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11/27/2015 No stock picks this week, nothing found.

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Cobra
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11/27/2015 No stock picks this week, nothing found.

Post by Cobra »

Nothing found this week. Usually I scan very strong stocks with decent volume, the results are 200 to 300 stocks then I hand pick those with base and breakout pattern. But nowadays the scan can only find less than 100 stocks, so very hard to find candidates.

All major indices are near all time high, yet not many strong stocks, this means the market internal is weak. See chart below, only 38% NYSE stocks are above MA200 while SPY is near all time high, this is ridiculous.
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NYA200R.png

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superxy
Posts: 249
Joined: Wed Oct 26, 2011 1:51 pm

Re: 11/27/2015 No stock picks this week, nothing found.

Post by superxy »

when this ND will make market correction is hard to guess....
DO you have any statistics to speculate?
Thanks!
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Cobra
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Re: 11/27/2015 No stock picks this week, nothing found.

Post by Cobra »

superxy wrote:when this ND will make market correction is hard to guess....
DO you have any statistics to speculate?
Thanks!
No. Just pray when the music stops, you're not the one get caught.

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