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12/04/2015 No stock picks this week, nothing found.

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Cobra
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12/04/2015 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 37% NYSE stocks are above MA200 while SPY is near all time high, this is ridiculous.
Attachments
NYA200R.png

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