Thursday, April 25, 2013

13APR24-Timer Indicates "New Long" into the Markets

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With the close of markets on Wednesday, April 24th, my GGT timer has confirmed a move into the markets on the long side.  Shorting stocks or trading contra ETFs should be avoided if your time horizon for holding is typically longer than a couple of weeks.


As you can see, we're prone to whipsawing right now so the level of commitment into equities is subjective.  I am only placing orders for GGT securities which are "long" rated, and have a strong preference for GGT securities which are showing a cash-strength of +4 and/or favorable effective volume (www.effectivevolume.com) and/or are flashing a "New Long" status.

Daily updates of stocks on my list, along with their recommendations, are available if you send me an email to pduncan [at] VT [dot] edu, editing the syntax as necessary, and place the word "Dropbox" in the subject field with nothing else in the subject.

For those of you who are familiar, there are a number of leading stocks who should be on your watchlist.  My scan of this universe produces the following table:


Right-click on the image to open in a new tab or window to make larger.

To save you time in typing, the list of stocks above, sorted most favorable EV at the top descending, is as follows:


BIOL
VCLK
BOFI
CPTS
LOPE
NXST
CBM
EPL
SSI
KR
PRXL
STC
CTCM
CONN
MMP
KMX
MPW
SIRI
ACOR
FOR
SBGI
CZZ
HF
JRN
VMED
PIKE
PGTI
SIRO
ASTX
SFLY
SIG
EVC
HOTT
NLS
FLO
AB
CERS
COG
HCI
BX
GMCR
JOEZ
BEAV
PUK
HIMX
LEDR
SMI
TCX
WTT

Of course I urge you do perform your own diligence and to take responsibility for your own decisions.  I am not responsible for anything you do with this list of stocks.  Note that I have orders placed with many of these stocks.

Whether is this a short-term, failure-prone signal or not is left for the folks with crystal balls.  I take every signal, and I use GGT's methods to get into and also jump out of stocks.  

Happy hunting.

Regards,

pgd