When the bounce comes... which (individual) stocks will fare best?

vanzandt said:
Any thoughts?
I have a few ideas... but I'm interested to hear other's opinions.
Specific stocks, not sectors.
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Mostly a guess.

But if you make the assumption... "those which start the bounce the strongest are likely to carry through further"... then you want to quickly know "which are leading", right? You need a tool to be able to do that.

You need some sort of way to screen the market for RS (Relative Strength). You don't have to know/guess in advance "who will lead", but you can quickly determine "who appears to be leading". As you well know, this is an important concept.

I plugged Investors FastTrack in a different thread mostly because of its ability to do exactly that. (Besides doing the grunt work of daily data updates and adjustments for distributions/dividends/splits, this RS function is probably its most valuable.) Any other software with that capability will do as well.
 
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My approach would be as rule of thumb;
A Set up SP500 / Nasdaq watchlist.
B Weed from the list defensive stocks and long term non performers.
C Find stocks which have pulled back the hardest since October, these will be oversold.
D Also find stocks which have pulled back the least, these will be tightly held perceived quality.
E When SP500 / Naz bounces with > 50% of stocks > 5day highs and > previous monthly highs, hit those stocks very near end of day as per what Scat mentioned. The SP500 / Naz indexes would have to be closing near at its high that day.
 
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vanzandt said:
Just curious... XLNX.
I watch it quite a bit.
Why has it held up so well while the other chip stocks have tanked?
Do you have expertise in this field?

I have nothing to base this on... but I have often wondered if its going to be taken over by one of the big players. As chip stocks go, it trades at pretty strong premium and its held up well recently all things considered. Its either a great short candidate, or something is brewing in the background.
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No idea. These stocks are from a momentum screen that I coded in R hence why they are still showing strength.
All these stocks have held up pretty well-considering equities puking so if things do flip we could potentially see some upside in these.
 
Here4money said:
Gas at lows thanks to Kashoggi interference

NASDAQ futures so far say keep shorting
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%%
That is most of the trends.
AMD has found some buyers @50%/+ level; but its too late in the year for me to buy single tek stocks.:cool::cool:[Edit note still very weak uptrend unless on bought 52 weeks ago?+/]
 
Scataphagos said:
Mostly a guess.

But if you make the assumption... "those which start the bounce the strongest are likely to carry through further"... then you want to quickly know "which are leading", right? You need a tool to be able to do that.

You need some sort of way to screen the market for RS (Relative Strength). You don't have to know/guess in advance "who will lead", but you can quickly determine "who appears to be leading". As you well know, this is an important concept.

I plugged Investors FastTrack in a different thread mostly because of its ability to do exactly that. (Besides doing the grunt work of daily data updates and adjustments for distributions/dividends/splits, this RS function is probably its most valuable.) Any other software with that capability will do as well.
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I PM'd another member here this weekend advising them to buy FIVE as I thought it might just do what you are saying. Thing jumped over 6% today, and was green even at the market lows.
FIVE and LULU were the two I had in mind. I want to avoid tech. I still think some of these high flyers are pricey. Nothing that has negative cashflow is worth 15 times sales imo, and all business's mature, not to mention they all have competition pretty much. But... you can't piss in the wind either if upward momentum kicks in.... eventually however fundamentals will determine prices, albeit that can take a long time when stupid money is chasing a return.
 
Blue light special tomorrow.
There's not gonna be a recession in 2019.
Apple is all about China. Let it take the whole market down.
Smart money will be buying.
If they go lower in the weeks ahead... buy more.
But ya gotta pick the right stocks.
 
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