Back to www.cobrasmarketview.com

   

05/26/2017 No stock picks, scan found 175 candidates

05/26/2017 No stock picks, scan found 175 candidates

Postby Cobra » Fri May 26, 2017 4:32 pm

The strategy is first to scan strong stocks, then I hand pick those with base and breakout patterns.

In a strong market, the scan for strong stocks should yield around 400+ stocks.

175 candidates today is a surprisingly bad number since the market is at all time high and up a lot since the last week, yet the strong stocks count is even less than the last week's 180. So the number actually tells us the rally was not broad based therefore suspicious.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 38239
Joined: Sat Feb 12, 2011 10:29 pm

Return to Stock Picks

Who is online

Users browsing this forum: No registered users and 1 guest