The best stock I see right now is SE, holding up well. Would not buy now, but on an FTD, it might be my first buy.
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Here are the ones I think are holding the best right now. ATAT, WGS, SE, TGTX, ASTS, ROOT.
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$SE had an upside reversal from the 50dma today.
Your others look good, but I don’t like the idea of ASTS.
$GDX for gold stocks is in a cup with handle.
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Putting a toe into the water with HSAI. Chinese stock that is a HTF and just reported. Shot up and pulled back today. I bought at $22.43 and put my stop at the bottom of today at $21.20. Small trial position.
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Wow, stock was up 50% yesterday and down 6% today and you put in a stop loss about 5% below where you bought. It seems the odds are high you will stopped out that tight. I don’t have the fortitude to do that. - Pete
Check out MWA and SPOT for a FTD day watchlist.
Pete if it doesn’t take off I don’t want it. I told you it was a trial position so that should tell you I am not trusting this market. When you are in a market like this you want tight stops and small positions so that you do not get chopped up to much. If you go big and large stops you will not live to play tomorrow.
Thanks be careful of MWA it’s Revenue looks to be spotty.
Out of HSAI at $20.96. My test positions are not working out and market still feels like it wants to go down further. I think with trade war news it is to hard to get a footing.
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Or, you want to be all cash, but your basically all cash, so I can’t fault you for this approach. For me, I went all cash in my IBD account and even took on a small position in SQQQ and SARK. It is times like these that preserve our capital and let us compound it when the market is running. If we go down 20% in our portfolio, we must go up 25% to break even. By that time, the rally might be getting old. If we can get out with 8-10% portfolio loss, it is much easier.
For disclosure, and as I have said, my IBD portfolio is a small part of my investments. I have a ton of MF growth stocks that I have held a long time. So when the market goes south, I don’t ditch my NVDA, AXON, ANET, TTD, MELI, etc. And right now that hurts a lot! Perhaps I will come to the conclusion that I should sell 10% of my biggest holdings and move that into my IBD account. But when they come back and hit new highs, I will not want to. 
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I was watching Webby and he mentioned there was a time where Bill would only allow him to trade 1 percent of his portfolio because the market was doing so bad. I have taken 3 trades in 2 weeks and they all have failed but I have only risked .20% of my portfolio. I do not want to freeze because sooner or later this market will turn but I do not want to take a big risk either.
That is a good move Pete. I just have a hard time switching back and forth on those. Some people seem to do great though so it will be fun to watch how you manage it.
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Andy, these are inverses, so I don’t look at their chart, I look at the market action and QQQ chart. For SQQQ, I first bought on 3/3, which is marked on the QQQ with the red pointer. That is the day the QQQ fell below the 200dma. Webby likes ARKK because it has a lot of heat stocks, so I used SARK to catch the sell off of those (She has a lot of TSLA). For that, I did not use any TA points. These are 2x inverse funds so they scare me a little. You can see I bailed before market open once because it looked like it was going to be a strong day. But it faded and I bought it (SARK) back a few days later. On 3/11 I sold half, but not the market is tanking again. I might have trouble adding more at this point.
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Ok so you bought below the 200 day. Did you think the 50 day was to soon? If you are playing these off the QQQ and I think that is a good plan are you going to sell on a FTD or how are you planning your exit?
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I would sell on and FTD for sure. If QQQ were to move above 200dma I would need to sell. I might just sell if we start getting consecutive up days.
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Right the FTD might be to late. But since we are getting whip sawed it would have to be at least 2 consecutive days.
Keep an eye on Bros. An alternate buy point is as it comes over the 50SMA. Has great fund participation. I think this might be a leader.
I am noticing a lot of insurance companies setting up. Those are defensive stocks and I wonder if it means we have further to drop? Next week will be interesting.
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Yes, Webby agrees, not a good sign. Same thing for gold.
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FREE MARKETSURGE WEEK
Appears to be free Marketsurge week today to anyone who wants to look at it for the right price.
Lakedog
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You can get chart school for $750 dollars but they only let you have access to it for 3 years. If it was something you could download and watch forever it might be worth it.
The Naz is slowly creeping up, might hit 1% day, vol looks 0.86% higher than yesterday. It would seem to be a very week FTD. Fed speaks Wed so people should be cautious. SPY is on day two of attempted rally, Wed would be day 4.
So I sold the rest of my inverse ETFs: SARK and SQQQ. I will post charts and my thought process later.
Because it might be an FTD, I bought a 25% position in YUMC. I had meant to post a list of stocks to watch last night, but I think I forgot. The list was YUMC, VRTX, TW, HALO, ASND. I excluded the many insurance companies because they are defensive, but several are breaking out today.
YUMC: 2% above pivot, breaking out with RS of 93 and a blue dot. Vol was +45% when I bought it. Sales growth weak, but EPS growth pretty good. Stage 1 base. As the RS line tells you, it has been outperforming the market in the current downturn.
DASH and NFLX move above 50dma, both on strong vol. Would have bought on an obvious FTD, might go in small. GE moves above downtrend in buy zone, but very weak vol.