ITC GLOB CAFD ASPS FSLR PLCE CBPO PCRX MMYT PRAH ITCI WBMD FPRX DLR SEDG SCAI TSN NVRO ISRG EGRX ABMD STMP AMZN

Best money in market is made after such big corrections. If you protect capital and confidence then that period will more than compensate for being defensive during such bad period.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

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.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

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.

404

Recent Articles